GSA Capital Partners LLP Has $2.29 Million Stock Holdings in Orion S.A. (NYSE:OEC)

GSA Capital Partners LLP boosted its position in shares of Orion S.A. (NYSE:OEC) by 103.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,501 shares of the specialty chemicals company’s stock after acquiring an additional 65,453 shares during the period. GSA Capital Partners LLP owned approximately 0.22% of Orion worth $2,289,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of Orion by 207.0% during the second quarter. CWM LLC now owns 2,094 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 1,412 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Orion in the 2nd quarter valued at $54,000. nVerses Capital LLC acquired a new position in shares of Orion in the 3rd quarter valued at $69,000. Lazard Asset Management LLC lifted its holdings in shares of Orion by 1,375.1% during the 1st quarter. Lazard Asset Management LLC now owns 3,791 shares of the specialty chemicals company’s stock worth $89,000 after acquiring an additional 3,534 shares during the period. Finally, Quarry LP boosted its position in shares of Orion by 76.9% during the 2nd quarter. Quarry LP now owns 4,776 shares of the specialty chemicals company’s stock valued at $105,000 after acquiring an additional 2,076 shares in the last quarter. Institutional investors and hedge funds own 94.33% of the company’s stock.

Orion Price Performance

NYSE:OEC opened at $17.82 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 1.31. The firm has a market cap of $1.04 billion, a PE ratio of 33.62 and a beta of 1.48. Orion S.A. has a 12 month low of $14.94 and a 12 month high of $28.48. The company’s 50-day moving average price is $16.62 and its two-hundred day moving average price is $20.26.

Orion (NYSE:OEC) last announced its earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $463.40 million during the quarter, compared to analyst estimates of $489.01 million. Orion had a return on equity of 18.82% and a net margin of 1.67%. On average, equities analysts anticipate that Orion S.A. will post 1.7 EPS for the current fiscal year.

Orion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.021 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Friday, December 13th. This is a boost from Orion’s previous quarterly dividend of $0.02. Orion’s dividend payout ratio is presently 15.09%.

Wall Street Analysts Forecast Growth

OEC has been the subject of several recent research reports. StockNews.com lowered shares of Orion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised Orion from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $20.00 to $21.00 in a report on Monday.

Insider Transactions at Orion

In related news, CEO Corning F. Painter acquired 10,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was purchased at an average price of $17.69 per share, for a total transaction of $176,900.00. Following the transaction, the chief executive officer now owns 958,776 shares of the company’s stock, valued at $16,960,747.44. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Orion Company Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.