Public Employees Retirement System of Ohio Boosts Stock Position in Origin Materials, Inc. (NASDAQ:ORGN)

Public Employees Retirement System of Ohio lifted its stake in Origin Materials, Inc. (NASDAQ:ORGN) by 20.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,331 shares of the financial services provider’s stock after acquiring an additional 26,600 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.11% of Origin Materials worth $238,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. boosted its stake in Origin Materials by 337.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,350,863 shares of the financial services provider’s stock worth $3,620,000 after purchasing an additional 1,813,047 shares during the period. AQR Capital Management LLC increased its holdings in shares of Origin Materials by 352.9% in the 2nd quarter. AQR Capital Management LLC now owns 98,969 shares of the financial services provider’s stock worth $89,000 after buying an additional 77,119 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new stake in shares of Origin Materials during the 3rd quarter worth $92,000. US Bancorp DE grew its position in Origin Materials by 464.0% in the third quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 23,200 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in Origin Materials in the second quarter valued at $50,000. 29.91% of the stock is currently owned by hedge funds and other institutional investors.

Origin Materials Stock Up 1.9 %

NASDAQ ORGN opened at $0.99 on Friday. The stock’s 50-day simple moving average is $1.25 and its two-hundred day simple moving average is $1.21. Origin Materials, Inc. has a twelve month low of $0.44 and a twelve month high of $1.90. The company has a market capitalization of $144.60 million, a price-to-earnings ratio of -1.73 and a beta of 0.95.

Insider Activity

In other Origin Materials news, CEO Richard J. Riley bought 300,000 shares of Origin Materials stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of $1.00 per share, with a total value of $300,000.00. Following the acquisition, the chief executive officer now owns 749,083 shares in the company, valued at approximately $749,083. This trade represents a 66.80 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew T. Plavan sold 120,000 shares of Origin Materials stock in a transaction on Monday, November 4th. The stock was sold at an average price of $1.32, for a total transaction of $158,400.00. Following the completion of the transaction, the chief financial officer now owns 1,223,088 shares in the company, valued at approximately $1,614,476.16. The trade was a 8.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 203,625 shares of company stock worth $250,875. 17.49% of the stock is currently owned by insiders.

Origin Materials Profile

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.