Jane Street Group LLC Sells 151,076 Shares of Origin Materials, Inc. (NASDAQ:ORGN)

Jane Street Group LLC cut its stake in Origin Materials, Inc. (NASDAQ:ORGN) by 38.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 244,054 shares of the financial services provider’s stock after selling 151,076 shares during the quarter. Jane Street Group LLC owned about 0.17% of Origin Materials worth $376,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of 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 worth $43,000 after purchasing an additional 23,200 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in Origin Materials in the second quarter worth $31,000. Point72 DIFC Ltd purchased a new stake in Origin Materials in the second quarter worth $50,000. Charles Schwab Investment Management Inc. purchased a new stake in Origin Materials in the third quarter worth $92,000. Finally, PBMares Wealth Management LLC increased its stake in 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 worth $100,000 after purchasing an additional 8,000 shares during the period. 29.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO John Bissell sold 55,000 shares of the firm’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 transaction, the chief executive officer now owns 1,976,230 shares in the company, valued at approximately $1,976,230. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Joshua C. Lee sold 47,625 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $1.08, for a total value of $51,435.00. Following the transaction, the general counsel now owns 429,785 shares in the company, valued at approximately $464,167.80. This represents a 9.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 309,525 shares of company stock worth $358,045 over the last quarter. Company insiders own 3.90% of the company’s stock.

Origin Materials Stock Down 4.9 %

ORGN stock opened at $1.17 on Thursday. The business’s fifty day simple moving average is $1.18 and its two-hundred day simple moving average is $1.22. Origin Materials, Inc. has a twelve month low of $0.44 and a twelve month high of $1.90. The firm has a market cap of $171.11 million, a price-to-earnings ratio of -2.05 and a beta of 0.92.

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.