Jump Financial LLC Invests $531,000 in Orion S.A. $OEC

Key Points

• Jump Financial LLC has invested approximately $531,000 in Orion S.A. by acquiring 41,034 shares during the first quarter, marking a new position for the institutional investor.
• Orion recently faced mixed ratings from analysts, with price target adjustments including a decrease to $9.00 from JPMorgan Chase & Co., and a slightly positive outlook from UBS with a target of $17.00.
• The company's earnings report revealed a net margin of 0.82% and an EPS of $0.32, missing consensus estimates by $0.04.

Jump Financial LLC acquired a new position in Orion S.A. (NYSE:OEC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,034 shares of the specialty chemicals company's stock, valued at approximately $531,000. Jump Financial LLC owned approximately 0.07% of Orion as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. raised its position in Orion by 49.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 273,182 shares of the specialty chemicals company's stock worth $3,532,000 after acquiring an additional 90,138 shares in the last quarter. Quantbot Technologies LP raised its position in Orion by 940.9% in the first quarter. Quantbot Technologies LP now owns 59,256 shares of the specialty chemicals company's stock worth $766,000 after acquiring an additional 53,563 shares in the last quarter. Algert Global LLC purchased a new position in shares of Orion in the first quarter valued at $431,000. Raymond James Financial Inc. increased its position in shares of Orion by 138.0% in the first quarter. Raymond James Financial Inc. now owns 230,799 shares of the specialty chemicals company's stock valued at $2,984,000 after buying an additional 133,826 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Orion by 8.2% in the first quarter. American Century Companies Inc. now owns 1,889,917 shares of the specialty chemicals company's stock valued at $24,437,000 after buying an additional 142,734 shares in the last quarter. Hedge funds and other institutional investors own 94.33% of the company's stock.

Orion Trading Up 0.9%

OEC traded up $0.10 during midday trading on Thursday, hitting $10.17. The company's stock had a trading volume of 172,571 shares, compared to its average volume of 595,126. The company has a current ratio of 1.10, a quick ratio of 0.64 and a debt-to-equity ratio of 1.46. The firm has a market cap of $570.76 million, a P/E ratio of 37.63 and a beta of 1.05. The firm has a 50-day moving average price of $10.59 and a two-hundred day moving average price of $11.60. Orion S.A. has a 52-week low of $9.03 and a 52-week high of $19.48.

Orion (NYSE:OEC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The specialty chemicals company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). The business had revenue of $466.40 million during the quarter, compared to analysts' expectations of $475.77 million. Orion had a net margin of 0.82% and a return on equity of 16.67%. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. On average, research analysts anticipate that Orion S.A. will post 1.73 earnings per share for the current year.

Orion Dividend Announcement

The company also recently announced a interim dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Monday, July 7th will be issued a dividend of $0.0207 per share. The ex-dividend date is Monday, July 7th. This represents a dividend yield of 80.0%. Orion's payout ratio is presently 29.63%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OEC. Zacks Research upgraded Orion to a "strong sell" rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $9.00 target price (down previously from $10.00) on shares of Orion in a research note on Monday, August 11th. UBS Group cut their target price on shares of Orion from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Mizuho cut their target price on shares of Orion from $12.00 to $10.00 and set a "neutral" rating for the company in a research note on Tuesday, July 15th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Orion currently has an average rating of "Reduce" and an average price target of $12.00.

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.