Walleye Capital LLC Buys Shares of 27,855 Orion S.A. $OEC

Key Points

• Walleye Capital LLC has invested approximately $360,000 in Orion S.A., purchasing 27,855 shares of the specialty chemicals company during the first quarter.
• Orion S.A. reported earnings per share (EPS) of $0.32 for the last quarter, missing analysts' estimates and showing a 2.2% year-over-year decline in revenue.
• Several analysts have recently downgraded Orion S.A.'s stock, with current ratings indicating a consensus target price of $12.00 and a prevailing "Reduce" rating.

Walleye Capital LLC purchased a new stake in shares of Orion S.A. (NYSE:OEC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 27,855 shares of the specialty chemicals company's stock, valued at approximately $360,000.

Other hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its holdings in shares of Orion by 1,256.0% in the first quarter. Exchange Traded Concepts LLC now owns 6,007 shares of the specialty chemicals company's stock valued at $78,000 after acquiring an additional 5,564 shares in the last quarter. CWM LLC grew its holdings in shares of Orion by 831.7% in the first quarter. CWM LLC now owns 6,662 shares of the specialty chemicals company's stock valued at $86,000 after acquiring an additional 5,947 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Orion in the fourth quarter valued at approximately $159,000. Freestone Grove Partners LP bought a new position in shares of Orion in the fourth quarter valued at approximately $211,000. Finally, Virtu Financial LLC bought a new position in shares of Orion in the first quarter valued at approximately $177,000. Institutional investors own 94.33% of the company's stock.

Orion Stock Performance

Orion stock traded up $0.29 during trading on Friday, hitting $10.61. The stock had a trading volume of 458,648 shares, compared to its average volume of 563,536. Orion S.A. has a 1 year low of $9.03 and a 1 year high of $19.48. The company has a quick ratio of 0.64, a current ratio of 1.10 and a debt-to-equity ratio of 1.46. The stock's 50 day moving average is $10.59 and its two-hundred day moving average is $11.49. The stock has a market cap of $595.75 million, a price-to-earnings ratio of 39.30 and a beta of 1.05.

Orion (NYSE:OEC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The specialty chemicals company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). Orion had a net margin of 0.82% and a return on equity of 16.67%. The firm had revenue of $466.40 million during the quarter, compared to analysts' expectations of $475.77 million. During the same quarter in the previous year, the company posted $0.41 EPS. Orion's revenue for the quarter was down 2.2% on a year-over-year basis. As a group, analysts predict that Orion S.A. will post 1.73 EPS for the current year.

Orion Dividend Announcement

The firm also recently announced a interim dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Monday, July 7th will be issued a dividend of $0.0207 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a yield of 80.0%. Orion's payout ratio is presently 29.63%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $9.00 target price (down from $10.00) on shares of Orion in a report on Monday, August 11th. Mizuho reduced their target price on Orion from $12.00 to $10.00 and set a "neutral" rating for the company in a report on Tuesday, July 15th. Finally, Zacks Research raised Orion to a "strong sell" rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $12.00.

Orion Company Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.