Private Management Group Inc. Has $15.81 Million Holdings in Orion Office REIT Inc. (NYSE:ONL)

Private Management Group Inc. decreased its holdings in shares of Orion Office REIT Inc. (NYSE:ONL) by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,260,992 shares of the company’s stock after selling 872,850 shares during the quarter. Private Management Group Inc. owned 7.62% of Orion Office REIT worth $15,808,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Abel Hall LLC bought a new stake in shares of Orion Office REIT during the 4th quarter valued at approximately $38,000. Franklin Resources Inc. bought a new stake in shares of Orion Office REIT during the third quarter worth $40,000. Intech Investment Management LLC acquired a new position in shares of Orion Office REIT during the third quarter worth $47,000. Proficio Capital Partners LLC bought a new position in shares of Orion Office REIT in the 3rd quarter valued at $78,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Orion Office REIT by 99.2% during the 3rd quarter. SG Americas Securities LLC now owns 20,300 shares of the company’s stock valued at $81,000 after acquiring an additional 10,111 shares in the last quarter. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Trading Up 0.9 %

Shares of ONL stock opened at $4.09 on Thursday. Orion Office REIT Inc. has a twelve month low of $3.01 and a twelve month high of $5.18. The stock’s fifty day simple moving average is $3.94 and its 200 day simple moving average is $3.95. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $228.56 million, a P/E ratio of -2.65 and a beta of 1.09.

Orion Office REIT (NYSE:ONL) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share for the quarter. The firm had revenue of $39.18 million for the quarter. Orion Office REIT had a negative return on equity of 10.28% and a negative net margin of 50.76%.

Orion Office REIT Company 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.