Sanctuary Advisors LLC Purchases New Stake in Origin Materials, Inc. (NASDAQ:ORGN)

Sanctuary Advisors LLC acquired a new position in Origin Materials, Inc. (NASDAQ:ORGN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 151,115 shares of the financial services provider’s stock, valued at approximately $136,000. Sanctuary Advisors LLC owned 0.10% of Origin Materials at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Origin Materials during the 2nd quarter valued at about $31,000. Moss Adams Wealth Advisors LLC acquired a new stake in shares of Origin Materials during the 2nd quarter worth approximately $45,000. Point72 DIFC Ltd bought a new stake in shares of Origin Materials in the 2nd quarter worth approximately $50,000. AQR Capital Management LLC boosted its position in Origin Materials by 352.9% during the 2nd quarter. AQR Capital Management LLC now owns 98,969 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 77,119 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Origin Materials during the 2nd quarter valued at approximately $155,000. Institutional investors own 29.91% of the company’s stock.

Analysts Set New Price Targets

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

Origin Materials Trading Down 0.7 %

Origin Materials stock opened at $1.42 on Tuesday. Origin Materials, Inc. has a 52-week low of $0.44 and a 52-week high of $1.90. 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 firm has a market capitalization of $208.77 million, a price-to-earnings ratio of -15.78 and a beta of 0.99. The firm has a 50-day moving average price of $1.47 and a two-hundred day moving average price of $1.11.

Origin Materials (NASDAQ:ORGN) last released its quarterly earnings results on Wednesday, August 14th. The financial services provider reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $7.03 million for the quarter. Sell-side analysts expect that Origin Materials, Inc. will post -0.45 earnings per share for the current year.

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.