Jacobs Levy Equity Management Inc. Reduces Stock Holdings in Origin Materials, Inc. (NASDAQ:ORGN)

Jacobs Levy Equity Management Inc. decreased its position in shares of Origin Materials, Inc. (NASDAQ:ORGN - Free Report) by 66.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 792,196 shares of the financial services provider's stock after selling 1,558,667 shares during the period. Jacobs Levy Equity Management Inc. owned 0.54% of Origin Materials worth $1,014,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Two Sigma Securities LLC acquired a new position in shares of Origin Materials in the 4th quarter valued at $34,000. StoneX Group Inc. purchased a new position in shares of Origin Materials in the 4th quarter valued at approximately $35,000. Barclays PLC raised its stake in shares of Origin Materials by 3,019,800.0% during the fourth quarter. Barclays PLC now owns 30,199 shares of the financial services provider's stock worth $39,000 after purchasing an additional 30,198 shares during the last quarter. Capstone Wealth Management LLC acquired a new stake in shares of Origin Materials during the fourth quarter worth $50,000. Finally, Arete Wealth Advisors LLC grew its position in Origin Materials by 21.7% in the 4th quarter. Arete Wealth Advisors LLC now owns 90,013 shares of the financial services provider's stock valued at $115,000 after buying an additional 16,050 shares during the last quarter. Hedge funds and other institutional investors own 29.91% of the company's stock.

Origin Materials Trading Down 5.0%

Shares of Origin Materials stock traded down $0.03 on Tuesday, reaching $0.49. 1,322,746 shares of the stock were exchanged, compared to its average volume of 1,473,770. The firm has a market capitalization of $73.39 million, a PE ratio of -0.86 and a beta of 0.98. Origin Materials, Inc. has a 1-year low of $0.40 and a 1-year high of $1.90. The business has a fifty day moving average price of $0.67 and a two-hundred day moving average price of $0.92.

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 the consensus estimate of ($0.08) by ($0.10). The company had revenue of $5.43 million for the quarter, compared to analysts' expectations of $29.10 million. Origin Materials had a negative return on equity of 21.26% and a negative net margin of 229.52%. Research analysts expect that Origin Materials, Inc. will post -0.6 EPS for the current year.

About Origin Materials

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.