GAMMA Investing LLC Makes New Investment in Orion Office REIT Inc. (NYSE:ONL)

GAMMA Investing LLC purchased a new position in shares of Orion Office REIT Inc. (NYSE:ONL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,207 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds also recently modified their holdings of the business. Oak Thistle LLC acquired a new position in Orion Office REIT during the 4th quarter valued at $68,000. SG Americas Securities LLC lifted its stake in shares of Orion Office REIT by 18.6% in the fourth quarter. SG Americas Securities LLC now owns 31,130 shares of the company’s stock valued at $178,000 after buying an additional 4,872 shares during the period. Public Employees Retirement System of Ohio grew its position in Orion Office REIT by 8.1% during the third quarter. Public Employees Retirement System of Ohio now owns 81,348 shares of the company’s stock worth $424,000 after buying an additional 6,072 shares in the last quarter. Laurion Capital Management LP acquired a new stake in Orion Office REIT during the third quarter worth about $118,000. Finally, Samalin Investment Counsel LLC raised its holdings in Orion Office REIT by 40.5% in the 3rd quarter. Samalin Investment Counsel LLC now owns 37,332 shares of the company’s stock valued at $195,000 after acquiring an additional 10,753 shares in the last quarter. 79.95% of the stock is owned by institutional investors.

Orion Office REIT Trading Up 1.5 %

Shares of ONL stock opened at $3.45 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53. Orion Office REIT Inc. has a 12 month low of $3.01 and a 12 month high of $7.07. The stock has a 50 day moving average of $3.39 and a two-hundred day moving average of $4.58.

Orion Office REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 11.59%. Orion Office REIT’s dividend payout ratio is currently -39.22%.

About Orion Office REIT

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.