State Street Corp Purchases 10,000 Shares of Origin Materials, Inc. (NASDAQ:ORGN)

State Street Corp raised its position in Origin Materials, Inc. (NASDAQ:ORGN) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 480,194 shares of the financial services provider’s stock after buying an additional 10,000 shares during the quarter. State Street Corp owned about 0.33% of Origin Materials worth $739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE increased its stake in 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 acquiring an additional 23,200 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Origin Materials in the 2nd quarter valued at $31,000. Point72 DIFC Ltd bought a new position in shares of Origin Materials in the 2nd quarter valued at $50,000. Charles Schwab Investment Management Inc. bought a new position in shares of Origin Materials in the 3rd quarter valued at $92,000. Finally, PBMares Wealth Management LLC raised its holdings in shares of Origin Materials by 14.0% during the 3rd quarter. PBMares Wealth Management LLC now owns 65,000 shares of the financial services provider’s stock worth $100,000 after buying an additional 8,000 shares in the last quarter. 29.91% of the stock is currently owned by institutional investors and hedge funds.

Origin Materials Stock Down 5.5 %

NASDAQ:ORGN opened at $1.21 on Friday. Origin Materials, Inc. has a twelve month low of $0.44 and a twelve month high of $1.90. The stock’s 50-day simple moving average is $1.19 and its 200 day simple moving average is $1.21. The firm has a market capitalization of $176.96 million, a PE ratio of -2.12 and a beta of 0.95.

Insider Transactions at Origin Materials

In related news, CEO John Bissell sold 55,000 shares of the business’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $1.00, for a total transaction of $55,000.00. Following the sale, the chief executive officer now owns 1,976,230 shares in the company, valued at $1,976,230. The trade was a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Matthew T. Plavan sold 120,000 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $1.32, for a total value of $158,400.00. Following the completion of the transaction, the chief financial officer now owns 1,223,088 shares of the company’s stock, valued at $1,614,476.16. This represents a 8.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 308,125 shares of company stock valued at $356,365. 17.49% of the stock is currently owned by insiders.

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.