Sanctuary Advisors LLC Takes Position in Orion Group Holdings, Inc. (NYSE:ORN)

Sanctuary Advisors LLC bought a new position in Orion Group Holdings, Inc. (NYSE:ORN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 31,881 shares of the construction company’s stock, valued at approximately $303,000. Sanctuary Advisors LLC owned about 0.10% of Orion Group at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Empowered Funds LLC grew its stake in shares of Orion Group by 8.2% during the first quarter. Empowered Funds LLC now owns 220,191 shares of the construction company’s stock valued at $1,806,000 after buying an additional 16,625 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Orion Group during the 1st quarter worth approximately $83,000. Russell Investments Group Ltd. increased its stake in Orion Group by 4.6% in the 1st quarter. Russell Investments Group Ltd. now owns 659,197 shares of the construction company’s stock worth $5,405,000 after purchasing an additional 28,712 shares during the period. Hillsdale Investment Management Inc. bought a new stake in Orion Group in the first quarter valued at approximately $216,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Orion Group during the first quarter valued at approximately $197,000. Institutional investors own 70.25% of the company’s stock.

Insider Activity at Orion Group

In other Orion Group news, CEO Travis J. Boone purchased 3,700 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $6.79 per share, for a total transaction of $25,123.00. Following the purchase, the chief executive officer now directly owns 488,719 shares in the company, valued at $3,318,402.01. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Travis J. Boone purchased 3,700 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $6.79 per share, for a total transaction of $25,123.00. Following the purchase, the chief executive officer now directly owns 488,719 shares in the company, valued at approximately $3,318,402.01. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary E. Sullivan purchased 10,000 shares of Orion Group stock in a transaction that occurred 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 transaction, the director now directly owns 256,187 shares of the company’s stock, valued at $1,742,071.60. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 33,953 shares of company stock worth $216,658 over the last ninety days. 7.30% of the stock is owned by corporate insiders.

Orion Group Stock Up 4.4 %

Orion Group stock opened at $5.90 on Friday. Orion Group Holdings, Inc. has a 1-year low of $4.09 and a 1-year high of $12.12. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average of $6.47 and a 200-day moving average of $8.04.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.19). Orion Group had a negative return on equity of 4.81% and a negative net margin of 2.45%. The business had revenue of $192.17 million during the quarter, compared to analysts’ expectations of $194.83 million. During the same period in the previous year, the business earned ($0.14) EPS. On average, equities analysts expect that Orion Group Holdings, Inc. will post 0.03 earnings per share for the current fiscal year.

Orion Group Company Profile

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.