Travis J. Boone Purchases 4,120 Shares of Orion Group Holdings, Inc. (NYSE:ORN) Stock

Orion Group Holdings, Inc. (NYSE:ORN) CEO Travis J. Boone bought 4,120 shares of the stock in a transaction dated Friday, September 13th. The shares were bought at an average cost of $6.00 per share, with a total value of $24,720.00. Following the completion of the purchase, the chief executive officer now directly owns 437,299 shares of the company’s stock, valued at approximately $2,623,794. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Orion Group Stock Up 4.8 %

Shares of ORN traded up $0.29 during mid-day trading on Monday, hitting $6.34. 375,772 shares of the company traded hands, compared to its average volume of 398,357. Orion Group Holdings, Inc. has a 1-year low of $4.09 and a 1-year high of $12.12. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $208.31 million, a PE ratio of -18.11, a price-to-earnings-growth ratio of 3.53 and a beta of 0.83. The business has a 50 day moving average of $7.99 and a 200 day moving average of $8.42.

Orion Group (NYSE:ORN) last issued its earnings results on Wednesday, July 24th. The construction company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.19). Orion Group had a negative net margin of 2.45% and a negative return on equity of 4.81%. The firm had revenue of $192.17 million during the quarter, compared to analysts’ expectations of $194.83 million. During the same quarter in the prior year, the company earned ($0.14) EPS. Equities research analysts anticipate that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their target price on shares of Orion Group from $9.50 to $12.50 and gave the company a “buy” rating in a research note on Tuesday, June 4th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ORN. Jump Financial LLC acquired a new stake in shares of Orion Group in the 4th quarter worth $82,000. G2 Investment Partners Management LLC grew its position in Orion Group by 715.1% in the 4th 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 in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Orion Group by 806.6% during the first quarter. Assenagon Asset Management S.A. now owns 256,865 shares of the construction company’s stock worth $2,106,000 after buying an additional 228,533 shares in the last quarter. Empowered Funds LLC grew its position in shares of Orion Group by 8.2% during the first quarter. Empowered Funds LLC now owns 220,191 shares of the construction company’s stock worth $1,806,000 after buying an additional 16,625 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Orion Group during the first quarter worth about $83,000. 70.25% of the stock is owned by institutional investors and hedge funds.

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.