209,368 Shares in Orion S.A. $OEC Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in shares of Orion S.A. (NYSE:OEC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 209,368 shares of the specialty chemicals company’s stock, valued at approximately $1,388,000. GSA Capital Partners LLP owned approximately 0.37% of Orion as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Quarry LP grew its stake in shares of Orion by 430.9% in the 4th quarter. Quarry LP now owns 5,861 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 4,757 shares during the last quarter. Performa Ltd US LLC raised its stake in Orion by 690.0% during the fourth quarter. Performa Ltd US LLC now owns 7,900 shares of the specialty chemicals company’s stock valued at $42,000 after buying an additional 6,900 shares during the last quarter. ProShare Advisors LLC bought a new stake in Orion in the fourth quarter worth $53,000. Blue Trust Inc. purchased a new stake in shares of Orion in the first quarter worth $55,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Orion by 277.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 11,147 shares of the specialty chemicals company’s stock worth $59,000 after acquiring an additional 8,194 shares during the last quarter. 94.33% of the stock is currently owned by hedge funds and other institutional investors.

Orion Price Performance

Shares of NYSE:OEC opened at $6.43 on Monday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.64 and a current ratio of 1.03. The firm has a market cap of $363.59 million, a price-to-earnings ratio of -3.72 and a beta of 1.00. The business has a 50-day simple moving average of $6.78 and a two-hundred day simple moving average of $6.60. Orion S.A. has a fifty-two week low of $4.34 and a fifty-two week high of $10.89.

Orion (NYSE:OEC) last announced its quarterly earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Orion had a negative net margin of 5.28% and a negative return on equity of 0.31%. The company had revenue of $500.90 million for the quarter, compared to analysts’ expectations of $474.43 million. On average, analysts expect that Orion S.A. will post 0.08 earnings per share for the current year.

Orion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Monday, July 6th will be issued a $0.0207 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.08 dividend on an annualized basis and a yield of 1.3%. Orion’s payout ratio is currently -4.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OEC shares. Zacks Research raised Orion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. UBS Group raised their price objective on shares of Orion from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Orion in a report on Friday, July 17th. Finally, Wall Street Zen raised shares of Orion from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Sell” and an average price target of $6.08.

Orion Company Profile

Orion Engineered Carbons SA, operating as Orion (NYSE: OEC), is a global producer of carbon black, a critical performance additive used to enhance the strength, durability and conductivity of various materials. The company’s products chiefly serve the tire and rubber industry, where carbon black imparts wear resistance and longevity, as well as the plastics, coatings, inks and battery components markets, where specialty grades deliver tailored conductivity and color properties.

Orion’s product portfolio is organized into two core segments: Rubber and Specialty and Chemical Specialties.