Nebula Research & Development LLC Reduces Stock Position in Orion S.A. (NYSE:OEC)

Nebula Research & Development LLC trimmed its stake in shares of Orion S.A. (NYSE:OEC) by 28.5% in the 4th quarter, Holdings Channel reports. The firm owned 51,281 shares of the specialty chemicals company’s stock after selling 20,397 shares during the period. Nebula Research & Development LLC’s holdings in Orion were worth $810,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in Orion during the 4th quarter valued at $171,000. Trexquant Investment LP bought a new stake in shares of Orion in the fourth quarter worth $206,000. Price T Rowe Associates Inc. MD increased its position in Orion by 19.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,577 shares of the specialty chemicals company’s stock valued at $357,000 after acquiring an additional 3,630 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Orion by 18.0% in the fourth quarter. SG Americas Securities LLC now owns 23,911 shares of the specialty chemicals company’s stock valued at $378,000 after acquiring an additional 3,646 shares during the period. Finally, Inspire Investing LLC boosted its position in Orion by 9.2% in the fourth quarter. Inspire Investing LLC now owns 25,351 shares of the specialty chemicals company’s stock worth $400,000 after purchasing an additional 2,138 shares during the last quarter. Institutional investors own 94.33% of the company’s stock.

Insider Activity

In other Orion news, VP Carlos Quinones bought 3,300 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $13.07 per share, with a total value of $43,131.00. Following the purchase, the vice president now owns 79,702 shares of the company’s stock, valued at $1,041,705.14. This trade represents a 4.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

Orion Stock Down 1.6 %

NYSE OEC opened at $12.03 on Monday. Orion S.A. has a 52 week low of $10.50 and a 52 week 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 capitalization of $681.55 million, a P/E ratio of 16.04 and a beta of 1.25. The stock’s 50-day moving average price is $12.92 and its 200-day moving average price is $14.94.

Orion (NYSE:OEC) last issued its quarterly earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.10. The business had revenue of $434.20 million for the quarter, compared to the consensus estimate of $437.03 million. Orion had a net margin of 2.35% and a return on equity of 20.94%. On average, equities research analysts predict that Orion S.A. will post 1.73 earnings per share for the current year.

Orion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be issued a $0.0207 dividend. This represents a $0.08 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Wednesday, June 11th. Orion’s dividend payout ratio is currently 10.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Orion from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $12.00 in a research report on Thursday. UBS Group reduced their target price on shares of Orion from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 20th.

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.