6,000 Shares in OrganiGram Holdings Inc (NASDAQ:OGI) Purchased by Executive Wealth Management LLC

Executive Wealth Management LLC purchased a new position in OrganiGram Holdings Inc (NASDAQ:OGI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,000 shares of the company’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TRUE Private Wealth Advisors acquired a new position in shares of OrganiGram during the second quarter valued at approximately $25,000. Truvestments Capital LLC acquired a new position in shares of OrganiGram during the second quarter valued at approximately $29,000. Taylor Cottrill Erickson & Associates Inc. acquired a new position in shares of OrganiGram during the second quarter valued at approximately $64,000. Davis Rea LTD. acquired a new position in shares of OrganiGram during the second quarter valued at approximately $73,000. Finally, Garrison Asset Management LLC acquired a new position in shares of OrganiGram during the second quarter valued at approximately $80,000. 0.88% of the stock is owned by institutional investors.

NASDAQ:OGI opened at $5.00 on Friday. OrganiGram Holdings Inc has a one year low of $2.97 and a one year high of $8.44. The firm has a 50 day moving average of $6.09.

OrganiGram (NASDAQ:OGI) last posted its quarterly earnings results on Monday, July 15th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). The company had revenue of $30.36 million during the quarter, compared to analysts’ expectations of $30.81 million. The firm’s revenue was up 782.6% on a year-over-year basis. Research analysts forecast that OrganiGram Holdings Inc will post 0.06 EPS for the current year.

A number of equities analysts have commented on OGI shares. Jefferies Financial Group cut OrganiGram from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Pi Financial set a $12.00 target price on OrganiGram and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Zacks Investment Research raised OrganiGram from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th.

OrganiGram Profile

OrganiGram Holdings Inc, through its subsidiaries, produces and sells dried cannabis and cannabis oil in Canada. It also offers wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis oils to retailers and wholesalers. The company also exports its products. It sells its products online, as well as through phone orders.

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Institutional Ownership by Quarter for OrganiGram (NASDAQ:OGI)

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