52,500 Shares in Origin Materials, Inc. (NASDAQ:ORGN) Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC acquired a new stake in Origin Materials, Inc. (NASDAQ:ORGN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 52,500 shares of the financial services provider’s stock, valued at approximately $67,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Personalized Indexing Management LLC acquired a new position in Origin Materials in the 2nd quarter valued at about $31,000. US Bancorp DE grew its position in Origin Materials by 464.0% in the 3rd quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock valued at $43,000 after buying an additional 23,200 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Origin Materials in the 2nd quarter valued at $50,000. AQR Capital Management LLC raised its position in Origin Materials by 352.9% during 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. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Origin Materials in the 3rd quarter worth $92,000. 29.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Origin Materials

In other news, CEO Richard J. Riley acquired 300,000 shares of Origin Materials stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of $1.00 per share, with a total value of $300,000.00. Following the completion of the acquisition, the chief executive officer now owns 749,083 shares in the company, valued at $749,083. This trade represents a 66.80 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Joshua C. Lee sold 25,000 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $1.02, for a total value of $25,500.00. Following the completion of the sale, the general counsel now directly owns 629,785 shares in the company, valued at $642,380.70. This trade represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 309,525 shares of company stock valued at $358,045 in the last ninety days. 17.49% of the stock is currently owned by company insiders.

Origin Materials Price Performance

Shares of ORGN stock opened at $1.06 on Thursday. The business’s fifty day moving average price is $1.16 and its 200 day moving average price is $1.23. The firm has a market capitalization of $155.03 million, a PE ratio of -1.86 and a beta of 0.92. Origin Materials, Inc. has a 1-year low of $0.44 and a 1-year high of $1.90.

Analyst Ratings Changes

Separately, Bank of America downgraded shares of Origin Materials from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $2.50 to $1.50 in a research report on Tuesday.

About Origin Materials

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.