Millennium Management LLC Sells 405,321 Shares of Orion Office REIT Inc. (NYSE:ONL)

Millennium Management LLC reduced its holdings in Orion Office REIT Inc. (NYSE:ONL - Free Report) by 85.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,763 shares of the company's stock after selling 405,321 shares during the quarter. Millennium Management LLC owned about 0.13% of Orion Office REIT worth $263,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ONL. Allworth Financial LP grew its position in Orion Office REIT by 1,215.5% during the fourth quarter. Allworth Financial LP now owns 7,564 shares of the company's stock worth $30,000 after buying an additional 6,989 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Orion Office REIT during the 4th quarter worth approximately $32,000. Evoke Wealth LLC acquired a new stake in shares of Orion Office REIT in the 4th quarter valued at $43,000. Lazard Asset Management LLC bought a new stake in Orion Office REIT during the fourth quarter worth about $45,000. Finally, Pitcairn Co. acquired a new stake in Orion Office REIT during the 4th quarter valued at $50,000. 79.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Orion Office REIT news, insider Paul H. Mcdowell bought 12,000 shares of Orion Office REIT stock in a transaction dated Monday, March 17th. The stock was bought at an average price of $2.48 per share, with a total value of $29,760.00. Following the completion of the transaction, the insider now owns 293,895 shares in the company, valued at $728,859.60. The trade was a 4.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

Orion Office REIT Trading Down 2.5%

ONL traded down $0.05 during mid-day trading on Thursday, reaching $1.94. The stock had a trading volume of 411,597 shares, compared to its average volume of 434,988. The stock has a market capitalization of $109.02 million, a P/E ratio of -1.26 and a beta of 1.35. Orion Office REIT Inc. has a 52 week low of $1.46 and a 52 week high of $4.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75. The firm's fifty day simple moving average is $1.84 and its two-hundred day simple moving average is $2.98.

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

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.