North Star Investment Management Corp. Has $11.66 Million Stock Position in Orion Energy Systems, Inc. (NASDAQ:OESX)

North Star Investment Management Corp. raised its stake in Orion Energy Systems, Inc. (NASDAQ:OESX) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,090,585 shares of the electronics maker’s stock after purchasing an additional 182,716 shares during the period. Orion Energy Systems makes up approximately 1.3% of North Star Investment Management Corp.’s holdings, making the stock its 10th biggest position. North Star Investment Management Corp. owned 13.58% of Orion Energy Systems worth $11,658,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in OESX. Citadel Advisors LLC bought a new position in shares of Orion Energy Systems during the 2nd quarter worth about $32,000. Jane Street Group LLC bought a new position in shares of Orion Energy Systems during the 2nd quarter worth about $51,000. Susquehanna International Group LLP bought a new position in shares of Orion Energy Systems during the 2nd quarter worth about $59,000. Bailard Inc. bought a new position in shares of Orion Energy Systems during the 2nd quarter worth about $91,000. Finally, Royal Bank of Canada bought a new position in shares of Orion Energy Systems during the 2nd quarter worth about $108,000. 34.71% of the stock is owned by institutional investors.

OESX stock traded up $0.04 during trading on Thursday, hitting $2.67. 2,800 shares of the stock traded hands, compared to its average volume of 140,954. Orion Energy Systems, Inc. has a one year low of $0.53 and a one year high of $3.49. The stock has a market cap of $85.85 million, a price-to-earnings ratio of -11.61 and a beta of 2.11. The company has a 50 day simple moving average of $2.74 and a 200 day simple moving average of $2.30. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Monday, August 5th. The electronics maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. The firm had revenue of $42.38 million during the quarter, compared to the consensus estimate of $26.90 million. Orion Energy Systems had a negative net margin of 0.01% and a negative return on equity of 0.07%. As a group, analysts predict that Orion Energy Systems, Inc. will post 0.32 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on OESX shares. B. Riley started coverage on shares of Orion Energy Systems in a report on Wednesday, September 4th. They set a “buy” rating and a $4.00 price target for the company. ValuEngine downgraded shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a report on Wednesday. TheStreet raised shares of Orion Energy Systems from a “d” rating to a “c” rating in a report on Monday, August 5th. HC Wainwright lifted their price target on shares of Orion Energy Systems from $3.75 to $4.50 and gave the company a “buy” rating in a report on Wednesday, June 5th. Finally, Zacks Investment Research raised shares of Orion Energy Systems from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $3.09.

Orion Energy Systems Profile

Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.

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Institutional Ownership by Quarter for Orion Energy Systems (NASDAQ:OESX)

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