Insider Trading Watch List: KapStone Paper and Packaging Corp. (KS)

KapStone Paper and Packaging Corp. (NYSE:KS) insider has recently participated in insider trading activity. Director, Chapman John sold 50,000 shares for $ 1,095,150 via one transaction Nov 04. Following the transaction, the insider now owns 511,673 shares in total, priced at $10.24 as of Wednesday. Another notable insider trading was done by the same insider on Nov 03. Chapman John sold 100,000 shares at an average price of $21.97 for a total of $2,196,500     . Moreover, 2,196,500 carried out a sale of 36,045 shares at $9.44 each on Feb 12. The transaction amounted to $340,167. Chairman and CEO STONE ROGER W bought 100,000 shares for $2,091,320 through one transaction Aug 24. Following this sale, this insider’s stake in the company comprises 3,197,147 shares, priced at $26983920.68 as of Wednesday.

The stock has experienced a total of 1 insider trades in the past three months. These trades include 0 sell activities and 1 buy trades. Furthermore, over the past 12 months, the stock was traded 40 times by insiders. In 15 of these trades, the insider was a seller while an employee of the company was the buyer in just 25 instances.

On Feb. 9, 2016, KapStone Paper and Packaging Corp. (KS) reported preliminary results for the fourth quarter and year ended December 31, 2015.

As compared to 2014’s fourth quarter, results for 2015’s fourth quarter are below:

• Net sales of $764 million up $201 million, or 36 percent


• Net income of $12 million down $22 million, or 65 percent


• Diluted EPS of $0.12 down $0.23 per share, or 66 percent


• Adjusted EBITDA of $82 million down $20 million, or 20 percent


• Adjusted net income of $16 million down $24 million, or 60 percent


• Adjusted diluted EPS of $0.17 down $0.24 per share, or 59 percent

KapStone Paper and Packaging Corporation manufactures and sells containerboards, corrugated products, and specialty paper products in the United States and internationally. The company offers containerboards consisting of linerboard and corrugated medium to converters in the corrugated packaging industry, and to other converters for various uses, including laminated tier sheets and wrapping materials. Its specialty paper products include Kraft paper comprising multiwall paper used to produce bags for agricultural products, pet food, baking products, cement and chemicals, and grocery bags, as well as specialty conversion products, such as wrapping paper products, dunnage bags, and roll wraps; and lightweight paper.