Charles Schwab Investment Management Inc. Makes New $92,000 Investment in Origin Materials, Inc. (NASDAQ:ORGN)

Charles Schwab Investment Management Inc. purchased a new position in Origin Materials, Inc. (NASDAQ:ORGN) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 60,000 shares of the financial services provider’s stock, valued at approximately $92,000.

Other large investors also recently made changes to their positions in the company. PBMares Wealth Management LLC raised its stake in shares of Origin Materials by 14.0% in the 3rd quarter. PBMares Wealth Management LLC now owns 65,000 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 8,000 shares in the last quarter. US Bancorp DE raised its position in shares of Origin Materials by 464.0% in the third quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 23,200 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Origin Materials in the second quarter worth $31,000. Point72 DIFC Ltd bought a new stake in shares of Origin Materials during the 2nd quarter worth $50,000. Finally, AQR Capital Management LLC grew its stake in Origin Materials by 352.9% in the 2nd quarter. AQR Capital Management LLC now owns 98,969 shares of the financial services provider’s stock valued at $89,000 after buying an additional 77,119 shares during the last quarter. Institutional investors own 29.91% of the company’s stock.

Insider Buying and Selling

In other news, CEO John Bissell sold 36,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $1.14, for a total transaction of $41,040.00. Following the completion of the transaction, the chief executive officer now owns 1,581,230 shares of the company’s stock, valued at approximately $1,802,602.20. This represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Joshua C. Lee sold 47,625 shares of Origin Materials stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $1.08, for a total value of $51,435.00. Following the sale, the general counsel now directly owns 429,785 shares in the company, valued at approximately $464,167.80. This trade represents a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 203,625 shares of company stock valued at $250,875. Insiders own 17.49% of the company’s stock.

Origin Materials Price Performance

Origin Materials stock opened at $0.99 on Friday. Origin Materials, Inc. has a fifty-two week low of $0.44 and a fifty-two week high of $1.90. The firm has a fifty day moving average price of $1.26 and a two-hundred day moving average price of $1.21. The firm has a market cap of $144.60 million, a price-to-earnings ratio of -1.73 and a beta of 0.95.

About Origin Materials

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.