Origin Materials, Inc. $ORGN Shares Purchased by Virtu Financial LLC

Virtu Financial LLC lifted its stake in Origin Materials, Inc. (NASDAQ:ORGNFree Report) by 66.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,016 shares of the financial services provider’s stock after purchasing an additional 36,097 shares during the period. Virtu Financial LLC’s holdings in Origin Materials were worth $60,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC lifted its stake in shares of Origin Materials by 59.2% in the fourth quarter. Millennium Management LLC now owns 2,021,132 shares of the financial services provider’s stock valued at $2,587,000 after purchasing an additional 751,632 shares during the period. Marshall Wace LLP acquired a new stake in shares of Origin Materials in the fourth quarter valued at about $783,000. Rehmann Capital Advisory Group acquired a new stake in shares of Origin Materials in the first quarter valued at about $406,000. Renaissance Technologies LLC lifted its stake in shares of Origin Materials by 193.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,153,200 shares of the financial services provider’s stock valued at $1,476,000 after purchasing an additional 760,700 shares during the period. Finally, Barclays PLC lifted its stake in shares of Origin Materials by 3,019,800.0% in the fourth quarter. Barclays PLC now owns 30,199 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 30,198 shares during the period. Institutional investors and hedge funds own 29.91% of the company’s stock.

Origin Materials Stock Performance

Shares of ORGN opened at $0.54 on Tuesday. The company has a current ratio of 9.51, a quick ratio of 9.44 and a debt-to-equity ratio of 0.01. The stock has a market cap of $80.90 million, a P/E ratio of -0.87 and a beta of 0.88. The company has a 50-day moving average of $0.62 and a two-hundred day moving average of $0.67. Origin Materials, Inc. has a 12-month low of $0.40 and a 12-month high of $1.90.

Origin Materials (NASDAQ:ORGNGet Free Report) last announced its earnings results on Thursday, August 14th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). The company had revenue of $5.80 million during the quarter, compared to analysts’ expectations of $29.10 million. Origin Materials had a negative net margin of 312.11% and a negative return on equity of 26.53%. As a group, research analysts predict that Origin Materials, Inc. will post -0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Origin Materials to a “strong sell” rating in a research report on Saturday, July 5th.

Check Out Our Latest Research Report on Origin Materials

Origin Materials Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Origin Materials (NASDAQ:ORGN)

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