HB Wealth Management LLC bought a new stake in shares of Orion Office REIT Inc. (NYSE:ONL – Free Report) during the first quarter, HoldingsChannel reports. The fund bought 16,000 shares of the company’s stock, valued at approximately $56,000.
Other hedge funds also recently bought and sold shares of the company. Private Management Group Inc. boosted its stake in shares of Orion Office REIT by 3.7% during the fourth quarter. Private Management Group Inc. now owns 4,775,447 shares of the company’s stock valued at $27,316,000 after acquiring an additional 172,473 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Orion Office REIT by 29.9% during the 1st quarter. Los Angeles Capital Management LLC now owns 496,856 shares of the company’s stock worth $1,744,000 after purchasing an additional 114,400 shares during the last quarter. LSV Asset Management purchased a new stake in shares of Orion Office REIT during the fourth quarter worth about $336,000. Simplicity Wealth LLC acquired a new position in shares of Orion Office REIT in the first quarter valued at approximately $69,000. Finally, Pinnacle Wealth Planning Services Inc. raised its position in shares of Orion Office REIT by 138.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 25,828 shares of the company’s stock valued at $148,000 after buying an additional 15,005 shares during the last quarter. Hedge funds and other institutional investors own 79.95% of the company’s stock.
Orion Office REIT Stock Performance
Shares of ONL stock traded down $0.12 during mid-day trading on Friday, hitting $3.37. 148,148 shares of the company’s stock were exchanged, compared to its average volume of 469,724. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.05 and a quick ratio of 1.05. Orion Office REIT Inc. has a fifty-two week low of $3.01 and a fifty-two week high of $7.07. The stock has a 50-day simple moving average of $3.50 and a two-hundred day simple moving average of $4.09.
Orion Office REIT Dividend Announcement
Wall Street Analyst Weigh In
Separately, JMP Securities restated a “market perform” rating on shares of Orion Office REIT in a research report on Tuesday, June 11th.
View Our Latest Stock Analysis on ONL
Orion Office REIT Profile
Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.
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