Orion Office REIT Inc. (NYSE:ONL) Shares Sold by Millennium Management LLC

Millennium Management LLC lowered its stake in shares of Orion Office REIT Inc. (NYSE:ONL - Free Report) by 85.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 70,763 shares of the company's stock after selling 405,321 shares during the period. Millennium Management LLC owned approximately 0.13% of Orion Office REIT worth $263,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ONL. Allworth Financial LP lifted its position in shares of Orion Office REIT by 1,215.5% during the 4th quarter. Allworth Financial LP now owns 7,564 shares of the company's stock worth $30,000 after purchasing an additional 6,989 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Orion Office REIT during the 4th quarter worth $32,000. Evoke Wealth LLC purchased a new stake in shares of Orion Office REIT during the 4th quarter worth $43,000. Lazard Asset Management LLC purchased a new stake in shares of Orion Office REIT during the 4th quarter worth $45,000. Finally, Pitcairn Co. purchased a new stake in shares of Orion Office REIT during the 4th quarter worth $50,000. Hedge funds and other institutional investors own 79.95% of the company's stock.

Orion Office REIT Stock Down 1.0%

NYSE:ONL traded down $0.02 during midday trading on Friday, hitting $1.91. 404,328 shares of the company were exchanged, compared to its average volume of 436,368. The company has a fifty day simple moving average of $1.85 and a 200 day simple moving average of $2.94. Orion Office REIT Inc. has a fifty-two week low of $1.46 and a fifty-two week high of $4.39. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $107.33 million, a PE ratio of -1.24 and a beta of 1.35.

Orion Office REIT (NYSE:ONL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.19 EPS for the quarter. The company had revenue of $38.00 million for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%.

Insider Buying and Selling

In other Orion Office REIT news, insider Paul H. Mcdowell purchased 12,000 shares of Orion Office REIT stock in a transaction on Monday, March 17th. The shares were bought at an average price of $2.48 per share, with a total value of $29,760.00. Following the completion of the acquisition, the insider now directly owns 293,895 shares of the company's stock, valued at approximately $728,859.60. This trade represents a 4.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by insiders.

About Orion Office REIT

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.