Public Employees Retirement System of Ohio Takes Position in Origin Materials, Inc. (NASDAQ:ORGN)

Public Employees Retirement System of Ohio acquired a new stake in shares of Origin Materials, Inc. (NASDAQ:ORGNFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 63,624 shares of the financial services provider’s stock, valued at approximately $81,000.

Other institutional investors have also modified their holdings of the company. Advisor Group Holdings Inc. lifted its stake in Origin Materials by 11.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 16,400 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 1,638 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Origin Materials by 3,005.3% during the 1st quarter. JPMorgan Chase & Co. now owns 17,638 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 17,070 shares during the last quarter. Raymond James & Associates acquired a new position in shares of Origin Materials during the 1st quarter worth approximately $68,000. Citigroup Inc. increased its position in shares of 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 purchasing an additional 273,489 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Origin Materials by 46.3% during the 1st quarter. Vanguard Group Inc. now owns 6,031,855 shares of the financial services provider’s stock worth $39,690,000 after purchasing an additional 1,909,567 shares during the last quarter. Institutional investors own 29.91% of the company’s stock.

Origin Materials Stock Down 1.4 %

NASDAQ:ORGN opened at $0.51 on Friday. The firm has a market capitalization of $74.42 million, a price-to-earnings ratio of 3.00 and a beta of 1.18. Origin Materials, Inc. has a twelve month low of $0.44 and a twelve month high of $5.04. The stock’s 50 day moving average price is $0.55 and its two-hundred day moving average price is $0.84. The company has a quick ratio of 14.48, a current ratio of 14.55 and a debt-to-equity ratio of 0.01.

Origin Materials (NASDAQ:ORGNGet Free Report) last posted its quarterly earnings results on Thursday, February 29th. The financial services provider reported ($0.09) earnings per share for the quarter. The company had revenue of $13.06 million for the quarter. Origin Materials had a negative return on equity of 11.11% and a net margin of 82.62%. Equities research analysts expect that Origin Materials, Inc. will post -0.38 earnings per share for the current fiscal year.

Origin Materials Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Origin Materials (NASDAQ:ORGN)

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