3,900 Shares in Orion S.A. (NYSE:OEC) Acquired by nVerses Capital LLC

nVerses Capital LLC bought a new stake in Orion S.A. (NYSE:OEC) in the 3rd quarter, HoldingsChannel reports. The firm bought 3,900 shares of the specialty chemicals company’s stock, valued at approximately $69,000.

A number of other hedge funds and other institutional investors have also modified their holdings of OEC. O Shaughnessy Asset Management LLC grew its holdings in shares of Orion by 315.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 54,494 shares of the specialty chemicals company’s stock valued at $1,282,000 after purchasing an additional 41,372 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of Orion by 94.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 270,832 shares of the specialty chemicals company’s stock valued at $6,370,000 after buying an additional 131,902 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Orion by 51.8% during the 1st quarter. BNP Paribas Financial Markets now owns 67,503 shares of the specialty chemicals company’s stock worth $1,588,000 after buying an additional 23,026 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Orion by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 1,807,942 shares of the specialty chemicals company’s stock valued at $42,523,000 after buying an additional 77,952 shares during the period. Finally, Divisar Capital Management LLC lifted its holdings in Orion by 7.3% in the second quarter. Divisar Capital Management LLC now owns 805,082 shares of the specialty chemicals company’s stock valued at $17,663,000 after acquiring an additional 55,000 shares during the last quarter. 94.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Orion

In other Orion news, CEO Corning F. Painter acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average price of $17.48 per share, for a total transaction of $349,600.00. Following the completion of the acquisition, the chief executive officer now owns 948,776 shares of the company’s stock, valued at approximately $16,584,604.48. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Corning F. Painter purchased 10,000 shares of Orion stock in a transaction on Thursday, August 22nd. The shares were bought at an average price of $17.69 per share, with a total value 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 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Corning F. Painter acquired 20,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of $17.48 per share, with a total value of $349,600.00. Following the completion of the transaction, the chief executive officer now owns 948,776 shares of the company’s stock, valued at approximately $16,584,604.48. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 47,500 shares of company stock valued at $845,225. 6.30% of the stock is currently owned by corporate insiders.

Orion Stock Down 2.0 %

Orion stock opened at $16.80 on Tuesday. The company has a market capitalization of $979.57 million, a PE ratio of 11.35 and a beta of 1.46. 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 fifty-two week low of $15.54 and a fifty-two week high of $28.48. The firm has a 50 day moving average price of $17.20 and a 200 day moving average price of $21.11.

Orion (NYSE:OEC) last released 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 company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 firm also recently declared 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 is Friday, December 13th. This is a positive change from Orion’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a yield of 0.50%. Orion’s dividend payout ratio is 5.41%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com cut Orion from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price objective on shares of Orion from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

About Orion

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.