Aquatic Capital Management LLC Cuts Position in Orion S.A. (NYSE:OEC)

Aquatic Capital Management LLC decreased its position in shares of Orion S.A. (NYSE:OEC - Free Report) by 62.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,341 shares of the specialty chemicals company's stock after selling 20,859 shares during the period. Aquatic Capital Management LLC's holdings in Orion were worth $195,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Orion by 320.4% during the 3rd quarter. Barclays PLC now owns 95,512 shares of the specialty chemicals company's stock valued at $1,700,000 after buying an additional 72,793 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Orion by 3.2% during the third quarter. Franklin Resources Inc. now owns 57,672 shares of the specialty chemicals company's stock worth $984,000 after acquiring an additional 1,775 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Orion by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 606,466 shares of the specialty chemicals company's stock worth $10,801,000 after acquiring an additional 7,586 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Orion by 18.0% in the 4th quarter. SG Americas Securities LLC now owns 23,911 shares of the specialty chemicals company's stock valued at $378,000 after purchasing an additional 3,646 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Orion by 9.2% during the 4th quarter. Inspire Investing LLC now owns 25,351 shares of the specialty chemicals company's stock valued at $400,000 after purchasing an additional 2,138 shares during the last quarter. Institutional investors own 94.33% of the company's stock.

Orion Trading Up 1.8 %

Shares of OEC opened at $12.17 on Monday. The stock has a market capitalization of $685.40 million, a P/E ratio of 16.23 and a beta of 1.20. Orion S.A. has a twelve month low of $10.50 and a twelve month high of $26.05. The company has a quick ratio of 0.71, a current ratio of 1.24 and a debt-to-equity ratio of 1.42. The firm has a fifty day simple moving average of $12.65 and a two-hundred day simple moving average of $14.76.

Orion (NYSE:OEC - Get Free Report) last posted its earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.10. Orion had a return on equity of 20.94% and a net margin of 2.35%. The company had revenue of $434.20 million for the quarter, compared to analysts' expectations of $437.03 million. On average, research analysts anticipate that Orion S.A. will post 1.73 EPS for the current year.

Orion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be paid a $0.0207 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, June 11th. Orion's payout ratio is 10.67%.

Insider Activity at Orion

In related news, VP Carlos Quinones bought 3,300 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $13.07 per share, with a total value of $43,131.00. Following the transaction, the vice president now owns 79,702 shares in the company, valued at approximately $1,041,705.14. This trade represents a 4.32 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on OEC shares. JPMorgan Chase & Co. downgraded shares of Orion from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $18.00 to $12.00 in a research note on Thursday, April 24th. UBS Group dropped their target price on Orion from $23.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, February 20th.

About Orion

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.

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