Bank of New York Mellon Corp Increases Position in Origin Materials, Inc. (NASDAQ:ORGN)

Bank of New York Mellon Corp lifted its holdings in Origin Materials, Inc. (NASDAQ:ORGNFree Report) by 7.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 375,704 shares of the financial services provider’s stock after buying an additional 26,018 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.26% of Origin Materials worth $481,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ORGN. Money Concepts Capital Corp acquired a new position in shares of Origin Materials in the 4th quarter worth approximately $37,000. Horizon Wealth Management LLC acquired a new stake in shares of Origin Materials during the second quarter worth approximately $43,000. Quantbot Technologies LP acquired a new stake in shares of Origin Materials during the first quarter worth approximately $44,000. Stifel Financial Corp acquired a new stake in shares of Origin Materials during the second quarter worth approximately $46,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Origin Materials during the second quarter worth approximately $52,000. 28.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Origin Materials

In other Origin Materials news, CEO John Bissell sold 40,000 shares of Origin Materials stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $0.78, for a total value of $31,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,173,828 shares in the company, valued at $915,585.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 17.49% of the company’s stock.

Origin Materials Stock Performance

ORGN stock opened at $0.54 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 12.45 and a current ratio of 12.50. The stock has a market cap of $77.68 million, a P/E ratio of 1.54 and a beta of 1.18. The firm has a 50 day simple moving average of $0.71 and a 200 day simple moving average of $1.21. Origin Materials, Inc. has a 52 week low of $0.50 and a 52 week high of $5.35.

About Origin Materials

(Free Report)

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops proprietary platform technology to convert biomass or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other product intermediates.

Featured Articles

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:ORGNFree Report).

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

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.