Aegis Financial Corp buys $9,956,261 stake in Resolute Forest Products Inc (RFP)

Resolute Forest Products Inc (RFP) : Aegis Financial Corp scooped up 66,012 additional shares in Resolute Forest Products Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,701,925 shares of Resolute Forest Products Inc which is valued at $9,956,261.Resolute Forest Products Inc makes up approximately 8.97% of Aegis Financial Corp’s portfolio.

Other Hedge Funds, Including , Walleye Trading sold out all of its stake in RFP during the most recent quarter. The investment firm sold 1,000 shares of RFP which is valued $5,850.Dimensional Fund Advisors Lp reduced its stake in RFP by selling 14,223 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 2,271,010 shares of RFP which is valued at $13,376,249. Resolute Forest Products Inc makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.

Resolute Forest Products Inc closed down -0.03 points or -0.52% at $5.77 with 2,48,695 shares getting traded on Thursday. Post opening the session at $5.84, the shares hit an intraday low of $5.71 and an intraday high of $5.88 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Resolute Forest Products Inc reported $0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.12.During the same quarter in the previous year, the company posted $0.07 EPS.

Resolute Forest Products Inc. is a holding company. The Company is a forest products company which offers products including newsprint specialty papers market pulp and wood products. It owns or operates approximately 40 pulp and paper mills and wood products facilities in the United States Canada and South Korea and power generation assets in Canada. The Company operates through four segments: newsprint specialty papers market pulp and wood products. It also sells green power produced from renewable sources wood chips and other wood related products to customers located in Canada and the United States. The newsprint segment produces newsprint at 10 facilities in North America and one facility in South Korea. The specialty papers segment produces specialty papers at five facilities in North America. The market pulp segment produces market pulp at seven facilities in North America. The wood products segment operates 15 sawmills in Canada.

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