GSA Capital Partners LLP Increases Position in Orion Group Holdings, Inc. (NYSE:ORN)

Key Points

• GSA Capital Partners LLP increased its stake in Orion Group Holdings, Inc. by 50.1% in the first quarter, now owning approximately 344,220 shares worth $1.80 million.
• Institutional investors hold about 70.25% of Orion's stock, with multiple hedge funds acquiring new positions in the company recently during the last quarter.
• Orion Group's stock has seen a 52-week price range between $4.64 and $9.64, and it reported earnings exceeding expectations in its last quarterly announcement.

GSA Capital Partners LLP grew its stake in Orion Group Holdings, Inc. (NYSE:ORN - Free Report) by 50.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 344,220 shares of the construction company's stock after acquiring an additional 114,935 shares during the quarter. GSA Capital Partners LLP owned about 0.87% of Orion Group worth $1,800,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ORN. CenterBook Partners LP purchased a new position in shares of Orion Group in the 4th quarter valued at $4,695,000. Ancora Advisors LLC raised its stake in shares of Orion Group by 76.1% during the 4th quarter. Ancora Advisors LLC now owns 674,554 shares of the construction company's stock worth $4,944,000 after acquiring an additional 291,550 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Orion Group by 104.8% during the 4th quarter. Nuveen Asset Management LLC now owns 470,562 shares of the construction company's stock worth $3,449,000 after acquiring an additional 240,757 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Orion Group by 112.2% during the 4th quarter. JPMorgan Chase & Co. now owns 285,566 shares of the construction company's stock worth $2,093,000 after acquiring an additional 150,996 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Orion Group during the 1st quarter worth approximately $710,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Orion Group Stock Performance

Shares of Orion Group stock traded down $0.25 on Friday, reaching $7.17. 608,589 shares of the stock were exchanged, compared to its average volume of 412,969. Orion Group Holdings, Inc. has a twelve month low of $4.64 and a twelve month high of $9.95. The company has a quick ratio of 1.37, a current ratio of 1.38 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $283.38 million, a price-to-earnings ratio of 26.64, a PEG ratio of 16.02 and a beta of 1.00. The business has a 50 day moving average price of $8.70 and a two-hundred day moving average price of $7.48.

Orion Group (NYSE:ORN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The construction company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.12. Orion Group had a return on equity of 9.23% and a net margin of 1.25%. The company had revenue of $188.65 million during the quarter, compared to the consensus estimate of $177.33 million. Analysts anticipate that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Insider Transactions at Orion Group

In related news, Director Austin J. Shanfelter sold 30,000 shares of Orion Group stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $8.67, for a total value of $260,100.00. Following the completion of the transaction, the director owned 419,215 shares in the company, valued at $3,634,594.05. The trade was a 6.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.90% of the company's stock.

Wall Street Analysts Forecast Growth

ORN has been the subject of several recent analyst reports. B. Riley reiterated a "buy" rating and set a $11.50 price objective (up previously from $9.00) on shares of Orion Group in a research note on Tuesday, June 10th. Wall Street Zen raised shares of Orion Group from a "hold" rating to a "buy" rating in a research report on Friday, April 18th.

Orion Group Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.