John Bissell Sells 36,000 Shares of Origin Materials, Inc. (NASDAQ:ORGN) Stock

Origin Materials, Inc. (NASDAQ:ORGN) CEO John Bissell sold 36,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $1.14, for a total value of $41,040.00. Following the completion of the transaction, the chief executive officer now directly owns 1,581,230 shares of the company’s stock, valued at approximately $1,802,602.20. This trade represents a 2.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Origin Materials Price Performance

Shares of ORGN stock opened at $0.96 on Thursday. The stock has a market cap of $140.40 million, a P/E ratio of -1.68 and a beta of 0.95. The stock has a fifty day moving average price of $1.28 and a 200 day moving average price of $1.21. Origin Materials, Inc. has a one year low of $0.44 and a one year high of $1.90.

Hedge Funds Weigh In On Origin Materials

Hedge funds have recently modified their holdings of the stock. PBMares Wealth Management LLC grew its position in Origin Materials by 14.0% during the 3rd quarter. PBMares Wealth Management LLC now owns 65,000 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 8,000 shares during the last quarter. State Street Corp grew its stake in shares of Origin Materials by 2.1% during the third quarter. State Street Corp now owns 480,194 shares of the financial services provider’s stock valued at $739,000 after purchasing an additional 10,000 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Origin Materials by 1.3% during the 3rd quarter. HighTower Advisors LLC now owns 1,045,038 shares of the financial services provider’s stock worth $1,608,000 after buying an additional 12,985 shares in the last quarter. RBF Capital LLC raised its position in shares of Origin Materials by 10.2% during the third quarter. RBF Capital LLC now owns 176,314 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 16,314 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Origin Materials by 464.0% during the 3rd quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 23,200 shares during the last quarter. 29.91% of the stock is owned by institutional investors and hedge funds.

Origin Materials Company Profile

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