Orion S.A. (NYSE:OEC) Shares Bought by Numerai GP LLC

Numerai GP LLC boosted its position in shares of Orion S.A. (NYSE:OEC - Free Report) by 97.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,484 shares of the specialty chemicals company's stock after buying an additional 25,895 shares during the period. Numerai GP LLC owned approximately 0.09% of Orion worth $829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. William Blair Investment Management LLC raised its holdings in shares of Orion by 21.1% in the fourth quarter. William Blair Investment Management LLC now owns 3,461,950 shares of the specialty chemicals company's stock worth $54,664,000 after buying an additional 602,080 shares during the period. Brown Advisory Inc. raised its holdings in shares of Orion by 11.3% in the fourth quarter. Brown Advisory Inc. now owns 2,617,287 shares of the specialty chemicals company's stock worth $41,327,000 after buying an additional 265,184 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Orion by 11.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,186,942 shares of the specialty chemicals company's stock worth $34,529,000 after buying an additional 233,342 shares during the period. Minneapolis Portfolio Management Group LLC raised its holdings in shares of Orion by 20.0% in the fourth quarter. Minneapolis Portfolio Management Group LLC now owns 1,922,698 shares of the specialty chemicals company's stock worth $30,359,000 after buying an additional 320,157 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Orion by 12.1% in the fourth quarter. American Century Companies Inc. now owns 1,747,183 shares of the specialty chemicals company's stock worth $27,588,000 after buying an additional 188,131 shares during the period. 94.33% of the stock is owned by institutional investors.

Orion Stock Up 1.9%

Shares of Orion stock traded up $0.21 during trading on Friday, reaching $11.35. The company's stock had a trading volume of 945,283 shares, compared to its average volume of 531,443. The company has a 50-day simple moving average of $12.14 and a two-hundred day simple moving average of $14.44. Orion S.A. has a 1-year low of $9.59 and a 1-year high of $26.05. The company has a quick ratio of 0.71, a current ratio of 1.24 and a debt-to-equity ratio of 1.42. The company has a market cap of $638.66 million, a price-to-earnings ratio of 15.13 and a beta of 1.20.

Orion (NYSE:OEC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.31). Orion had a return on equity of 20.94% and a net margin of 2.35%. The firm had revenue of $477.70 million for the quarter, compared to analyst estimates of $486.06 million. During the same period in the prior year, the firm posted $0.52 EPS. The business's revenue was down 5.0% compared to the same quarter last year. As a group, equities analysts forecast that Orion S.A. will post 1.73 earnings per share for the current year.

Orion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.0207 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a yield of 0.73%. Orion's dividend payout ratio is currently 17.39%.

Wall Street Analyst Weigh In

Several research analysts have commented on OEC shares. JPMorgan Chase & Co. downgraded Orion from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $18.00 to $12.00 in a report on Thursday, April 24th. UBS Group reduced their price objective on Orion from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, May 8th.

Insiders Place Their Bets

In other news, VP Carlos Quinones acquired 3,300 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $13.07 per share, for a total transaction of $43,131.00. Following the purchase, the vice president now owns 79,702 shares in the company, valued at approximately $1,041,705.14. This represents a 4.32% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

About Orion

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.