Geode Capital Management LLC Has $2.29 Million Position in Origin Materials, Inc. (NASDAQ:ORGN)

Geode Capital Management LLC lifted its holdings in Origin Materials, Inc. (NASDAQ:ORGN) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,486,519 shares of the financial services provider’s stock after purchasing an additional 87,751 shares during the quarter. Geode Capital Management LLC owned about 1.02% of Origin Materials worth $2,290,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. US Bancorp DE boosted its stake in Origin Materials by 464.0% in the 3rd quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 23,200 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in Origin Materials in the 2nd quarter valued at approximately $31,000. Point72 DIFC Ltd acquired a new position in Origin Materials during the 2nd quarter worth approximately $50,000. Charles Schwab Investment Management Inc. bought a new position in shares of Origin Materials during the 3rd quarter worth approximately $92,000. Finally, PBMares Wealth Management LLC raised its holdings in shares of Origin Materials by 14.0% in the third quarter. PBMares Wealth Management LLC now owns 65,000 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 8,000 shares during the last quarter. Institutional investors own 29.91% of the company’s stock.

Origin Materials Trading Down 1.6 %

Shares of ORGN opened at $1.23 on Wednesday. The stock has a market capitalization of $179.89 million, a price-to-earnings ratio of -2.16 and a beta of 0.92. The firm has a fifty day simple moving average of $1.18 and a 200 day simple moving average of $1.22. Origin Materials, Inc. has a 12 month low of $0.44 and a 12 month high of $1.90.

Insider Activity at Origin Materials

In other Origin Materials news, CEO Richard J. Riley bought 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of $1.00 per share, with a total value of $300,000.00. Following the acquisition, the chief executive officer now owns 749,083 shares of the company’s stock, valued at $749,083. The trade was a 66.80 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew T. Plavan sold 120,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $1.32, for a total transaction of $158,400.00. Following the sale, the chief financial officer now owns 1,223,088 shares of the company’s stock, valued at approximately $1,614,476.16. This represents a 8.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 309,525 shares of company stock valued at $358,045. Insiders own 3.90% of the company’s stock.

Origin Materials Company Profile

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.