Mariner LLC Grows Position in Orion Office REIT Inc. (NYSE:ONL)

Mariner LLC raised its holdings in shares of Orion Office REIT Inc. (NYSE:ONL - Free Report) by 127.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 264,614 shares of the company's stock after purchasing an additional 148,223 shares during the period. Mariner LLC owned 0.47% of Orion Office REIT worth $982,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. SG Americas Securities LLC boosted its position in Orion Office REIT by 18.5% during the 4th quarter. SG Americas Securities LLC now owns 24,052 shares of the company's stock valued at $89,000 after acquiring an additional 3,752 shares in the last quarter. Rhumbline Advisers increased its position in Orion Office REIT by 4.7% during the 4th quarter. Rhumbline Advisers now owns 99,675 shares of the company's stock valued at $370,000 after buying an additional 4,462 shares in the last quarter. Martingale Asset Management L P grew its stake in shares of Orion Office REIT by 3.0% in the fourth quarter. Martingale Asset Management L P now owns 229,839 shares of the company's stock worth $853,000 after acquiring an additional 6,616 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Orion Office REIT by 1,215.5% during the fourth quarter. Allworth Financial LP now owns 7,564 shares of the company's stock valued at $30,000 after acquiring an additional 6,989 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Orion Office REIT by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,512,143 shares of the company's stock worth $6,050,000 after purchasing an additional 7,733 shares in the last quarter. Hedge funds and other institutional investors own 79.95% of the company's stock.

Insider Transactions at Orion Office REIT

In other Orion Office REIT news, Director Reginald Harold Gilyard purchased 40,000 shares of Orion Office REIT stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $2.35 per share, with a total value of $94,000.00. Following the transaction, the director now directly owns 109,647 shares of the company's stock, valued at $257,670.45. This trade represents a 57.43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul H. Mcdowell acquired 12,000 shares of the stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of $2.48 per share, for a total transaction of $29,760.00. Following the purchase, the insider now directly owns 293,895 shares in the company, valued at approximately $728,859.60. This trade represents a 4.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 61,446 shares of company stock worth $147,092 over the last three months. 0.16% of the stock is currently owned by company insiders.

Orion Office REIT Stock Up 3.4 %

Orion Office REIT stock traded up $0.07 during trading hours on Friday, hitting $1.97. The stock had a trading volume of 96,443 shares, compared to its average volume of 567,536. The stock's 50-day moving average price is $2.28 and its 200-day moving average price is $3.39. The stock has a market capitalization of $110.38 million, a P/E ratio of -1.28 and a beta of 1.33. Orion Office REIT Inc. has a 12-month low of $1.46 and a 12-month high of $4.39. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60.

Orion Office REIT (NYSE:ONL - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.18 earnings per share for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%. The company had revenue of $38.36 million during the quarter.

Orion Office REIT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Monday, March 31st. Orion Office REIT's payout ratio is presently -4.35%.

Orion Office REIT Profile

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.