Bailard Inc. Buys Shares of 33,922 Orion Group Holdings, Inc. (NYSE:ORN)

Bailard Inc. acquired a new stake in Orion Group Holdings, Inc. (NYSE:ORN) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,922 shares of the construction company’s stock, valued at approximately $323,000. Bailard Inc. owned 0.10% of Orion Group at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Lazard Asset Management LLC bought a new stake in shares of Orion Group in the 1st quarter valued at $41,000. AJOVista LLC acquired a new position in Orion Group in the fourth quarter valued at about $51,000. Tower Research Capital LLC TRC raised its position in shares of Orion Group by 2,851.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,448 shares of the construction company’s stock worth $52,000 after purchasing an additional 10,094 shares during the period. Jump Financial LLC bought a new position in shares of Orion Group during the 4th quarter valued at about $82,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Orion Group in the 1st quarter valued at approximately $83,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Insider Transactions at Orion Group

In other Orion Group news, Director Mary E. Sullivan purchased 10,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $6.80 per share, with a total value of $68,000.00. Following the completion of the purchase, the director now owns 256,187 shares in the company, valued at $1,742,071.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Mary E. Sullivan bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $6.80 per share, with a total value of $68,000.00. Following the transaction, the director now directly owns 256,187 shares of the company’s stock, valued at approximately $1,742,071.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Travis J. Boone purchased 3,700 shares of the business’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 acquisition, the chief executive officer now owns 488,719 shares of the company’s stock, valued at approximately $3,318,402.01. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 14,200 shares of company stock valued at $97,358. Corporate insiders own 7.30% of the company’s stock.

Orion Group Trading Up 1.8 %

Shares of ORN stock opened at $7.98 on Tuesday. Orion Group Holdings, Inc. has a twelve month low of $4.09 and a twelve month high of $12.12. The stock’s fifty day simple moving average is $8.66 and its 200 day simple moving average is $8.38. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $262.19 million, a P/E ratio of -22.80, a P/E/G ratio of 4.47 and a beta of 0.83.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.19). The company had revenue of $192.17 million during the quarter, compared to analyst estimates of $194.83 million. Orion Group had a negative net margin of 2.45% and a negative return on equity of 4.81%. During the same quarter in the previous year, the company earned ($0.14) earnings per share. As a group, sell-side analysts predict that Orion Group Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Craig Hallum began coverage on Orion Group in a research report on Tuesday, May 14th. They issued a “buy” rating and a $14.00 target price on the stock. B. Riley boosted their target price on shares of Orion Group from $9.50 to $12.50 and gave the stock a “buy” rating in a report on Tuesday, June 4th.

About Orion Group

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.