Tieton Capital Management LLC Takes Position in Orion Energy Systems, Inc. $OESX

Key Points

• Tieton Capital Management acquired 284,526 Orion Energy Systems shares worth approximately $3.3 million, giving it a 7.01% stake. Institutional investors collectively own 52.59% of the company.
• Orion reported quarterly EPS of $0.47, exceeding the $0.07 consensus estimate, while revenue of $25.74 million also topped expectations. Analysts expect full-year EPS of $0.23.
• Analyst sentiment is mixed but leans positive, with a “Moderate Buy” consensus and an average price target of $30, compared with shares opening at $18.62.

Tieton Capital Management LLC acquired a new stake in shares of Orion Energy Systems, Inc. (NASDAQ:OESX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 284,526 shares of the electronics maker's stock, valued at approximately $3,326,000. Tieton Capital Management LLC owned 7.01% of Orion Energy Systems as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. North Star Investment Management Corp. boosted its position in Orion Energy Systems by 6.3% during the 4th quarter. North Star Investment Management Corp. now owns 407,452 shares of the electronics maker's stock valued at $6,267,000 after acquiring an additional 23,998 shares in the last quarter. Marshall Wace LLP purchased a new position in Orion Energy Systems in the fourth quarter valued at about $706,000. Quadrature Capital Ltd bought a new position in Orion Energy Systems in the fourth quarter worth about $202,000. NewEdge Advisors LLC purchased a new stake in shares of Orion Energy Systems during the fourth quarter valued at about $232,000. Finally, Grace & White Inc. NY boosted its holdings in shares of Orion Energy Systems by 9.2% in the 1st quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker's stock valued at $2,110,000 after buying an additional 20,400 shares in the last quarter. Institutional investors own 52.59% of the company's stock.

Orion Energy Systems Stock Down 2.4%

Shares of OESX stock opened at $18.62 on Thursday. Orion Energy Systems, Inc. has a fifty-two week low of $5.60 and a fifty-two week high of $20.80. The firm has a market capitalization of $76.16 million, a PE ratio of -372.40 and a beta of 0.77. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.54. The stock's 50-day simple moving average is $12.26 and its 200-day simple moving average is $11.05.

Orion Energy Systems (NASDAQ:OESX - Get Free Report) last issued its earnings results on Wednesday, August 5th. The electronics maker reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.40. Orion Energy Systems had a return on equity of 11.66% and a net margin of 0.04%.The firm had revenue of $25.74 million for the quarter, compared to analyst estimates of $23.56 million. Equities analysts expect that Orion Energy Systems, Inc. will post 0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on OESX. Weiss Ratings raised shares of Orion Energy Systems from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, August 5th. Zacks Research raised Orion Energy Systems from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, August 10th. HC Wainwright reaffirmed a "buy" rating and set a $30.00 target price on shares of Orion Energy Systems in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Orion Energy Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Orion Energy Systems currently has an average rating of "Moderate Buy" and an average price target of $30.00.

About Orion Energy Systems

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company's product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.

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