16,300 Shares in Orion S.A. (NYSE:OEC) Bought by Denali Advisors LLC

Denali Advisors LLC acquired a new stake in Orion S.A. (NYSE:OEC) during the first quarter, HoldingsChannel reports. The firm acquired 16,300 shares of the specialty chemicals company’s stock, valued at approximately $383,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bourgeon Capital Management LLC acquired a new position in Orion in the 4th quarter valued at about $28,000. Teza Capital Management LLC acquired a new position in shares of Orion in the third quarter valued at approximately $208,000. HBK Sorce Advisory LLC purchased a new stake in shares of Orion during the fourth quarter worth approximately $247,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Orion during the first quarter worth $271,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of Orion during the fourth quarter worth $318,000. 94.33% of the stock is owned by hedge funds and other institutional investors.

Orion Trading Down 0.0 %

NYSE:OEC opened at $21.35 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.85 and a current ratio of 1.45. Orion S.A. has a 1 year low of $19.32 and a 1 year high of $28.48. The stock has a fifty day moving average price of $23.87 and a two-hundred day moving average price of $23.86. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 14.43 and a beta of 1.53.

Orion (NYSE:OEC) last issued its earnings results on Thursday, May 2nd. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.11). The company had revenue of $502.90 million during the quarter, compared to analysts’ expectations of $506.38 million. Orion had a net margin of 4.64% and a return on equity of 21.07%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the business posted $0.74 earnings per share. As a group, sell-side analysts anticipate that Orion S.A. will post 2.13 earnings per share for the current fiscal year.

Orion Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, July 1st will be issued a dividend of $0.0207 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.08 annualized dividend and a yield of 0.39%. Orion’s dividend payout ratio is presently 5.41%.

Insiders Place Their Bets

In other news, VP Carlos Quinones purchased 4,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was acquired at an average price of $23.51 per share, for a total transaction of $94,040.00. Following the completion of the transaction, the vice president now directly owns 69,702 shares in the company, valued at approximately $1,638,694.02. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other Orion news, VP Carlos Quinones acquired 4,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was acquired at an average cost of $23.51 per share, with a total value of $94,040.00. Following the purchase, the vice president now directly owns 69,702 shares in the company, valued at approximately $1,638,694.02. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Sandra Niewiem sold 8,305 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $24.21, for a total value of $201,064.05. Following the completion of the transaction, the vice president now directly owns 14,099 shares of the company’s stock, valued at $341,336.79. The disclosure for this sale can be found here. 6.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

OEC has been the topic of several recent research reports. Mizuho boosted their price objective on shares of Orion from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. StockNews.com raised shares of Orion from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.25.

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.