HighTower Advisors LLC Raises Stake in Origin Materials, Inc. (NASDAQ:ORGN)

HighTower Advisors LLC grew its holdings in Origin Materials, Inc. (NASDAQ:ORGN) by 1.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,045,038 shares of the financial services provider’s stock after acquiring an additional 12,985 shares during the quarter. HighTower Advisors LLC’s holdings in Origin Materials were worth $1,608,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in Origin Materials by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 5,899,099 shares of the financial services provider’s stock valued at $3,009,000 after acquiring an additional 48,889 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Origin Materials by 352.9% in the second quarter. AQR Capital Management LLC now owns 98,969 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 77,119 shares during the period. US Bancorp DE raised its stake in shares of Origin Materials by 464.0% during the third quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 23,200 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Origin Materials during the second quarter worth $50,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Origin Materials in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 29.91% of the company’s stock.

Origin Materials Stock Performance

Shares of Origin Materials stock opened at $1.15 on Monday. The company has a market cap of $168.19 million, a P/E ratio of -2.02 and a beta of 0.95. The firm has a fifty day moving average of $1.29 and a two-hundred day moving average of $1.21. Origin Materials, Inc. has a one year low of $0.44 and a one year high of $1.90.

Insider Buying and Selling

In other Origin Materials news, CEO Richard J. Riley bought 300,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average cost of $1.00 per share, with a total value of $300,000.00. Following the purchase, the chief executive officer now owns 749,083 shares in the company, valued at approximately $749,083. This represents a 66.80 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Matthew T. Plavan sold 120,000 shares of Origin Materials stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $1.32, for a total value of $158,400.00. Following the completion of the sale, the chief financial officer now owns 1,223,088 shares in the company, valued at approximately $1,614,476.16. This trade represents a 8.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.49% of the stock is currently owned by corporate 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.