Perkins Capital Management Inc. Invests $173,000 in Orion Group Holdings, Inc. (NYSE:ORN)

Perkins Capital Management Inc. bought a new position in Orion Group Holdings, Inc. (NYSE:ORN) in the 3rd quarter, HoldingsChannel reports. The fund bought 30,000 shares of the construction company’s stock, valued at approximately $173,000.

Several other hedge funds and other institutional investors have also modified their holdings of ORN. Lazard Asset Management LLC acquired a new stake in Orion Group during the first quarter valued at $41,000. SG Americas Securities LLC acquired a new stake in Orion Group during the third quarter valued at $67,000. Oppenheimer Asset Management Inc. acquired a new stake in Orion Group during the first quarter valued at $83,000. Valmark Advisers Inc. acquired a new stake in Orion Group during the second quarter valued at $107,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Orion Group during the second quarter valued at $115,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Orion Group Price Performance

NYSE ORN opened at $7.84 on Thursday. Orion Group Holdings, Inc. has a fifty-two week low of $4.09 and a fifty-two week high of $12.12. The stock’s 50-day moving average is $6.13 and its two-hundred day moving average is $7.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The firm has a market cap of $304.78 million, a P/E ratio of -19.59, a price-to-earnings-growth ratio of 3.60 and a beta of 0.80.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Orion Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

Insider Buying and Selling at Orion Group

In other Orion Group news, EVP Edward Chipman Earle acquired 15,633 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $6.05 per share, for a total transaction of $94,579.65. Following the completion of the purchase, the executive vice president now owns 86,235 shares of the company’s stock, valued at approximately $521,721.75. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.30% of the company’s stock.

Orion Group 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.