J.W. Cole Advisors Inc. Takes $69,000 Position in Origin Materials, Inc. (NASDAQ:ORGN)

J.W. Cole Advisors Inc. acquired a new stake in Origin Materials, Inc. (NASDAQ:ORGNGet Rating) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,500 shares of the financial services provider’s stock, valued at approximately $69,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Advisor Group Holdings Inc. grew its position in shares of Origin Materials by 11.1% in the first quarter. Advisor Group Holdings Inc. now owns 16,400 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 1,638 shares during the period. Commonwealth Equity Services LLC grew its position in Origin Materials by 13.6% during the first quarter. Commonwealth Equity Services LLC now owns 15,988 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 1,909 shares during the period. Archford Capital Strategies LLC grew its position in Origin Materials by 7.7% during the first quarter. Archford Capital Strategies LLC now owns 33,458 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 2,403 shares during the period. GSA Capital Partners LLP grew its position in Origin Materials by 4.4% during the first quarter. GSA Capital Partners LLP now owns 71,138 shares of the financial services provider’s stock valued at $468,000 after acquiring an additional 3,016 shares during the period. Finally, Mirabella Financial Services LLP grew its position in Origin Materials by 15.5% during the first quarter. Mirabella Financial Services LLP now owns 25,475 shares of the financial services provider’s stock valued at $168,000 after acquiring an additional 3,410 shares during the period. Hedge funds and other institutional investors own 29.57% of the company’s stock.

Origin Materials Price Performance

ORGN stock opened at $5.20 on Friday. The stock has a 50-day moving average price of $6.09 and a two-hundred day moving average price of $6.22. Origin Materials, Inc. has a 12-month low of $4.65 and a 12-month high of $8.05. The company has a current ratio of 43.25, a quick ratio of 43.25 and a debt-to-equity ratio of 0.02. The company has a market cap of $739.68 million, a PE ratio of 8.39 and a beta of 0.85.

Origin Materials (NASDAQ:ORGNGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. As a group, research analysts predict that Origin Materials, Inc. will post -0.22 EPS for the current year.

Insider Transactions at Origin Materials

In other news, insider Stephen Galowitz sold 125,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $6.00, for a total value of $750,000.00. Following the completion of the sale, the insider now 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 through this link. In related news, Director Cook Pia Johanna Heidenmark sold 10,989 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $5.61, for a total value of $61,648.29. Following the transaction, the director now owns 97,467 shares in the company, valued at $546,789.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stephen Galowitz sold 125,000 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $6.00, for a total value of $750,000.00. Following the completion of the transaction, the insider now owns 163,265 shares in the company, valued at approximately $979,590. The disclosure for this sale can be found here. Insiders sold 228,989 shares of company stock valued at $1,425,238 over the last quarter. Company insiders own 25.20% of the company’s stock.

Origin Materials Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Origin Materials (NASDAQ:ORGN)

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