North Star Investment Management Corp. increased its position in Orion Energy Systems, Inc. (NASDAQ:OESX – Free Report) by 29.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 525,552 shares of the electronics maker’s stock after acquiring an additional 118,100 shares during the period. North Star Investment Management Corp. owned about 12.98% of Orion Energy Systems worth $4,593,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tieton Capital Management LLC boosted its stake in Orion Energy Systems by 0.6% during the 4th quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock valued at $3,940,000 after purchasing an additional 1,580 shares during the last quarter. Grace & White Inc. NY raised its stake in shares of Orion Energy Systems by 9.2% in the first quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker’s stock worth $2,110,000 after purchasing an additional 20,400 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Orion Energy Systems during the fourth quarter valued at $706,000. NewEdge Advisors LLC bought a new position in shares of Orion Energy Systems during the fourth quarter valued at $232,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Orion Energy Systems during the fourth quarter valued at $202,000. 52.59% of the stock is owned by institutional investors.
Orion Energy Systems Stock Performance
Shares of OESX opened at $11.32 on Monday. The firm has a market capitalization of $45.96 million, a P/E ratio of -12.30 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.41 and a quick ratio of 1.03. Orion Energy Systems, Inc. has a one year low of $5.50 and a one year high of $18.64. The business has a fifty day moving average of $9.49 and a 200 day moving average of $11.98.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on OESX shares. Weiss Ratings downgraded Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 14th. Wall Street Zen cut shares of Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Orion Energy Systems presently has a consensus rating of “Hold” and an average target price of $20.00.
Read Our Latest Analysis on OESX
Orion Energy Systems Profile
Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.
The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.
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