Walleye Capital LLC Acquires Shares of 73,325 Origin Materials, Inc. (NASDAQ:ORGN)

Walleye Capital LLC acquired a new stake in shares of Origin Materials, Inc. (NASDAQ:ORGNGet Rating) in the second quarter, HoldingsChannel reports. The fund acquired 73,325 shares of the financial services provider’s stock, valued at approximately $375,000.

A number of other hedge funds have also recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in Origin Materials during the 1st quarter worth approximately $44,000. ProShare Advisors LLC bought a new position in Origin Materials during the 2nd quarter worth approximately $62,000. Raymond James & Associates bought a new position in Origin Materials during the 1st quarter worth approximately $68,000. J.W. Cole Advisors Inc. bought a new position in Origin Materials during the 1st quarter worth approximately $69,000. Finally, CTC Capital Management LLC bought a new position in Origin Materials during the 1st quarter worth approximately $74,000. Institutional investors and hedge funds own 29.57% of the company’s stock.

Origin Materials Trading Down 2.8 %

Shares of NASDAQ ORGN opened at $5.52 on Thursday. The company has a market cap of $787.73 million, a price-to-earnings ratio of 11.50 and a beta of 1.01. Origin Materials, Inc. has a 12-month low of $4.65 and a 12-month high of $7.71. The company has a current ratio of 23.02, a quick ratio of 23.03 and a debt-to-equity ratio of 0.02. The stock’s 50 day simple moving average is $5.45 and its 200 day simple moving average is $5.88.

Wall Street Analysts Forecast Growth

Separately, Credit Suisse Group began coverage on Origin Materials in a report on Friday, October 14th. They set an “outperform” rating and a $7.00 target price on the stock.

Insider Buying and Selling

In related news, Director Cook Pia Johanna Heidenmark sold 10,989 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $5.61, for a total value of $61,648.29. Following the sale, the director now owns 97,467 shares of the company’s stock, valued at approximately $546,789.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Cook Pia Johanna Heidenmark sold 10,989 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $5.61, for a total value of $61,648.29. Following the sale, the director now owns 97,467 shares of the company’s stock, valued at approximately $546,789.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John Bissell sold 7,700 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $5.66, for a total value of $43,582.00. Following the completion of the sale, the chief executive officer now directly owns 1,065,828 shares in the company, valued at approximately $6,032,586.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,657 shares of company stock valued at $841,884. Insiders own 25.20% of the company’s stock.

About Origin Materials

(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.

See Also

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:ORGNGet Rating).

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

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