Sei Investments Co. Sells 58,566 Shares of Orion S.A. (NYSE:OEC)

Sei Investments Co. reduced its stake in Orion S.A. (NYSE:OEC - Free Report) by 59.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,295 shares of the specialty chemicals company's stock after selling 58,566 shares during the quarter. Sei Investments Co. owned about 0.07% of Orion worth $620,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Orion during the 3rd quarter valued at about $27,000. SG Americas Securities LLC boosted its holdings in shares of Orion by 18.0% during the 4th quarter. SG Americas Securities LLC now owns 23,911 shares of the specialty chemicals company's stock worth $378,000 after buying an additional 3,646 shares in the last quarter. Inspire Investing LLC grew its position in shares of Orion by 9.2% during the 4th quarter. Inspire Investing LLC now owns 25,351 shares of the specialty chemicals company's stock worth $400,000 after buying an additional 2,138 shares during the period. XTX Topco Ltd bought a new stake in shares of Orion in the 3rd quarter valued at $415,000. Finally, Verition Fund Management LLC lifted its position in shares of Orion by 122.8% during the 3rd quarter. Verition Fund Management LLC now owns 25,627 shares of the specialty chemicals company's stock valued at $456,000 after acquiring an additional 14,125 shares during the period. 94.33% of the stock is currently owned by institutional investors.

Insider Activity at Orion

In other news, VP Carlos Quinones bought 3,300 shares of Orion stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $13.07 per share, for a total transaction of $43,131.00. Following the purchase, the vice president now directly owns 79,702 shares in the company, valued at $1,041,705.14. The trade was a 4.32 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of Orion from $23.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. cut their price target on Orion from $21.00 to $18.00 and set an "overweight" rating on the stock in a report on Friday, February 21st.

Orion Stock Down 0.9 %

Shares of NYSE OEC traded down $0.11 during mid-day trading on Tuesday, reaching $11.65. 51,817 shares of the company's stock traded hands, compared to its average volume of 564,505. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.24 and a quick ratio of 0.71. The business has a 50-day simple moving average of $13.32 and a 200 day simple moving average of $15.26. The stock has a market cap of $660.08 million, a P/E ratio of 15.53 and a beta of 1.25. Orion S.A. has a 1-year low of $10.49 and a 1-year high of $26.05.

Orion (NYSE:OEC - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.10. The business had revenue of $434.20 million during the quarter, compared to the consensus estimate of $437.03 million. Orion had a return on equity of 20.94% and a net margin of 2.35%. On average, analysts expect that Orion S.A. will post 1.73 EPS for the current fiscal year.

Orion Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 13th were issued a dividend of $0.0207 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.08 annualized dividend and a yield of 0.71%. Orion's dividend payout ratio (DPR) is currently 10.67%.

Orion Company 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.