nVerses Capital LLC Buys New Holdings in Orion S.A. (NYSE:OEC)

nVerses Capital LLC purchased a new position in shares of Orion S.A. (NYSE:OEC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,900 shares of the specialty chemicals company’s stock, valued at approximately $69,000.

Several other institutional investors and hedge funds have also bought and sold shares of OEC. William Blair Investment Management LLC boosted its stake in shares of Orion by 3.8% in the second quarter. William Blair Investment Management LLC now owns 2,724,139 shares of the specialty chemicals company’s stock worth $59,768,000 after buying an additional 99,613 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Orion by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,877,706 shares of the specialty chemicals company’s stock worth $41,197,000 after purchasing an additional 80,266 shares in the last quarter. Vanguard Group Inc. boosted its position in Orion by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 1,807,942 shares of the specialty chemicals company’s stock worth $42,523,000 after purchasing an additional 77,952 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Orion by 18.6% during the 2nd quarter. American Century Companies Inc. now owns 1,347,138 shares of the specialty chemicals company’s stock worth $29,556,000 after purchasing an additional 210,990 shares during the period. Finally, Divisar Capital Management LLC increased its holdings in shares of Orion by 7.3% during the 2nd quarter. Divisar Capital Management LLC now owns 805,082 shares of the specialty chemicals company’s stock valued at $17,663,000 after purchasing an additional 55,000 shares in the last quarter. 94.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OEC has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Orion from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. dropped their target price on Orion from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

Orion Trading Down 2.0 %

Shares of NYSE:OEC opened at $16.80 on Tuesday. The business’s 50 day moving average price is $17.20 and its 200-day moving average price is $21.11. Orion S.A. has a 1 year low of $15.54 and a 1 year high of $28.48. The firm has a market capitalization of $979.57 million, a price-to-earnings ratio of 11.35 and a beta of 1.46. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.39 and a quick ratio of 0.80.

Orion (NYSE:OEC) last posted its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.18). The company had revenue of $477.00 million for the quarter, compared to analysts’ expectations of $491.14 million. Orion had a net margin of 4.09% and a return on equity of 19.21%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. On average, equities research analysts forecast that Orion S.A. will post 1.85 earnings per share for the current fiscal year.

Orion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Friday, December 13th will be issued a $0.021 dividend. This represents a $0.08 annualized dividend and a yield of 0.50%. This is a boost from Orion’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, December 13th. Orion’s payout ratio is presently 5.41%.

Insiders Place Their Bets

In other news, CEO Corning F. Painter purchased 20,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $17.48 per share, with a total value of $349,600.00. Following the completion of the purchase, the chief executive officer now directly owns 948,776 shares of the company’s stock, valued at approximately $16,584,604.48. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Corning F. Painter acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $17.48 per share, for a total transaction of $349,600.00. Following the acquisition, the chief executive officer now owns 948,776 shares of the company’s stock, valued at approximately $16,584,604.48. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Corning F. Painter bought 10,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were acquired at an average cost of $17.69 per share, with a total value of $176,900.00. Following the acquisition, the chief executive officer now directly owns 958,776 shares of the company’s stock, valued at approximately $16,960,747.44. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 47,500 shares of company stock worth $845,225. Corporate insiders own 6.30% of the company’s stock.

Orion Company Profile

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.