103,247 Shares in Origin Materials, Inc. (NASDAQ:ORGN) Bought by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Origin Materials, Inc. (NASDAQ:ORGN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 103,247 shares of the financial services provider’s stock, valued at approximately $159,000. Virtu Financial LLC owned 0.07% of Origin Materials at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ORGN. Vanguard Personalized Indexing Management LLC acquired a new position in Origin Materials in the second quarter worth about $31,000. US Bancorp DE grew its position in Origin Materials by 464.0% in the third quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 23,200 shares during the period. Point72 DIFC Ltd acquired a new position in Origin Materials during the second quarter worth $50,000. AQR Capital Management LLC lifted its holdings in shares of Origin Materials by 352.9% during the second quarter. AQR Capital Management LLC now owns 98,969 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 77,119 shares during the period. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Origin Materials in the 3rd quarter valued at $92,000. Institutional investors and hedge funds own 29.91% of the company’s stock.

Insider Activity

In other Origin Materials news, CEO Richard J. Riley purchased 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of $1.00 per share, with a total value of $300,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 749,083 shares of the company’s stock, valued at $749,083. This represents a 66.80 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew T. Plavan sold 120,000 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $1.32, for a total transaction of $158,400.00. Following the sale, the chief financial officer now directly owns 1,223,088 shares in the company, valued at approximately $1,614,476.16. This represents a 8.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 203,625 shares of company stock worth $250,875. Insiders own 17.49% of the company’s stock.

Origin Materials Stock Down 11.1 %

Shares of Origin Materials stock opened at $0.96 on Thursday. Origin Materials, Inc. has a 12-month low of $0.44 and a 12-month high of $1.90. The stock has a market capitalization of $140.40 million, a P/E ratio of -1.68 and a beta of 0.95. The company has a 50-day simple moving average of $1.28 and a 200 day simple moving average of $1.21.

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.