Origin Materials, Inc. (NASDAQ:ORGN) Shares Bought by Millennium Management LLC

Millennium Management LLC increased its stake in shares of Origin Materials, Inc. (NASDAQ:ORGN - Free Report) by 59.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,021,132 shares of the financial services provider's stock after purchasing an additional 751,632 shares during the quarter. Millennium Management LLC owned approximately 1.38% of Origin Materials worth $2,587,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC lifted its stake in shares of Origin Materials by 21.7% in the 4th quarter. Arete Wealth Advisors LLC now owns 90,013 shares of the financial services provider's stock valued at $115,000 after purchasing an additional 16,050 shares in the last quarter. Two Sigma Securities LLC acquired a new position in shares of Origin Materials in the 4th quarter valued at about $34,000. StoneX Group Inc. acquired a new position in shares of Origin Materials in the 4th quarter valued at about $35,000. Barclays PLC lifted its stake in shares of Origin Materials by 3,019,800.0% in the 4th quarter. Barclays PLC now owns 30,199 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 30,198 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Origin Materials by 16.5% in the 4th quarter. Bank of America Corp DE now owns 423,567 shares of the financial services provider's stock valued at $542,000 after purchasing an additional 59,998 shares in the last quarter. Hedge funds and other institutional investors own 29.91% of the company's stock.

Origin Materials Stock Up 6.6%

Shares of NASDAQ ORGN traded up $0.03 during midday trading on Wednesday, hitting $0.48. The stock had a trading volume of 611,044 shares, compared to its average volume of 1,435,876. The company has a market capitalization of $71.66 million, a price-to-earnings ratio of -0.84 and a beta of 0.98. Origin Materials, Inc. has a 1-year low of $0.40 and a 1-year high of $1.90. The company has a fifty day moving average price of $0.60 and a 200 day moving average price of $0.86.

Origin Materials (NASDAQ:ORGN - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The financial services provider reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.10). The company had revenue of $5.43 million for the quarter, compared to analyst estimates of $29.10 million. Origin Materials had a negative return on equity of 21.26% and a negative net margin of 229.52%. On average, research analysts forecast that Origin Materials, Inc. will post -0.6 EPS for the current year.

Origin Materials Company Profile

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.