GSA Capital Partners LLP Reduces Stake in Orion Group Holdings, Inc. (NYSE:ORN)

GSA Capital Partners LLP lessened its position in Orion Group Holdings, Inc. (NYSE:ORN) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,033 shares of the construction company’s stock after selling 3,439 shares during the quarter. GSA Capital Partners LLP owned approximately 0.20% of Orion Group worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Atria Investments Inc raised its stake in shares of Orion Group by 14.6% in the third quarter. Atria Investments Inc now owns 49,298 shares of the construction company’s stock worth $284,000 after purchasing an additional 6,285 shares during the last quarter. Perkins Capital Management Inc. purchased a new stake in Orion Group during the third quarter valued at $173,000. Harbor Capital Advisors Inc. purchased a new stake in Orion Group during the third quarter valued at $1,873,000. SG Americas Securities LLC purchased a new stake in Orion Group during the third quarter valued at $67,000. Finally, Sanctuary Advisors LLC purchased a new stake in Orion Group during the second quarter valued at $303,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Insiders Place Their Bets

In other Orion Group news, EVP Edward Chipman Earle acquired 15,633 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average price of $6.05 per share, with a total value of $94,579.65. Following the completion of the purchase, the executive vice president now directly owns 86,235 shares in the company, valued at approximately $521,721.75. The trade was a 22.14 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.30% of the company’s stock.

Orion Group Stock Performance

Shares of ORN opened at $8.73 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $6.38 and a two-hundred day simple moving average of $7.87. The stock has a market cap of $339.60 million, a price-to-earnings ratio of -21.82, a PEG ratio of 3.19 and a beta of 0.80. Orion Group Holdings, Inc. has a 52 week low of $4.09 and a 52 week high of $12.12.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Orion Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

Orion Group Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.