Stephen Galowitz Sells 125,000 Shares of Origin Materials, Inc. (NASDAQ:ORGN) Stock

Origin Materials, Inc. (NASDAQ:ORGN – Get Rating) insider Stephen Galowitz sold 125,000 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $6.00, for a total value of $750,000.00. Following the completion of the sale, the insider now directly owns 163,265 shares of the company’s stock, valued at approximately $979,590. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Origin Materials Price Performance

Shares of NASDAQ:ORGN opened at $6.68 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 61.85 and a quick ratio of 61.85. The business has a 50-day moving average of $5.81 and a two-hundred day moving average of $5.98. The stock has a market capitalization of $944.77 million, a P/E ratio of 10.77 and a beta of 0.97. Origin Materials, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $8.10.

Origin Materials (NASDAQ:ORGN – Get Rating) last posted its quarterly earnings data on Monday, May 9th. The financial services provider reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). On average, equities research analysts predict that Origin Materials, Inc. will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Origin Materials

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Origin Materials by 46.3% during the first quarter. Vanguard Group Inc. now owns 6,031,855 shares of the financial services provider’s stock valued at $39,690,000 after purchasing an additional 1,909,567 shares in the last quarter. Clearline Capital LP lifted its holdings in Origin Materials by 175.6% during the 4th quarter. Clearline Capital LP now owns 1,039,324 shares of the financial services provider’s stock worth $4,576,000 after buying an additional 662,278 shares in the last quarter. Candriam S.C.A. acquired a new position in Origin Materials during the 2nd quarter worth $2,823,000. Bank of America Corp DE lifted its holdings in Origin Materials by 2,099.5% during the 1st quarter. Bank of America Corp DE now owns 456,063 shares of the financial services provider’s stock worth $3,001,000 after buying an additional 435,328 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in Origin Materials by 183.1% during the 1st quarter. Citigroup Inc. now owns 422,883 shares of the financial services provider’s stock worth $2,783,000 after buying an additional 273,489 shares in the last quarter. 35.22% of the stock is currently owned by institutional investors.

About Origin Materials

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Micromidas, Inc, doing business as Origin Materials, produces and commercializes plant-based PET plastic. It develops a platform for turning the carbon found in biomass into useful materials, while capturing carbon in the process. The company serves tire filler, carbon black, agriculture, and activated carbon markets.