Insider Selling: Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Sells 47,625 Shares of Stock

Origin Materials, Inc. (NASDAQ:ORGN - Get Free Report) General Counsel Joshua C. Lee sold 47,625 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $1.08, for a total value of $51,435.00. Following the completion of the transaction, the general counsel now directly owns 429,785 shares in the company, valued at $464,167.80. This trade represents a 9.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Origin Materials Trading Down 3.6 %

ORGN stock traded down $0.04 during midday trading on Tuesday, hitting $1.08. The company's stock had a trading volume of 1,197,333 shares, compared to its average volume of 1,667,496. The company has a market cap of $157.95 million, a PE ratio of -1.89 and a beta of 0.95. Origin Materials, Inc. has a 12 month low of $0.44 and a 12 month high of $1.90. The firm's 50-day moving average is $1.29 and its 200-day moving average is $1.21.

Institutional Investors Weigh In On Origin Materials

A number of hedge funds have recently added to or reduced their stakes in the stock. PBMares Wealth Management LLC raised its stake 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 valued at $100,000 after buying an additional 8,000 shares during the last quarter. State Street Corp raised its stake in Origin Materials by 2.1% during the 3rd quarter. State Street Corp now owns 480,194 shares of the financial services provider's stock valued at $739,000 after buying an additional 10,000 shares during the last quarter. HighTower Advisors LLC raised its stake 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 valued at $1,608,000 after buying an additional 12,985 shares during the last quarter. RBF Capital LLC raised its stake in Origin Materials by 10.2% during the 3rd quarter. RBF Capital LLC now owns 176,314 shares of the financial services provider's stock valued at $272,000 after buying an additional 16,314 shares during the last quarter. Finally, US Bancorp DE raised its stake 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 valued at $43,000 after buying an additional 23,200 shares during the last quarter. 29.91% of the stock is currently owned by hedge funds and other institutional investors.

About Origin Materials

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.