FNY Investment Advisers LLC Sells 26,252 Shares of Origin Materials, Inc. $ORGN

FNY Investment Advisers LLC lowered its position in shares of Origin Materials, Inc. (NASDAQ:ORGN) by 23.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,750 shares of the financial services provider’s stock after selling 26,252 shares during the period. FNY Investment Advisers LLC owned about 0.06% of Origin Materials worth $41,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Virtu Financial LLC lifted its holdings in Origin Materials by 66.9% during the 1st quarter. Virtu Financial LLC now owns 90,016 shares of the financial services provider’s stock worth $60,000 after buying an additional 36,097 shares during the period. XTX Topco Ltd acquired a new position in Origin Materials during the 1st quarter worth about $101,000. Finally, Rehmann Capital Advisory Group acquired a new position in Origin Materials during the 1st quarter worth about $406,000. 29.91% of the stock is owned by institutional investors and hedge funds.

Origin Materials Stock Up 4.4%

ORGN stock opened at $0.73 on Friday. The stock’s 50 day simple moving average is $0.56 and its 200 day simple moving average is $0.59. Origin Materials, Inc. has a fifty-two week low of $0.40 and a fifty-two week high of $1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.33 and a current ratio of 6.37. The company has a market cap of $108.71 million, a P/E ratio of -1.17 and a beta of 0.86.

Origin Materials (NASDAQ:ORGN) last posted its quarterly earnings results on Thursday, August 14th. The financial services provider reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). Origin Materials had a negative return on equity of 27.05% and a negative net margin of 312.11%.The business had revenue of $5.80 million for the quarter, compared to the consensus estimate of $29.10 million. Origin Materials has set its FY 2026 guidance at EPS. FY 2027 guidance at EPS. On average, research analysts expect that Origin Materials, Inc. will post -0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Origin Materials in a report on Wednesday, October 8th. Wall Street Zen downgraded Origin Materials to a “strong sell” rating in a report on Saturday, July 5th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell” and an average target price of $1.50.

Origin Materials Profile

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.