Insider Buying: Orion Group Holdings, Inc. (NYSE:ORN) CEO Purchases 12,000 Shares of Stock

Orion Group Holdings, Inc. (NYSE:ORNGet Free Report) CEO Travis J. Boone purchased 12,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $7.01 per share, with a total value of $84,120.00. Following the transaction, the chief executive officer now directly owns 402,557 shares of the company’s stock, valued at approximately $2,821,924.57. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Orion Group Trading Up 2.7 %

Shares of NYSE:ORN traded up $0.18 during midday trading on Monday, reaching $6.85. The company’s stock had a trading volume of 346,368 shares, compared to its average volume of 127,783. The firm has a market cap of $222.56 million, a price-to-earnings ratio of -12.13, a price-to-earnings-growth ratio of 1.94 and a beta of 0.65. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. Orion Group Holdings, Inc. has a 1 year low of $2.33 and a 1 year high of $7.28. The business has a 50 day moving average price of $5.60 and a 200 day moving average price of $5.10.

Institutional Investors Weigh In On Orion Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new stake in Orion Group during the fourth quarter valued at about $210,000. Barclays PLC grew its position in Orion Group by 96.1% during the fourth quarter. Barclays PLC now owns 60,855 shares of the construction company’s stock valued at $300,000 after acquiring an additional 29,816 shares during the period. G2 Investment Partners Management LLC grew its position in Orion Group by 715.1% during the fourth quarter. G2 Investment Partners Management LLC now owns 481,974 shares of the construction company’s stock valued at $2,381,000 after acquiring an additional 422,842 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Orion Group during the fourth quarter valued at about $146,000. Finally, Tower Research Capital LLC TRC grew its position in Orion Group by 2,851.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,448 shares of the construction company’s stock valued at $52,000 after acquiring an additional 10,094 shares during the period. Hedge funds and other institutional investors own 56.33% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Orion Group from a “hold” rating to a “strong-buy” rating in a research report on Friday.

View Our Latest Research Report on ORN

Orion Group Company Profile

(Get Free Report)

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides various marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

See Also

Receive News & Ratings for Orion Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Group and related companies with MarketBeat.com's FREE daily email newsletter.