Orion S.A. $OEC Shares Bought by Inspire Investing LLC

Inspire Investing LLC boosted its stake in shares of Orion S.A. (NYSE:OEC) by 37.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,431 shares of the specialty chemicals company’s stock after buying an additional 9,847 shares during the period. Inspire Investing LLC owned 0.06% of Orion worth $382,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Orion during the first quarter worth $59,000. Exchange Traded Concepts LLC raised its position in Orion by 1,256.0% in the first quarter. Exchange Traded Concepts LLC now owns 6,007 shares of the specialty chemicals company’s stock valued at $78,000 after purchasing an additional 5,564 shares during the period. CWM LLC raised its position in Orion by 831.7% in the first quarter. CWM LLC now owns 6,662 shares of the specialty chemicals company’s stock valued at $86,000 after purchasing an additional 5,947 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Orion in the first quarter valued at $137,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in Orion by 30.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,108 shares of the specialty chemicals company’s stock valued at $169,000 after purchasing an additional 3,046 shares during the period. Institutional investors and hedge funds own 94.33% of the company’s stock.

Orion Price Performance

Shares of NYSE OEC opened at $6.15 on Friday. The stock’s 50-day moving average is $8.99 and its two-hundred day moving average is $10.39. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.10 and a quick ratio of 0.64. Orion S.A. has a 1-year low of $5.23 and a 1-year high of $19.48. The company has a market cap of $345.32 million, a price-to-earnings ratio of 22.78 and a beta of 1.02.

Orion (NYSE:OEC) last issued its quarterly earnings results on Wednesday, August 6th. The specialty chemicals company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). Orion had a return on equity of 16.67% and a net margin of 0.82%.The company had revenue of $466.40 million for the quarter, compared to analysts’ expectations of $475.77 million. During the same quarter last year, the company earned $0.41 EPS. Orion’s revenue for the quarter was down 2.2% compared to the same quarter last year. Analysts forecast that Orion S.A. will post 1.73 EPS for the current fiscal year.

Orion Announces Dividend

The business also recently declared a interim dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.0207 per share. The ex-dividend date is Friday, December 12th. This represents a yield of 80.0%. Orion’s dividend payout ratio is 29.63%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OEC. JPMorgan Chase & Co. restated an “underweight” rating and issued a $9.00 target price (down previously from $10.00) on shares of Orion in a research report on Monday, August 11th. Zacks Research upgraded Orion from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings restated a “sell (d)” rating on shares of Orion in a research report on Wednesday, October 8th. Mizuho set a $7.00 target price on Orion in a research report on Friday, October 3rd. Finally, UBS Group reduced their target price on Orion from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $9.33.

Orion Profile

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.