Orion Group Holdings, Inc. (NYSE:ORN) CFO Gordon Scott Thanisch Purchases 4,000 Shares

Orion Group Holdings, Inc. (NYSE:ORN) CFO Gordon Scott Thanisch purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average price of $7.12 per share, for a total transaction of $28,480.00. Following the purchase, the chief financial officer now owns 167,811 shares in the company, valued at $1,194,814.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Orion Group Price Performance

NYSE ORN opened at $7.40 on Thursday. Orion Group Holdings, Inc. has a 52 week low of $2.38 and a 52 week high of $9.84. The firm has a market capitalization of $243.16 million, a P/E ratio of -21.14, a PEG ratio of 1.20 and a beta of 0.70. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $7.91 and a 200-day moving average price of $6.09.

Orion Group (NYSE:ORN) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.06. Orion Group had a negative net margin of 1.59% and a negative return on equity of 4.14%. The firm had revenue of $160.67 million during the quarter, compared to analyst estimates of $174.75 million. Equities research analysts anticipate that Orion Group Holdings, Inc. will post 0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $9.50 price target (up previously from $6.25) on shares of Orion Group in a research note on Thursday, March 14th. StockNews.com cut shares of Orion Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

Institutional Investors Weigh In On Orion Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acuitas Investments LLC increased its position in shares of Orion Group by 85.6% during the 4th quarter. Acuitas Investments LLC now owns 645,248 shares of the construction company’s stock valued at $3,188,000 after purchasing an additional 297,525 shares during the last quarter. Legato Capital Management LLC increased its holdings in Orion Group by 521.6% in the 4th quarter. Legato Capital Management LLC now owns 96,417 shares of the construction company’s stock worth $476,000 after acquiring an additional 80,907 shares in the last quarter. Brandes Investment Partners LP increased its holdings in Orion Group by 3.7% in the 3rd quarter. Brandes Investment Partners LP now owns 3,530,178 shares of the construction company’s stock worth $18,922,000 after acquiring an additional 125,778 shares in the last quarter. EAM Investors LLC purchased a new stake in Orion Group in the 3rd quarter worth approximately $2,305,000. Finally, Barclays PLC purchased a new stake in Orion Group in the 3rd quarter worth approximately $166,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

About Orion Group

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.