Orion Group Holdings, Inc. (NYSE:ORN) Shares Acquired by Northeast Financial Consultants Inc

Northeast Financial Consultants Inc boosted its position in Orion Group Holdings, Inc. (NYSE:ORN) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,060 shares of the construction company’s stock after buying an additional 10,695 shares during the quarter. Northeast Financial Consultants Inc owned 0.44% of Orion Group worth $1,389,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORN. G2 Investment Partners Management LLC raised its position in shares of Orion Group by 715.1% in the 4th quarter. G2 Investment Partners Management LLC now owns 481,974 shares of the construction company’s stock valued at $2,381,000 after purchasing an additional 422,842 shares in the last quarter. Empowered Funds LLC raised its holdings in Orion Group by 8.2% in the first quarter. Empowered Funds LLC now owns 220,191 shares of the construction company’s stock valued at $1,806,000 after acquiring an additional 16,625 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in Orion Group during the 1st quarter valued at $83,000. Russell Investments Group Ltd. grew its holdings in Orion Group by 4.6% during the 1st quarter. Russell Investments Group Ltd. now owns 659,197 shares of the construction company’s stock worth $5,405,000 after acquiring an additional 28,712 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Orion Group in the 1st quarter worth about $216,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley lifted their price target on Orion Group from $9.50 to $12.50 and gave the stock a “buy” rating in a research note on Tuesday, June 4th.

Orion Group Price Performance

Shares of NYSE:ORN opened at $5.69 on Friday. The company’s fifty day moving average is $7.23 and its two-hundred day moving average is $8.32. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 1.32. Orion Group Holdings, Inc. has a 1-year low of $4.09 and a 1-year high of $12.12.

Orion Group (NYSE:ORN) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.19). The business had revenue of $192.17 million for the quarter, compared to analyst estimates of $194.83 million. Orion Group had a negative return on equity of 4.81% and a negative net margin of 2.45%. During the same quarter last year, the company earned ($0.14) EPS. Equities research analysts forecast that Orion Group Holdings, Inc. will post 0.03 EPS for the current fiscal year.

Insider Activity at Orion Group

In other news, CEO Travis J. Boone bought 3,700 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $6.79 per share, for a total transaction of $25,123.00. Following the transaction, the chief executive officer now owns 488,719 shares in the company, valued at $3,318,402.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mary E. Sullivan acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $6.80 per share, for a total transaction of $68,000.00. Following the completion of the purchase, the director now directly owns 256,187 shares in the company, valued at $1,742,071.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Travis J. Boone bought 3,700 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $6.79 per share, with a total value of $25,123.00. Following the transaction, the chief executive officer now directly owns 488,719 shares in the company, valued at $3,318,402.01. The disclosure for this purchase can be found here. Insiders have bought a total of 33,953 shares of company stock worth $216,658 in the last ninety days. 7.30% of the stock is owned by insiders.

Orion Group Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.