Grace & White Inc. NY Has $5.73 Million Position in Orion Group Holdings, Inc. (NYSE:ORN)

Grace & White Inc. NY cut its stake in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 992,797 shares of the construction company’s stock after selling 27,435 shares during the quarter. Orion Group makes up approximately 1.0% of Grace & White Inc. NY’s portfolio, making the stock its 28th biggest position. Grace & White Inc. NY’s holdings in Orion Group were worth $5,728,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GDS Wealth Management raised its position in shares of Orion Group by 8.4% in the 2nd quarter. GDS Wealth Management now owns 51,338 shares of the construction company’s stock worth $488,000 after acquiring an additional 4,000 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Orion Group in the 1st quarter worth about $41,000. Oppenheimer Asset Management Inc. bought a new position in shares of Orion Group in the 1st quarter worth about $83,000. Northeast Financial Consultants Inc raised its position in shares of Orion Group by 7.9% in the 2nd quarter. Northeast Financial Consultants Inc now owns 146,060 shares of the construction company’s stock worth $1,389,000 after acquiring an additional 10,695 shares in the last quarter. Finally, Valmark Advisers Inc. bought a new position in shares of Orion Group in the 2nd quarter worth about $107,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Orion Group Stock Performance

ORN stock opened at $6.00 on Tuesday. The stock has a 50-day moving average price of $6.47 and a 200-day moving average price of $8.02. Orion Group Holdings, Inc. has a 1-year low of $4.09 and a 1-year high of $12.12. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 0.52. The firm has a market cap of $197.14 million, a PE ratio of -16.89, a price-to-earnings-growth ratio of 7.51 and a beta of 0.81.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.19). Orion Group had a negative return on equity of 4.81% and a negative net margin of 2.45%. The business had revenue of $192.17 million during the quarter, compared to the consensus estimate of $194.83 million. During the same period last year, the business posted ($0.14) earnings per share. As a group, equities research analysts expect that Orion Group Holdings, Inc. will post 0.03 earnings per share for the current year.

Insider Activity at Orion Group

In other news, Director Mary E. Sullivan bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $6.80 per share, with a total value of $68,000.00. Following the transaction, the director now directly owns 256,187 shares of the company’s stock, valued at approximately $1,742,071.60. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Travis J. Boone acquired 3,700 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $6.79 per share, with a total value of $25,123.00. Following the acquisition, the chief executive officer now owns 488,719 shares of the company’s stock, valued at approximately $3,318,402.01. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mary E. Sullivan acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $6.80 per share, with a total value of $68,000.00. Following the completion of the acquisition, the director now directly owns 256,187 shares in the company, valued at approximately $1,742,071.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 33,953 shares of company stock valued at $216,658 in the last three months. Corporate insiders own 7.30% of the company’s stock.

Orion Group Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.