Grace & White Inc. NY Has $5.73 Million Stake in Orion Group Holdings, Inc. (NYSE:ORN)

Grace & White Inc. NY decreased its position in Orion Group Holdings, Inc. (NYSE:ORN) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 992,797 shares of the construction company’s stock after selling 27,435 shares during the quarter. Orion Group comprises approximately 1.0% of Grace & White Inc. NY’s investment portfolio, making the stock its 28th biggest position. Grace & White Inc. NY owned about 3.02% of Orion Group worth $5,728,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GDS Wealth Management increased its stake in Orion Group by 8.4% during the 2nd quarter. GDS Wealth Management now owns 51,338 shares of the construction company’s stock worth $488,000 after acquiring an additional 4,000 shares during the period. Lazard Asset Management LLC bought a new position in Orion Group during the 1st quarter worth $41,000. Oppenheimer Asset Management Inc. bought a new position in Orion Group during the 1st quarter worth $83,000. Northeast Financial Consultants Inc increased its stake in Orion Group by 7.9% during the 2nd quarter. Northeast Financial Consultants Inc now owns 146,060 shares of the construction company’s stock worth $1,389,000 after acquiring an additional 10,695 shares during the period. Finally, Valmark Advisers Inc. bought a new position in Orion Group during the 2nd quarter worth $107,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Orion Group Price Performance

Orion Group stock opened at $6.00 on Tuesday. The stock’s fifty day moving average price is $6.47 and its two-hundred day moving average price is $8.02. Orion Group Holdings, Inc. has a one year low of $4.09 and a one year high of $12.12. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 1.32. The firm has a market cap of $197.14 million, a PE ratio of -16.89, a price-to-earnings-growth ratio of 7.51 and a beta of 0.81.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $192.17 million during the quarter, compared to the consensus estimate of $194.83 million. During the same quarter in the previous year, the business posted ($0.14) EPS. As a group, research analysts expect that Orion Group Holdings, Inc. will post 0.03 EPS for the current fiscal year.

Insider Activity

In other Orion Group news, Director Mary E. Sullivan purchased 10,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $6.80 per share, for a total transaction of $68,000.00. Following the purchase, the director now owns 256,187 shares in the company, valued at approximately $1,742,071.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mary E. Sullivan acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $6.80 per share, with a total value of $68,000.00. Following the acquisition, the director now directly owns 256,187 shares in the company, valued at $1,742,071.60. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Edward Chipman Earle acquired 15,633 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of $6.05 per share, for a total transaction of $94,579.65. Following the acquisition, the executive vice president now owns 86,235 shares in the company, valued at $521,721.75. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 33,953 shares of company stock worth $216,658. 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.