Orion Group Holdings, Inc. (NYSE:ORN) CEO Travis J. Boone Buys 2,160 Shares

Orion Group Holdings, Inc. (NYSE:ORN) CEO Travis J. Boone bought 2,160 shares of Orion Group stock in a transaction dated Tuesday, April 30th. The stock was acquired at an average cost of $6.97 per share, with a total value of $15,055.20. Following the completion of the acquisition, the chief executive officer now owns 485,019 shares of the company’s stock, valued at $3,380,582.43. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Orion Group Stock Performance

Orion Group stock traded up $0.20 during midday trading on Tuesday, reaching $7.11. The stock had a trading volume of 407,724 shares, compared to its average volume of 285,734. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $230.65 million, a PE ratio of -20.31, a P/E/G ratio of 1.47 and a beta of 0.70. Orion Group Holdings, Inc. has a 12 month low of $2.38 and a 12 month high of $9.84. The firm’s 50-day moving average price is $7.90 and its 200 day moving average price is $6.08.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. Orion Group had a negative net margin of 1.59% and a negative return on equity of 4.14%. The company had revenue of $160.67 million for the quarter, compared to analysts’ expectations of $174.75 million. As a group, research analysts predict that Orion Group Holdings, Inc. will post 0.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on ORN. B. Riley reiterated a “buy” rating and set a $9.50 target price (up from $6.25) on shares of Orion Group in a research note on Thursday, March 14th. StockNews.com cut shares of Orion Group from a “buy” rating to a “hold” rating in a research note on Friday.

Institutional Trading of Orion Group

A number of hedge funds and other institutional investors have recently bought and sold shares of ORN. AJOVista LLC purchased a new stake in shares of Orion Group in the 4th quarter valued at about $51,000. Tower Research Capital LLC TRC raised its stake in Orion Group by 2,851.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,448 shares of the construction company’s stock valued at $52,000 after purchasing an additional 10,094 shares in the last quarter. Jump Financial LLC bought a new stake in Orion Group during the fourth quarter valued at approximately $82,000. Citigroup Inc. purchased a new position in Orion Group in the 3rd quarter worth approximately $98,000. Finally, Belvedere Trading LLC bought a new position in shares of Orion Group in the 3rd quarter worth $112,000. Institutional investors own 70.25% of the company’s stock.

About Orion Group

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.