Vanguard Personalized Indexing Management LLC Purchases New Stake in Origin Materials, Inc. (NASDAQ:ORGN)

Vanguard Personalized Indexing Management LLC bought a new stake in Origin Materials, Inc. (NASDAQ:ORGN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 34,341 shares of the financial services provider’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its stake in shares of Origin Materials by 92.5% in the first quarter. Acadian Asset Management LLC now owns 823,455 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 395,588 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Origin Materials by 12.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,853,083 shares of the financial services provider’s stock worth $945,000 after acquiring an additional 203,099 shares during the period. Janus Henderson Group PLC increased its stake in Origin Materials by 28.1% in the 1st quarter. Janus Henderson Group PLC now owns 240,378 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 52,701 shares in the last quarter. Moss Adams Wealth Advisors LLC acquired a new position in Origin Materials during the second quarter worth $45,000. Finally, Vanguard Group Inc. boosted its position in Origin Materials by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,899,099 shares of the financial services provider’s stock worth $3,009,000 after purchasing an additional 48,889 shares in the last quarter. Institutional investors and hedge funds own 29.91% of the company’s stock.

Origin Materials Stock Down 4.5 %

Shares of NASDAQ:ORGN opened at $1.47 on Wednesday. The company has a quick ratio of 13.48, a current ratio of 13.57 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $216.12 million, a P/E ratio of -147,000.00 and a beta of 0.99. Origin Materials, Inc. has a 52-week low of $0.44 and a 52-week high of $1.90. The stock’s fifty day simple moving average is $1.30 and its 200-day simple moving average is $1.01.

Origin Materials (NASDAQ:ORGN) last announced its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02). Origin Materials had a negative net margin of 37.93% and a negative return on equity of 14.10%. The firm had revenue of $7.03 million for the quarter. As a group, equities research analysts forecast that Origin Materials, Inc. will post -0.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Bank of America raised Origin Materials from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $1.35 to $3.00 in a research note on Friday, August 16th.

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.