ArrowMark Colorado Holdings LLC Purchases New Holdings in Orion S.A. (NYSE:OEC)

ArrowMark Colorado Holdings LLC acquired a new position in shares of Orion S.A. (NYSE:OEC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 50,000 shares of the specialty chemicals company’s stock, valued at approximately $890,000.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC boosted its position in shares of Orion by 207.0% in the second quarter. CWM LLC now owns 2,094 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 1,412 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Orion during the 2nd quarter valued at about $54,000. nVerses Capital LLC purchased a new position in Orion during the 3rd quarter valued at about $69,000. Quarry LP increased its holdings in shares of Orion by 76.9% in the 2nd quarter. Quarry LP now owns 4,776 shares of the specialty chemicals company’s stock valued at $105,000 after purchasing an additional 2,076 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Orion during the second quarter worth approximately $140,000. 94.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Orion from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $20.00 to $21.00 in a research note on Monday, November 11th. StockNews.com downgraded shares of Orion from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

Orion Trading Up 4.8 %

Shares of NYSE OEC opened at $19.30 on Tuesday. The business has a 50 day simple moving average of $16.99 and a 200 day simple moving average of $19.54. Orion S.A. has a 52 week low of $14.94 and a 52 week high of $28.48. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 36.41 and a beta of 1.51. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 1.24.

Orion (NYSE:OEC) last posted its earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $463.40 million during the quarter, compared to the consensus estimate of $489.01 million. Orion had a return on equity of 18.97% and a net margin of 1.67%. On average, research analysts predict that Orion S.A. will post 1.68 earnings per share for the current fiscal year.

Orion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.021 per share. This is a positive change from Orion’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, December 13th. Orion’s dividend payout ratio (DPR) is 15.09%.

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.