611,332 Shares in Origin Materials, Inc. (NASDAQ:ORGN) Bought by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group purchased a new position in shares of Origin Materials, Inc. (NASDAQ:ORGN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 611,332 shares of the financial services provider's stock, valued at approximately $406,000. Rehmann Capital Advisory Group owned about 0.41% of Origin Materials at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Arete Wealth Advisors LLC lifted its position in shares of Origin Materials by 21.7% during the fourth quarter. Arete Wealth Advisors LLC now owns 90,013 shares of the financial services provider's stock worth $115,000 after purchasing an additional 16,050 shares during the last quarter. Two Sigma Investments LP lifted its holdings in Origin Materials by 8.7% during the 4th quarter. Two Sigma Investments LP now owns 317,844 shares of the financial services provider's stock worth $407,000 after buying an additional 25,412 shares during the last quarter. Two Sigma Securities LLC bought a new position in Origin Materials during the 4th quarter worth approximately $34,000. StoneX Group Inc. bought a new position in Origin Materials during the 4th quarter worth approximately $35,000. Finally, Barclays PLC lifted its holdings in Origin Materials by 3,019,800.0% during the 4th quarter. Barclays PLC now owns 30,199 shares of the financial services provider's stock worth $39,000 after buying an additional 30,198 shares during the last quarter. Institutional investors and hedge funds own 29.91% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Origin Materials to a "strong sell" rating in a report on Saturday, July 5th.

Origin Materials Stock Down 2.9%

Shares of ORGN stock traded down $0.02 on Monday, reaching $0.59. 583,019 shares of the company's stock traded hands, compared to its average volume of 1,292,076. Origin Materials, Inc. has a 12-month low of $0.40 and a 12-month high of $1.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.44 and a current ratio of 9.51. The company has a market capitalization of $88.65 million, a P/E ratio of -0.88 and a beta of 0.84. The business's 50 day moving average price is $0.52 and its two-hundred day moving average price is $0.74.

Origin Materials (NASDAQ:ORGN - Get Free Report) last issued its earnings results on Thursday, May 15th. The financial services provider reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.10). Origin Materials had a negative net margin of 321.96% and a negative return on equity of 27.44%. The firm had revenue of $5.43 million during the quarter, compared to analysts' expectations of $29.10 million. On average, equities analysts forecast that Origin Materials, Inc. will post -0.6 earnings per share for the current year.

Origin Materials 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.