An insider at Wausau Paper Corp. (NYSE:WPP) rose his exposure to the company through a transaction completed today, August 19th. Michael C. Burandt, who works for the company as the Chairman Of The Board and Chief Executive Officer, purchased 3,000 shares of common stock at an average price of $8.66 per share. Following this transaction, Brandt holds a total of 3,000 shares directly in the company. Moreover, Wausau Paper Corp. (NYSE:WPP) is a $439.62 million market cap company that manufactures, converts, and sells paper and paper products. As well, the Company operates a business that produces a line of towel and tissue products that are marketed, along with soap and dispensing systems, for the away-from-home market.
In addition, the largest outside investment in the paper company comes from Starboard Value Lp, the hedge fund controlled by Jeffrey Smith, which holds 7.5 million shares worth about $81.2 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.