Two Sigma Investments LP Grows Stake in Orion Office REIT Inc. (NYSE:ONL)

Two Sigma Investments LP lifted its position in Orion Office REIT Inc. (NYSE:ONL) by 123.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,225 shares of the company’s stock after buying an additional 86,979 shares during the period. Two Sigma Investments LP owned approximately 0.28% of Orion Office REIT worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ONL. Allworth Financial LP boosted its stake in shares of Orion Office REIT by 1,215.5% in the 4th quarter. Allworth Financial LP now owns 7,564 shares of the company’s stock worth $30,000 after buying an additional 6,989 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Orion Office REIT in the 4th quarter worth $32,000. Evoke Wealth LLC purchased a new position in shares of Orion Office REIT in the 4th quarter worth $43,000. Lazard Asset Management LLC purchased a new position in shares of Orion Office REIT in the 4th quarter worth $45,000. Finally, State of Wyoming purchased a new position in shares of Orion Office REIT in the 4th quarter worth $49,000. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Orion Office REIT Stock Performance

ONL stock opened at $2.10 on Monday. The company has a market cap of $117.73 million, a P/E ratio of -1.36 and a beta of 1.35. Orion Office REIT Inc. has a 1 year low of $1.46 and a 1 year high of $4.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. The stock’s fifty day moving average price is $1.83 and its 200-day moving average price is $3.01.

Orion Office REIT (NYSE:ONL) last released its earnings results on Wednesday, May 7th. The company reported $0.19 earnings per share for the quarter. The company had revenue of $38.00 million for the quarter. Orion Office REIT had a negative return on equity of 10.28% and a negative net margin of 50.76%.

Insider Activity at Orion Office REIT

In other Orion Office REIT news, insider Paul H. Mcdowell purchased 12,000 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were acquired at an average cost of $2.48 per share, with a total value of $29,760.00. Following the completion of the acquisition, the insider now directly owns 293,895 shares in the company, valued at $728,859.60. The trade was a 4.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Reginald Harold Gilyard purchased 40,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $2.35 per share, for a total transaction of $94,000.00. Following the completion of the acquisition, the director now owns 109,647 shares of the company’s stock, valued at approximately $257,670.45. This trade represents a 57.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 61,446 shares of company stock worth $147,092. Corporate insiders own 0.16% of the company’s stock.

Orion Office REIT Profile

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.