Orion Energy Systems (NASDAQ:OESX) Director Buys $19,983.84 in Stock

Orion Energy Systems, Inc. (NASDAQ:OESX) Director Heather Wishart-Smith bought 1,054 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were bought at an average cost of $18.96 per share, for a total transaction of $19,983.84. Following the transaction, the director directly owned 11,405 shares in the company, valued at approximately $216,238.80. This represents a 10.18% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Orion Energy Systems Trading Up 0.1%

Shares of NASDAQ:OESX opened at $25.04 on Thursday. The company has a market capitalization of $102.41 million, a PE ratio of -500.80 and a beta of 0.77. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33. Orion Energy Systems, Inc. has a 12-month low of $6.78 and a 12-month high of $25.80. The business’s fifty day simple moving average is $13.53 and its 200-day simple moving average is $11.32.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.40. Orion Energy Systems had a return on equity of 11.66% and a net margin of 0.04%.The firm had revenue of $25.74 million during the quarter, compared to analysts’ expectations of $23.56 million. As a group, equities research analysts predict that Orion Energy Systems, Inc. will post 0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

Several hedge funds have recently modified their holdings of OESX. Tieton Capital Management LLC purchased a new position in Orion Energy Systems during the 2nd quarter worth approximately $3,326,000. North Star Investment Management Corp. boosted its holdings in shares of Orion Energy Systems by 29.0% in the 1st quarter. North Star Investment Management Corp. now owns 525,552 shares of the electronics maker’s stock valued at $4,593,000 after acquiring an additional 118,100 shares during the last quarter. Sei Investments Co. increased its stake in shares of Orion Energy Systems by 114.3% in the first quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock worth $1,137,000 after acquiring an additional 69,387 shares during the period. Marshall Wace LLP acquired a new stake in shares of Orion Energy Systems in the fourth quarter worth $706,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Orion Energy Systems by 32.4% during the first quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock worth $1,560,000 after purchasing an additional 43,693 shares during the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on OESX shares. Weiss Ratings upgraded shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Wall Street Zen raised shares of Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Zacks Research raised Orion Energy Systems from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, HC Wainwright reiterated a “buy” rating and set a $30.00 price objective on shares of Orion Energy Systems in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.