Origin Materials, Inc. (NASDAQ:ORGN) Insider Stephen Galowitz Sells 125,000 Shares

Origin Materials, Inc. (NASDAQ:ORGNGet Rating) insider Stephen Galowitz sold 125,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $6.00, for a total value of $750,000.00. Following the sale, the insider now directly owns 163,265 shares of the company’s stock, valued at $979,590. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Origin Materials Stock Performance

Shares of ORGN opened at $6.68 on Friday. The company has a current ratio of 61.85, a quick ratio of 61.85 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $5.81 and a 200 day moving average of $5.98. Origin Materials, Inc. has a 12 month low of $4.65 and a 12 month high of $8.10. The company has a market capitalization of $944.77 million, a price-to-earnings ratio of 10.77 and a beta of 0.97.

Origin Materials (NASDAQ:ORGNGet Rating) last released its earnings results on Monday, May 9th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). As a group, sell-side analysts forecast that Origin Materials, Inc. will post -0.23 earnings per share for the current year.

Institutional Trading of Origin Materials

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Origin Materials by 46.3% in the first quarter. Vanguard Group Inc. now owns 6,031,855 shares of the financial services provider’s stock worth $39,690,000 after buying an additional 1,909,567 shares during the last quarter. Clearline Capital LP boosted its holdings in shares of Origin Materials by 175.6% in the fourth quarter. Clearline Capital LP now owns 1,039,324 shares of the financial services provider’s stock worth $4,576,000 after acquiring an additional 662,278 shares during the period. Candriam S.C.A. bought a new position in shares of Origin Materials in the second quarter worth $2,823,000. State Street Corp boosted its holdings in shares of Origin Materials by 6.5% in the first quarter. State Street Corp now owns 510,026 shares of the financial services provider’s stock worth $3,356,000 after acquiring an additional 31,198 shares during the period. Finally, Senvest Management LLC boosted its holdings in shares of Origin Materials by 4.3% in the fourth quarter. Senvest Management LLC now owns 481,026 shares of the financial services provider’s stock worth $3,103,000 after acquiring an additional 20,000 shares during the period. 35.22% of the stock is owned by hedge funds and other institutional investors.

About Origin Materials

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Micromidas, Inc, doing business as Origin Materials, produces and commercializes plant-based PET plastic. It develops a platform for turning the carbon found in biomass into useful materials, while capturing carbon in the process. The company serves tire filler, carbon black, agriculture, and activated carbon markets.

See Also

Insider Buying and Selling by Quarter for Origin Materials (NASDAQ:ORGN)

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