Divisar Capital Management LLC Increases Position in Orion S.A. (NYSE:OEC)

Divisar Capital Management LLC lifted its stake in Orion S.A. (NYSE:OEC - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,223,324 shares of the specialty chemicals company's stock after purchasing an additional 80,000 shares during the period. Orion accounts for 4.2% of Divisar Capital Management LLC's portfolio, making the stock its 9th largest position. Divisar Capital Management LLC owned 2.12% of Orion worth $19,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of OEC. KLP Kapitalforvaltning AS acquired a new stake in shares of Orion in the 4th quarter valued at $171,000. Trexquant Investment LP acquired a new stake in Orion in the fourth quarter worth about $206,000. Freestone Grove Partners LP bought a new stake in Orion during the 4th quarter worth about $211,000. Susquehanna Fundamental Investments LLC acquired a new position in Orion during the 4th quarter valued at about $259,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Orion by 19.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,577 shares of the specialty chemicals company's stock valued at $357,000 after purchasing an additional 3,630 shares during the last quarter. Institutional investors own 94.33% of the company's stock.

Insider Buying and Selling at Orion

In other news, VP Carlos Quinones purchased 3,300 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $13.07 per share, for a total transaction of $43,131.00. Following the completion of the acquisition, the vice president now directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

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

Orion Trading Up 1.8 %

NYSE OEC traded up $0.21 during trading on Friday, reaching $12.17. 384,663 shares of the stock traded hands, compared to its average volume of 509,462. Orion S.A. has a fifty-two week low of $10.50 and a fifty-two week 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 market cap of $685.40 million, a price-to-earnings ratio of 16.23 and a beta of 1.20. The stock's 50-day moving average price is $12.65 and its 200 day moving average price is $14.78.

Orion (NYSE:OEC - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The specialty chemicals company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.10. The business had revenue of $434.20 million during the quarter, compared to analysts' expectations of $437.03 million. Orion had a net margin of 2.35% and a return on equity of 20.94%. Analysts predict that Orion S.A. will post 1.73 EPS for the current year.

Orion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.0207 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.08 annualized dividend and a yield of 0.68%. Orion's dividend payout ratio (DPR) is currently 10.67%.

Orion Company Profile

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.