ArrowMark Colorado Holdings LLC Has $4.95 Million Stock Holdings in Orion S.A. (NYSE:OEC)

ArrowMark Colorado Holdings LLC grew its position in shares of Orion S.A. (NYSE:OEC) by 526.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 313,188 shares of the specialty chemicals company’s stock after acquiring an additional 263,188 shares during the quarter. ArrowMark Colorado Holdings LLC owned 0.54% of Orion worth $4,945,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. boosted its stake in shares of Orion by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 57,672 shares of the specialty chemicals company’s stock worth $984,000 after buying an additional 1,775 shares during the last quarter. MetLife Investment Management LLC grew its stake in Orion by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 35,294 shares of the specialty chemicals company’s stock valued at $557,000 after purchasing an additional 1,954 shares in the last quarter. Inspire Investing LLC increased its position in shares of Orion by 9.2% during the 4th 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. Rhumbline Advisers raised its stake in shares of Orion by 2.9% during the 4th quarter. Rhumbline Advisers now owns 79,177 shares of the specialty chemicals company’s stock worth $1,250,000 after purchasing an additional 2,245 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Orion by 19.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,577 shares of the specialty chemicals company’s stock valued at $357,000 after buying an additional 3,630 shares during the last quarter. 94.33% of the stock is owned by institutional investors.

Insider Transactions at Orion

In other Orion news, VP Carlos Quinones purchased 3,300 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $13.07 per share, with a total value of $43,131.00. Following the completion of the transaction, the vice president now owns 79,702 shares in the company, valued at $1,041,705.14. The trade was a 4.32 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

OEC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. downgraded shares of Orion from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $18.00 to $12.00 in a report on Thursday, April 24th. UBS Group dropped their target price on shares of Orion from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 20th.

Orion Stock Up 1.8 %

OEC opened at $12.17 on Friday. The stock’s fifty day simple moving average is $12.65 and its 200 day simple moving average is $14.78. Orion S.A. has a 1-year low of $10.50 and a 1-year high of $26.05. The stock has a market cap of $685.40 million, a PE ratio of 16.23 and a beta of 1.20. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42.

Orion (NYSE:OEC) last issued its quarterly earnings data 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 company had revenue of $434.20 million for the quarter, compared to analyst estimates of $437.03 million. Orion had a net margin of 2.35% and a return on equity of 20.94%. As a group, research analysts expect 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. Stockholders of record on Wednesday, June 11th will be given a $0.0207 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Wednesday, June 11th. Orion’s payout ratio is 10.67%.

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.