GAMMA Investing LLC Has $310,000 Stock Holdings in Orion S.A. (NYSE:OEC)

GAMMA Investing LLC increased its stake in shares of Orion S.A. (NYSE:OEC) by 85,560.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,985 shares of the specialty chemicals company’s stock after purchasing an additional 23,957 shares during the quarter. GAMMA Investing LLC’s holdings in Orion were worth $310,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers increased its position in Orion by 2.9% in the 4th quarter. Rhumbline Advisers now owns 79,177 shares of the specialty chemicals company’s stock valued at $1,250,000 after acquiring an additional 2,245 shares during the period. New York State Common Retirement Fund increased its position in Orion by 414.7% in the 4th quarter. New York State Common Retirement Fund now owns 239,693 shares of the specialty chemicals company’s stock valued at $3,785,000 after acquiring an additional 193,126 shares during the period. Charles Schwab Investment Management Inc. increased its position in Orion by 9.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 960,349 shares of the specialty chemicals company’s stock valued at $15,164,000 after acquiring an additional 85,074 shares during the period. Raymond James Financial Inc. acquired a new position in Orion in the 4th quarter valued at approximately $1,531,000. Finally, Isthmus Partners LLC increased its position in Orion by 4.7% in the 4th quarter. Isthmus Partners LLC now owns 140,037 shares of the specialty chemicals company’s stock valued at $2,211,000 after acquiring an additional 6,230 shares during the period. 94.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut shares of Orion from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $18.00 to $12.00 in a research report on Thursday, April 24th. UBS Group decreased their price target on shares of Orion from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, May 8th.

Orion Trading Down 0.3%

NYSE:OEC opened at $10.10 on Friday. The firm’s fifty day moving average is $11.29 and its 200-day moving average is $13.34. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 1.14. Orion S.A. has a 52 week low of $9.59 and a 52 week high of $24.85. The firm has a market cap of $568.27 million, a P/E ratio of 21.95 and a beta of 1.10.

Orion (NYSE:OEC) last posted its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.31). Orion had a net margin of 1.44% and a return on equity of 17.66%. The firm had revenue of $477.70 million during the quarter, compared to the consensus estimate of $486.06 million. During the same period in the prior year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. Equities analysts expect that Orion S.A. will post 1.73 earnings per share for the current year.

Orion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be paid a $0.0207 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Wednesday, June 11th. Orion’s dividend payout ratio is currently 17.39%.

About Orion

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.