2 weeks Ago By ABMN Staff
Rhumbline Advisers trimmed its holdings in shares of Origin Materials, Inc. ( NASDAQ:ORGN – Free Report ) by 65.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 59,049 shares of the financial services provider’s stock after selling 111,213 shares during the quarter. Rhumbline Advisers’ holdings in Origin Materials were worth $53,000 as of its most recent SEC filing. Several other large investors have also made changes to their positions in ORGN.
BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Origin Materials by 12.
3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.
now owns 1,853,083 shares of the financial services provider’s stock valued at $945,000 after acquiring an additional 203,099 shares during the period. Vanguard Group Inc. raised its position in Origin Materials by 0.
8% during the first quarter. Vanguard Group Inc. now owns 5,899,099 shares of the financial services provider’s stock worth $3,009,000 after acquiring an additional 48,889 shares during the period.
Acadian Asset Management LLC lifted its holdings in Origin Materials by 92.5% during the first quarter. Acadian Asset Management LLC now owns 823,455 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 395,588 shares in the last quarter.
Janus Henderson Group PLC grew its position in shares of Origin Materials by 28.1% in the first quarter. Janus Henderson Group PLC now owns 240,378 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 52,701 shares during the period.
Finally, Moss Adams Wealth Advisors LLC purchased a new stake in shares of Origin Materials during the second quarter worth about $45,000. 29.91% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In Separately, Bank of America upgraded Origin Materials from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $1.35 to $3.00 in a report on Friday, August 16th.
Origin Materials Stock Performance Shares of NASDAQ:ORGN opened at $1.54 on Tuesday. The company has a debt-to-equity ratio of 0.
01, a current ratio of 13.57 and a quick ratio of 13.48.
Origin Materials, Inc. has a 1 year low of $0.44 and a 1 year high of $1.
90. The firm has a market capitalization of $226.41 million, a PE ratio of -154,000.
00 and a beta of 0.99. The business’s 50 day moving average price is $1.
30 and its 200-day moving average price is $1.01. Origin Materials ( NASDAQ:ORGN – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 14th.
The financial services provider reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.
02). The business had revenue of $7.03 million for the quarter.
Origin Materials had a negative return on equity of 14.10% and a negative net margin of 37.93%.
As a group, equities research analysts expect that Origin Materials, Inc. will post -0.45 earnings per share for the current fiscal year.
About Origin Materials ( Free Report ) Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products. Further Reading Want to see what other hedge funds are holding ORGN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Origin Materials, Inc. ( NASDAQ:ORGN – Free Report ). Receive News & Ratings for Origin Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Origin Materials and related companies with MarketBeat.
com's FREE daily email newsletter ..
