US Bancorp DE Has $43,000 Stock Holdings in Origin Materials, Inc. (NASDAQ:ORGN)

US Bancorp DE increased its position in Origin Materials, Inc. (NASDAQ:ORGN) by 464.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 28,200 shares of the financial services provider’s stock after purchasing an additional 23,200 shares during the quarter. US Bancorp DE’s holdings in Origin Materials were worth $43,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. PBMares Wealth Management LLC grew its stake in shares of Origin Materials by 14.0% in the 3rd quarter. PBMares Wealth Management LLC now owns 65,000 shares of the financial services provider’s stock valued at $100,000 after buying an additional 8,000 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in Origin Materials in the 2nd quarter valued at about $31,000. Vanguard Group Inc. lifted its position in Origin Materials by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,899,099 shares of the financial services provider’s stock valued at $3,009,000 after acquiring an additional 48,889 shares in the last quarter. Moss Adams Wealth Advisors LLC bought a new position in Origin Materials in the 2nd quarter valued at about $45,000. Finally, Janus Henderson Group PLC lifted its position in Origin Materials by 28.1% in the 1st quarter. Janus Henderson Group PLC now owns 240,378 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 52,701 shares in the last quarter. 29.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Origin Materials

In related news, CFO Matthew T. Plavan sold 120,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $1.32, for a total value of $158,400.00. Following the transaction, the chief financial officer now owns 1,223,088 shares of the company’s stock, valued at approximately $1,614,476.16. This trade represents a 8.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 120,400 shares of company stock valued at $159,006. 17.49% of the stock is owned by corporate insiders.

Origin Materials Price Performance

Shares of NASDAQ ORGN opened at $1.09 on Monday. Origin Materials, Inc. has a fifty-two week low of $0.44 and a fifty-two week high of $1.90. The stock has a market cap of $158.87 million, a price-to-earnings ratio of -1.91 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.48 and a current ratio of 13.57. The firm’s 50-day simple moving average is $1.45 and its 200 day simple moving average is $1.19.

Wall Street Analysts Forecast Growth

Separately, Bank of America raised shares of Origin Materials from a “neutral” rating to a “buy” rating and raised their price target for the company from $1.35 to $3.00 in a research report on Friday, August 16th.

Origin Materials Company Profile

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.