Virtu Financial LLC Has $69,000 Stock Position in Origin Materials, Inc. (NASDAQ:ORGN)

Virtu Financial LLC lessened its holdings in Origin Materials, Inc. (NASDAQ:ORGN) by 47.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,919 shares of the financial services provider’s stock after selling 49,328 shares during the quarter. Virtu Financial LLC’s holdings in Origin Materials were worth $69,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capstone Wealth Management LLC acquired a new position in shares of Origin Materials during the fourth quarter worth $50,000. FNY Investment Advisers LLC bought a new stake in Origin Materials during the 4th quarter worth $67,000. Charles Schwab Investment Management Inc. acquired a new position in Origin Materials in the 3rd quarter worth about $92,000. Quadrature Capital Ltd bought a new position in Origin Materials in the third quarter valued at about $135,000. Finally, XTX Topco Ltd boosted its stake in shares of Origin Materials by 461.7% during the third quarter. XTX Topco Ltd now owns 109,610 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 90,096 shares in the last quarter. Institutional investors own 29.91% of the company’s stock.

Origin Materials Price Performance

NASDAQ ORGN opened at $0.66 on Tuesday. The stock has a market capitalization of $99.11 million, a P/E ratio of -1.16 and a beta of 0.88. The business has a 50 day simple moving average of $0.86 and a 200 day simple moving average of $1.14. Origin Materials, Inc. has a one year low of $0.49 and a one year high of $1.90.

Origin Materials (NASDAQ:ORGN) last announced its quarterly earnings data on Thursday, March 13th. The financial services provider reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02. The firm had revenue of $9.22 million for the quarter, compared to analyst estimates of $9.08 million. Origin Materials had a negative net margin of 229.52% and a negative return on equity of 21.26%. Equities analysts expect that Origin Materials, Inc. will post -0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Bank of America cut shares of Origin Materials from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $2.50 to $1.50 in a research note on Tuesday, January 14th.

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.