Insider Buying: KP Tissue Inc. (TSE:KPT) Director Acquires 2,500 Shares of Stock

KP Tissue Inc. (TSE:KPT - Get Free Report) Director Sarah Astrea Kruger acquired 2,500 shares of the stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of C$8.51 per share, for a total transaction of C$21,275.00.

KP Tissue Price Performance

KP Tissue stock traded down C$0.01 during midday trading on Wednesday, reaching C$8.43. The company's stock had a trading volume of 8,691 shares, compared to its average volume of 17,006. The stock has a market capitalization of C$84.05 million, a P/E ratio of 14.05, a PEG ratio of -0.88 and a beta of 0.37. The stock's 50-day simple moving average is C$8.49 and its 200-day simple moving average is C$8.45. KP Tissue Inc. has a 52-week low of C$8.02 and a 52-week high of C$10.48.

KP Tissue Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date of this dividend is Monday, September 30th. KP Tissue's dividend payout ratio (DPR) is 120.00%.

Analyst Upgrades and Downgrades

KPT has been the subject of a number of research reports. Desjardins lowered their target price on KP Tissue from C$11.00 to C$10.00 and set a "hold" rating for the company in a research report on Wednesday, May 15th. TD Securities upped their price objective on KP Tissue from C$8.50 to C$9.00 and gave the company a "hold" rating in a research report on Wednesday, August 14th.

KP Tissue Company Profile

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins.