Orion S.A. (NYSE:OEC) Stock Holdings Lifted by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its stake in shares of Orion S.A. (NYSE:OEC - Free Report) by 103.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,501 shares of the specialty chemicals company's stock after purchasing an additional 65,453 shares during the period. GSA Capital Partners LLP owned approximately 0.22% of Orion worth $2,289,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in OEC. Janney Montgomery Scott LLC boosted its position in shares of Orion by 24.6% in the third quarter. Janney Montgomery Scott LLC now owns 42,163 shares of the specialty chemicals company's stock worth $751,000 after buying an additional 8,321 shares during the period. Roubaix Capital LLC lifted its position in shares of Orion by 68.2% during the third quarter. Roubaix Capital LLC now owns 308,303 shares of the specialty chemicals company's stock worth $5,491,000 after purchasing an additional 124,986 shares in the last quarter. Jade Capital Advisors LLC grew its holdings in Orion by 4.3% during the 3rd quarter. Jade Capital Advisors LLC now owns 243,041 shares of the specialty chemicals company's stock valued at $4,329,000 after purchasing an additional 10,000 shares in the last quarter. nVerses Capital LLC purchased a new stake in Orion during the 3rd quarter worth $69,000. Finally, Creative Planning acquired a new stake in shares of Orion during the third quarter valued at about $490,000. 94.33% of the stock is owned by hedge funds and other institutional investors.

Orion Price Performance

Shares of OEC stock traded down $0.26 during mid-day trading on Tuesday, hitting $17.56. 211,580 shares of the stock traded hands, compared to its average volume of 440,546. Orion S.A. has a twelve month low of $14.94 and a twelve month high of $28.48. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.80 and a current ratio of 1.39. The company's 50-day simple moving average is $16.60 and its 200-day simple moving average is $20.22. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 33.62 and a beta of 1.48.

Orion (NYSE:OEC - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The specialty chemicals company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). Orion had a return on equity of 18.82% and a net margin of 1.67%. The business had revenue of $463.40 million during the quarter, compared to analyst estimates of $489.01 million. As a group, equities research analysts expect that Orion S.A. will post 1.7 earnings per share for the current year.

Orion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.021 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.48%. This is an increase from Orion's previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Friday, December 13th. Orion's dividend payout ratio is currently 15.09%.

Analyst Ratings Changes

A number of research firms have commented on OEC. StockNews.com downgraded shares of Orion from a "buy" rating to a "hold" rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. upgraded shares of Orion from a "neutral" rating to an "overweight" rating and raised their price target for the company from $20.00 to $21.00 in a research note on Monday.

Insider Buying and Selling

In other news, CEO Corning F. Painter bought 10,000 shares of the business's stock in a transaction on Thursday, August 22nd. The shares were bought at an average cost of $17.69 per share, with a total value of $176,900.00. Following the purchase, the chief executive officer now directly owns 958,776 shares in the company, valued at $16,960,747.44. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.

Orion Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.