Mutual of America Capital Management LLC lifted its stake in Orion S.A. (NYSE:OEC - Free Report) by 16.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 377,198 shares of the specialty chemicals company's stock after purchasing an additional 52,807 shares during the period. Mutual of America Capital Management LLC owned about 0.65% of Orion worth $6,718,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MQS Management LLC acquired a new stake in Orion in the third quarter valued at $190,000. Victory Capital Management Inc. raised its stake in Orion by 20.2% in the third quarter. Victory Capital Management Inc. now owns 1,179,181 shares of the specialty chemicals company's stock valued at $21,001,000 after buying an additional 198,182 shares in the last quarter. GSA Capital Partners LLP raised its stake in Orion by 103.8% in the third quarter. GSA Capital Partners LLP now owns 128,501 shares of the specialty chemicals company's stock valued at $2,289,000 after buying an additional 65,453 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Orion by 24.6% in the third quarter. Janney Montgomery Scott LLC now owns 42,163 shares of the specialty chemicals company's stock valued at $751,000 after buying an additional 8,321 shares in the last quarter. Finally, Roubaix Capital LLC increased 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. 94.33% of the stock is currently owned by hedge funds and other institutional investors.
Orion Stock Performance
OEC traded down $0.47 during trading on Wednesday, reaching $17.47. The company's stock had a trading volume of 212,765 shares, compared to its average volume of 448,910. Orion S.A. has a 52-week low of $14.94 and a 52-week high of $28.48. The company's fifty day moving average price is $16.69 and its 200-day moving average price is $19.95. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 33.84 and a beta of 1.48. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 1.24.
Orion (NYSE:OEC - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). The firm had revenue of $463.40 million for the quarter, compared to analysts' expectations of $489.01 million. Orion had a return on equity of 18.97% and a net margin of 1.67%. On average, equities analysts forecast that Orion S.A. will post 1.68 earnings per share for the current fiscal year.
Orion Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Friday, December 13th will be given a dividend of $0.021 per share. This is an increase from Orion's previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, December 13th. Orion's payout ratio is currently 15.09%.
Wall Street Analysts Forecast Growth
OEC has been the topic of a number of research analyst reports. StockNews.com cut Orion from a "buy" rating to a "hold" rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. upgraded Orion from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $20.00 to $21.00 in a research report on Monday, November 11th.
View Our Latest Stock Report on Orion
Insider Buying and Selling
In related news, CEO Corning F. Painter acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average cost of $17.69 per share, for a total transaction of $176,900.00. Following the transaction, the chief executive officer now directly owns 958,776 shares of the company's stock, valued at approximately $16,960,747.44. This trade represents a 1.05 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.20% of the company's stock.
Orion Company Profile
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Free Report)
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.
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