Marshall Wace LLP Takes $783,000 Position in Origin Materials, Inc. (NASDAQ:ORGN)

Marshall Wace LLP bought a new position in shares of Origin Materials, Inc. (NASDAQ:ORGN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 611,882 shares of the financial services provider's stock, valued at approximately $783,000. Marshall Wace LLP owned approximately 0.42% of Origin Materials at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Origin Materials by 6.3% in the third quarter. Geode Capital Management LLC now owns 1,486,519 shares of the financial services provider's stock valued at $2,290,000 after buying an additional 87,751 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Origin Materials by 193.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,153,200 shares of the financial services provider's stock worth $1,476,000 after buying an additional 760,700 shares during the last quarter. State Street Corp boosted its position in shares of Origin Materials by 2.1% in the 3rd quarter. State Street Corp now owns 480,194 shares of the financial services provider's stock worth $739,000 after buying an additional 10,000 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Origin Materials in the 4th quarter valued at about $194,000. Finally, Virtu Financial LLC acquired a new stake in Origin Materials in the 3rd quarter valued at about $159,000. Institutional investors and hedge funds own 29.91% of the company's stock.

Origin Materials Stock Up 0.3 %

Shares of ORGN traded up $0.00 during mid-day trading on Wednesday, hitting $0.66. The company had a trading volume of 563,878 shares, compared to its average volume of 1,457,904. Origin Materials, Inc. has a 1-year low of $0.42 and a 1-year high of $1.90. The business's 50-day simple moving average is $0.70 and its 200-day simple moving average is $0.97. The stock has a market cap of $98.84 million, a PE ratio of -1.16 and a beta of 0.98.

Origin Materials (NASDAQ:ORGN - Get Free Report) last issued its earnings results on Thursday, March 13th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.02. Origin Materials had a negative return on equity of 21.26% and a negative net margin of 229.52%. The business had revenue of $9.22 million during the quarter, compared to analysts' expectations of $9.08 million. On average, sell-side analysts expect that Origin Materials, Inc. will post -0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Bank of America downgraded Origin Materials from a "buy" rating to an "underperform" rating and dropped their price target for the stock from $2.50 to $1.50 in a research report on Tuesday, January 14th.

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.