Travis J. Boone Purchases 4,120 Shares of Orion Group Holdings, Inc. (NYSE:ORN) Stock

Orion Group Holdings, Inc. (NYSE:ORN) CEO Travis J. Boone acquired 4,120 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of $6.00 per share, for a total transaction of $24,720.00. Following the purchase, the chief executive officer now directly owns 437,299 shares of the company’s stock, valued at $2,623,794. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Orion Group Price Performance

ORN stock opened at $6.40 on Thursday. The company has a market capitalization of $213.57 million, a PE ratio of -18.29, a P/E/G ratio of 3.59 and a beta of 0.83. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average is $7.92 and its two-hundred day moving average is $8.42. Orion Group Holdings, Inc. has a 52-week low of $4.09 and a 52-week high of $12.12.

Orion Group (NYSE:ORN) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.19). The company had revenue of $192.17 million during the quarter, compared to analyst estimates of $194.83 million. Orion Group had a negative net margin of 2.45% and a negative return on equity of 4.81%. During the same period in the prior year, the company earned ($0.14) earnings per share. Analysts predict that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Group

Large investors have recently modified their holdings of the stock. Jump Financial LLC bought a new stake in Orion Group during the fourth quarter valued at $82,000. G2 Investment Partners Management LLC raised its stake in Orion Group by 715.1% during the fourth quarter. G2 Investment Partners Management LLC now owns 481,974 shares of the construction company’s stock worth $2,381,000 after acquiring an additional 422,842 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Orion Group by 806.6% during the first quarter. Assenagon Asset Management S.A. now owns 256,865 shares of the construction company’s stock valued at $2,106,000 after purchasing an additional 228,533 shares during the last quarter. Empowered Funds LLC raised its position in shares of Orion Group by 8.2% during the 1st quarter. Empowered Funds LLC now owns 220,191 shares of the construction company’s stock worth $1,806,000 after purchasing an additional 16,625 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Orion Group in the 1st quarter worth approximately $83,000. Institutional investors own 70.25% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley boosted their price objective on shares of Orion Group from $9.50 to $12.50 and gave the stock a “buy” rating in a report on Tuesday, June 4th.

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.