RBF Capital LLC trimmed its position in Orion Group Holdings, Inc. (NYSE:ORN – Free Report) by 89.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,231 shares of the construction company’s stock after selling 129,326 shares during the quarter. RBF Capital LLC’s holdings in Orion Group were worth $88,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Portolan Capital Management LLC grew its position in Orion Group by 56.6% in the third quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company’s stock valued at $11,455,000 after acquiring an additional 717,533 shares during the period. Dimensional Fund Advisors LP grew its position in Orion Group by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,882,898 shares of the construction company’s stock valued at $17,907,000 after acquiring an additional 46,079 shares during the period. Royce & Associates LP grew its position in Orion Group by 12.9% in the third quarter. Royce & Associates LP now owns 1,749,785 shares of the construction company’s stock valued at $10,096,000 after acquiring an additional 200,420 shares during the period. American Century Companies Inc. grew its position in Orion Group by 311.9% in the second quarter. American Century Companies Inc. now owns 453,461 shares of the construction company’s stock valued at $4,312,000 after acquiring an additional 343,368 shares during the period. Finally, De Lisle Partners LLP grew its position in Orion Group by 15.0% in the third quarter. De Lisle Partners LLP now owns 375,144 shares of the construction company’s stock valued at $2,145,000 after acquiring an additional 48,902 shares during the period. 70.25% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Orion Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.
Insider Transactions at Orion Group
In other news, EVP Edward Chipman Earle purchased 15,633 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $6.05 per share, for a total transaction of $94,579.65. Following the completion of the acquisition, the executive vice president now directly owns 86,235 shares in the company, valued at approximately $521,721.75. The trade was a 22.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.30% of the company’s stock.
Orion Group Price Performance
Shares of ORN stock opened at $8.74 on Friday. The stock’s fifty day moving average is $6.96 and its 200-day moving average is $7.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. The stock has a market capitalization of $339.99 million, a PE ratio of -21.85, a PEG ratio of 3.62 and a beta of 0.89. Orion Group Holdings, Inc. has a 52 week low of $4.09 and a 52 week high of $12.12.
Orion Group Profile
Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.
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