Sandia Investment Management LP Grows Stock Holdings in Orion Office REIT Inc. (NYSE:ONL)

Sandia Investment Management LP boosted its holdings in Orion Office REIT Inc. (NYSE:ONL) by 35.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,093 shares of the company’s stock after buying an additional 6,578 shares during the period. Sandia Investment Management LP’s holdings in Orion Office REIT were worth $93,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ONL. JPMorgan Chase & Co. boosted its holdings in Orion Office REIT by 69.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company’s stock valued at $1,039,000 after purchasing an additional 106,383 shares during the period. Proficio Capital Partners LLC boosted its holdings in Orion Office REIT by 77.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,424 shares of the company’s stock valued at $128,000 after purchasing an additional 14,992 shares during the period. Raymond James Financial Inc. bought a new position in Orion Office REIT in the 4th quarter valued at $1,109,000. SG Americas Securities LLC boosted its holdings in Orion Office REIT by 18.5% in the 4th quarter. SG Americas Securities LLC now owns 24,052 shares of the company’s stock valued at $89,000 after purchasing an additional 3,752 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Orion Office REIT by 9.0% in the 4th quarter. Bank of New York Mellon Corp now owns 258,921 shares of the company’s stock valued at $961,000 after purchasing an additional 21,448 shares during the period. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Orion Office REIT

In other Orion Office REIT news, Director Reginald Harold Gilyard bought 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $2.35 per share, for a total transaction of $94,000.00. Following the transaction, the director now directly owns 109,647 shares in the company, valued at $257,670.45. This trade represents a 57.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul H. Mcdowell bought 12,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average price of $2.48 per share, for a total transaction of $29,760.00. Following the transaction, the insider now owns 293,895 shares in the company, valued at $728,859.60. This trade represents a 4.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 61,446 shares of company stock valued at $147,092. Insiders own 0.16% of the company’s stock.

Orion Office REIT Stock Down 1.3%

Shares of NYSE:ONL opened at $1.96 on Friday. The firm has a fifty day moving average price of $1.95 and a two-hundred day moving average price of $3.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. Orion Office REIT Inc. has a one year low of $1.46 and a one year high of $4.39. The company has a market cap of $109.86 million, a price-to-earnings ratio of -1.27 and a beta of 1.34.

Orion Office REIT (NYSE:ONL) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.19 earnings per share (EPS) for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%. The company had revenue of $38.00 million during the quarter.

Orion Office REIT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Monday, March 31st. Orion Office REIT’s dividend payout ratio is currently -5.19%.

About Orion Office REIT

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.