Orion Group Holdings, Inc. (NYSE:ORN) Director Acquires $10,430.00 in Stock

Orion Group Holdings, Inc. (NYSE:ORN) Director Quentin P. Jr. Smith bought 1,400 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average cost of $7.45 per share, for a total transaction of $10,430.00. Following the completion of the transaction, the director now owns 78,678 shares of the company’s stock, valued at approximately $586,151.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Orion Group Stock Up 2.6 %

NYSE:ORN traded up $0.19 during mid-day trading on Thursday, reaching $7.59. The stock had a trading volume of 365,745 shares, compared to its average volume of 287,095. The company has a market capitalization of $249.41 million, a price-to-earnings ratio of -21.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.77. Orion Group Holdings, Inc. has a 1-year low of $2.38 and a 1-year high of $9.84. The stock’s 50 day simple moving average is $7.93 and its two-hundred day simple moving average is $6.10. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 1.32.

Orion Group (NYSE:ORN) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. The business had revenue of $160.67 million during the quarter, compared to the consensus estimate of $174.75 million. Orion Group had a negative return on equity of 4.14% and a negative net margin of 1.59%. Equities analysts anticipate that Orion Group Holdings, Inc. will post 0.23 EPS for the current year.

Hedge Funds Weigh In On Orion Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AJOVista LLC acquired a new position in Orion Group in the fourth quarter valued at approximately $51,000. Tower Research Capital LLC TRC boosted its position in shares of 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 worth $52,000 after buying an additional 10,094 shares during the period. Jump Financial LLC acquired a new position in shares of Orion Group during the fourth quarter worth approximately $82,000. Citigroup Inc. acquired a new position in shares of Orion Group during the third quarter worth approximately $98,000. Finally, Belvedere Trading LLC bought a new stake in Orion Group during the third quarter worth approximately $112,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ORN. StockNews.com lowered Orion Group from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. B. Riley reaffirmed a “buy” rating and set a $9.50 target price (up from $6.25) on shares of Orion Group in a research report on Thursday, March 14th.

Orion Group Company Profile

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