JB Capital Partners LP Buys Shares of 130,000 Orion Group Holdings, Inc. $ORN

JB Capital Partners LP purchased a new position in shares of Orion Group Holdings, Inc. (NYSE:ORN) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 130,000 shares of the construction company’s stock, valued at approximately $2,186,600. JB Capital Partners LP owned approximately 0.32% of Orion Group as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Orion Group during the second quarter worth about $50,595,000. Wasatch Advisors LP purchased a new position in shares of Orion Group in the 2nd quarter valued at $12,885,000. Invesco Ltd. increased its holdings in Orion Group by 79.4% during the 3rd quarter. Invesco Ltd. now owns 1,271,358 shares of the construction company’s stock valued at $10,578,000 after acquiring an additional 562,863 shares in the last quarter. Simcoe Capital LLC purchased a new position in shares of Orion Group during the 4th quarter valued at approximately $4,509,000. Finally, JPMorgan Chase & Co. boosted its stake in Orion Group by 727.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 283,236 shares of the construction company’s stock valued at $2,569,000 after purchasing an additional 248,988 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ORN shares. Wall Street Zen cut Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings cut shares of Orion Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Oppenheimer began coverage on shares of Orion Group in a report on Tuesday, July 7th. They issued an “outperform” rating and a $20.00 target price on the stock. Zacks Research downgraded Orion Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Finally, Roth Capital set a $15.00 price target on Orion Group in a research note on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.20.

Insider Buying and Selling at Orion Group

In other Orion Group news, EVP Edward Chipman Earle bought 5,000 shares of the stock in a transaction on Friday, July 31st. The shares were purchased at an average price of $9.81 per share, with a total value of $49,050.00. Following the acquisition, the executive vice president directly owned 150,042 shares of the company’s stock, valued at $1,471,912.02. This represents a 3.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mary E. Sullivan bought 3,000 shares of Orion Group stock in a transaction on Friday, July 31st. The shares were bought at an average price of $9.79 per share, for a total transaction of $29,370.00. Following the acquisition, the director owned 277,904 shares of the company’s stock, valued at approximately $2,720,680.16. The trade was a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 28,000 shares of company stock worth $270,820. 5.70% of the stock is currently owned by company insiders.

Orion Group Trading Down 4.0%

Shares of NYSE ORN traded down $0.39 during trading hours on Friday, reaching $9.34. The stock had a trading volume of 123,277 shares, compared to its average volume of 428,976. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.62. Orion Group Holdings, Inc. has a 52-week low of $7.08 and a 52-week high of $17.40. The firm has a market cap of $378.22 million, a price-to-earnings ratio of 103.79 and a beta of 1.40. The business’s fifty day moving average price is $12.30 and its two-hundred day moving average price is $12.74.

Orion Group (NYSE:ORN) last posted its earnings results on Wednesday, July 29th. The construction company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Orion Group had a net margin of 0.40% and a return on equity of 3.07%. The company had revenue of $221.88 million during the quarter, compared to analyst estimates of $225.72 million. Analysts expect that Orion Group Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Orion Group Company Profile

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.