Roubaix Capital LLC Purchases 124,986 Shares of Orion S.A. (NYSE:OEC)

Roubaix Capital LLC increased its stake in shares of Orion S.A. (NYSE:OEC - Free Report) by 68.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 308,303 shares of the specialty chemicals company's stock after acquiring an additional 124,986 shares during the period. Orion comprises 3.0% of Roubaix Capital LLC's holdings, making the stock its 5th largest position. Roubaix Capital LLC owned approximately 0.53% of Orion worth $5,491,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its holdings in Orion by 207.0% in the second quarter. CWM LLC now owns 2,094 shares of the specialty chemicals company's stock valued at $46,000 after purchasing an additional 1,412 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Orion in the second quarter valued at approximately $54,000. nVerses Capital LLC acquired a new stake in Orion in the third quarter valued at approximately $69,000. Lazard Asset Management LLC grew its holdings in Orion by 1,375.1% in the first quarter. Lazard Asset Management LLC now owns 3,791 shares of the specialty chemicals company's stock valued at $89,000 after purchasing an additional 3,534 shares during the period. Finally, Quarry LP grew its holdings in Orion by 76.9% in the second quarter. Quarry LP now owns 4,776 shares of the specialty chemicals company's stock valued at $105,000 after purchasing an additional 2,076 shares during the period. 94.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Dan F. Smith acquired 2,500 shares of the stock in a transaction on Friday, August 9th. The shares were bought at an average price of $18.53 per share, with a total value of $46,325.00. Following the completion of the purchase, the director now owns 78,772 shares of the company's stock, valued at approximately $1,459,645.16. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Orion news, CFO Jeffrey Glajch purchased 15,000 shares of the firm's stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $18.16 per share, with a total value of $272,400.00. Following the purchase, the chief financial officer now directly owns 101,855 shares in the company, valued at approximately $1,849,686.80. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dan F. Smith purchased 2,500 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of $18.53 per share, for a total transaction of $46,325.00. Following the purchase, the director now owns 78,772 shares in the company, valued at approximately $1,459,645.16. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 47,500 shares of company stock valued at $845,225. Insiders own 2.20% of the company's stock.

Wall Street Analysts Forecast Growth

OEC has been the topic of a number of research analyst reports. StockNews.com lowered Orion from a "buy" rating to a "hold" rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. dropped their price target on Orion from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th.

Orion Price Performance

Shares of OEC traded down $0.27 during trading hours on Thursday, hitting $15.00. 356,330 shares of the stock were exchanged, compared to its average volume of 431,275. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.80 and a current ratio of 1.39. Orion S.A. has a 12-month low of $14.94 and a 12-month high of $28.48. The company has a market cap of $875.40 million, a price-to-earnings ratio of 11.57 and a beta of 1.46. The stock's 50-day moving average price is $16.98 and its two-hundred day moving average price is $20.68.

Orion (NYSE:OEC - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The specialty chemicals company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.18). The firm had revenue of $477.00 million for the quarter, compared to analysts' expectations of $491.14 million. Orion had a return on equity of 19.21% and a net margin of 4.09%. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Research analysts expect that Orion S.A. will post 1.85 earnings per share for the current year.

Orion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.021 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.56%. This is a positive change from Orion's previous quarterly dividend of $0.02. Orion's payout ratio is 6.06%.

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.