HighTower Advisors LLC Has $3.37 Million Holdings in Origin Materials, Inc. (NASDAQ:ORGN)

HighTower Advisors LLC lowered its position in shares of Origin Materials, Inc. (NASDAQ:ORGN – Get Rating) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 730,236 shares of the financial services provider’s stock after selling 6,331 shares during the quarter. HighTower Advisors LLC’s holdings in Origin Materials were worth $3,366,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in Origin Materials during the first quarter valued at approximately $44,000. Price T Rowe Associates Inc. MD purchased a new position in Origin Materials during the second quarter valued at approximately $52,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Origin Materials in the second quarter worth approximately $56,000. ProShare Advisors LLC grew its position in Origin Materials by 16.7% in the fourth quarter. ProShare Advisors LLC now owns 13,519 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 1,938 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in Origin Materials in the second quarter worth approximately $63,000. Institutional investors and hedge funds own 28.63% of the company’s stock.

Insider Buying and Selling

In related news, CEO Richard J. Riley sold 45,000 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $4.69, for a total transaction of $211,050.00. Following the completion of the transaction, the chief executive officer now directly owns 337,500 shares in the company, valued at approximately $1,582,875. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 25.20% of the stock is owned by insiders.

Origin Materials Stock Down 6.7 %

ORGN stock opened at $4.32 on Monday. The company has a market capitalization of $618.19 million, a price-to-earnings ratio of 7.58 and a beta of 1.24. Origin Materials, Inc. has a 12 month low of $3.67 and a 12 month high of $7.71. The firm has a 50 day moving average of $4.10 and a two-hundred day moving average of $4.85.

Origin Materials (NASDAQ:ORGN – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. On average, research analysts expect that Origin Materials, Inc. will post -0.55 EPS for the current fiscal year.

Origin Materials Company Profile

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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.