JB Capital Partners LP Invests $2.21 Million in Orion S.A. $OEC

JB Capital Partners LP purchased a new stake in shares of Orion S.A. (NYSE:OEC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 335,000 shares of the specialty chemicals company's stock, valued at approximately $2,214,350. JB Capital Partners LP owned 0.59% of Orion as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Orion by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,857 shares of the specialty chemicals company's stock valued at $438,000 after acquiring an additional 1,097 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Orion by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 30,641 shares of the specialty chemicals company's stock valued at $162,000 after purchasing an additional 1,680 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Orion by 16.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 12,340 shares of the specialty chemicals company's stock valued at $65,000 after purchasing an additional 1,742 shares during the period. Versant Capital Management Inc grew its stake in shares of Orion by 26.4% during the second quarter. Versant Capital Management Inc now owns 9,925 shares of the specialty chemicals company's stock valued at $66,000 after buying an additional 2,072 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Orion by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 85,855 shares of the specialty chemicals company's stock worth $901,000 after buying an additional 2,344 shares during the last quarter. 94.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OEC has been the subject of several research reports. Zacks Research raised Orion from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Weiss Ratings restated a "sell (d)" rating on shares of Orion in a report on Friday, July 17th. UBS Group upped their price objective on shares of Orion from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Finally, Wall Street Zen raised Orion from a "sell" rating to a "hold" rating in a report on Sunday, August 9th. Two research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Orion currently has an average rating of "Strong Sell" and an average price target of $6.08.

Orion Stock Performance

Shares of NYSE:OEC traded up $0.07 during trading on Friday, hitting $6.34. The company's stock had a trading volume of 204,971 shares, compared to its average volume of 625,581. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.03 and a quick ratio of 0.64. The firm has a market cap of $358.34 million, a price-to-earnings ratio of -3.66 and a beta of 1.00. Orion S.A. has a 12 month low of $4.34 and a 12 month high of $10.85. The company has a 50-day moving average of $6.51 and a 200-day moving average of $6.57.

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

Orion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Monday, July 6th will be given a $0.0207 dividend. The ex-dividend date is Monday, July 6th. This represents a $0.08 annualized dividend and a yield of 1.3%. Orion's dividend payout ratio (DPR) is currently -4.62%.

About Orion

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.