MYDA Advisors LLC boosted its stake in shares of Origin Materials, Inc. (NASDAQ:ORGN – Get Rating) by 200.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,000 shares of the financial services provider’s stock after buying an additional 40,000 shares during the quarter. MYDA Advisors LLC’s holdings in Origin Materials were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Apollo Management Holdings L.P. grew its position in shares of Origin Materials by 6,055.8% in the third quarter. Apollo Management Holdings L.P. now owns 3,557,796 shares of the financial services provider’s stock valued at $24,229,000 after purchasing an additional 3,500,000 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Origin Materials in the third quarter valued at approximately $11,943,000. Geode Capital Management LLC grew its position in shares of Origin Materials by 1,379.3% in the third quarter. Geode Capital Management LLC now owns 1,043,946 shares of the financial services provider’s stock valued at $7,109,000 after purchasing an additional 973,374 shares during the last quarter. Knightsbridge Asset Management LLC acquired a new stake in shares of Origin Materials in the third quarter valued at approximately $6,011,000. Finally, Senvest Management LLC grew its position in shares of Origin Materials by 55.7% in the third quarter. Senvest Management LLC now owns 461,026 shares of the financial services provider’s stock valued at $3,140,000 after purchasing an additional 165,000 shares during the last quarter. Institutional investors own 35.22% of the company’s stock.
In other Origin Materials news, Director Charles Drucker purchased 40,000 shares of the firm’s stock in a transaction dated Wednesday, March 16th. The stock was acquired at an average cost of $6.13 per share, with a total value of $245,200.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Boon Sim purchased 25,000 shares of the firm’s stock in a transaction dated Monday, February 28th. The stock was acquired at an average cost of $5.11 per share, with a total value of $127,750.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 105,000 shares of company stock worth $614,150.
Origin Materials (NASDAQ:ORGN – Get Rating) last issued its earnings results on Thursday, February 24th. The financial services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. As a group, research analysts anticipate that Origin Materials, Inc. will post -0.23 EPS for the current fiscal year.
Several analysts have recently commented on ORGN shares. The Goldman Sachs Group lowered their price target on shares of Origin Materials from $10.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 1st. Zacks Investment Research upgraded shares of Origin Materials from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a research report on Tuesday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Origin Materials presently has a consensus rating of “Buy” and a consensus target price of $7.42.
Origin Materials Profile (Get Rating)
Origin Materials, Inc operates as a carbon negative materials company. Its proprietary platform technology converts biomass or plant-based carbon into chloromethylfurfural and hydrothermal carbon, as well as other minor products. The company is headquartered in West Sacramento, California.
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