Spire Wealth Management Purchases 4,655 Shares of Orion Office REIT Inc. (NYSE:ONL)

Spire Wealth Management grew its position in shares of Orion Office REIT Inc. (NYSE:ONLFree Report) by 82.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,295 shares of the company’s stock after purchasing an additional 4,655 shares during the period. Spire Wealth Management’s holdings in Orion Office REIT were worth $54,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Madison Avenue Partners LP lifted its stake in shares of Orion Office REIT by 5,767.2% in the 4th quarter. Madison Avenue Partners LP now owns 4,781,496 shares of the company’s stock valued at $40,834,000 after acquiring an additional 4,700,000 shares during the last quarter. Private Management Group Inc. lifted its stake in shares of Orion Office REIT by 53.1% in the 3rd quarter. Private Management Group Inc. now owns 4,602,974 shares of the company’s stock valued at $23,981,000 after acquiring an additional 1,595,731 shares during the last quarter. Norges Bank bought a new stake in shares of Orion Office REIT in the 4th quarter valued at about $9,372,000. Morgan Stanley lifted its stake in shares of Orion Office REIT by 27.9% in the 4th quarter. Morgan Stanley now owns 3,785,814 shares of the company’s stock valued at $32,331,000 after acquiring an additional 824,745 shares during the last quarter. Finally, Mangrove Partners lifted its stake in shares of Orion Office REIT by 192.0% in the 2nd quarter. Mangrove Partners now owns 1,161,564 shares of the company’s stock valued at $7,678,000 after acquiring an additional 763,748 shares during the last quarter. Institutional investors own 87.30% of the company’s stock.

Orion Office REIT Trading Up 5.0 %

NYSE ONL opened at $5.15 on Tuesday. The stock has a 50-day moving average of $5.46 and a 200-day moving average of $5.42. The firm has a market cap of $286.99 million, a PE ratio of -4.85 and a beta of 1.03. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. Orion Office REIT Inc. has a 1-year low of $4.41 and a 1-year high of $9.30.

Orion Office REIT Profile

(Free Report)

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.

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Institutional Ownership by Quarter for Orion Office REIT (NYSE:ONL)

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