Origin Materials, Inc. (NASDAQ:ORGN – Get Rating)'s stock price reached a new 52-week low on Friday . The stock traded as low as $4.18 and last traded at $4.19, with a volume of 133650 shares trading hands. The stock had previously closed at $4.25.
Origin Materials Stock Performance
The company has a debt-to-equity ratio of 0.01, a quick ratio of 16.73 and a current ratio of 16.73. The firm's 50 day moving average is $5.21 and its 200-day moving average is $5.38. The stock has a market capitalization of $591.00 million, a price-to-earnings ratio of 7.51 and a beta of 1.29.
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In other news, CEO John Bissell sold 150,000 shares of the stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $4.58, for a total value of $687,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,215,828 shares in the company, valued at $5,568,492.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Origin Materials news, CFO Nathan S. Whaley sold 50,000 shares of Origin Materials stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $5.06, for a total transaction of $253,000.00. Following the transaction, the chief financial officer now directly owns 120,000 shares of the company's stock, valued at $607,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Bissell sold 150,000 shares of the stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $4.58, for a total transaction of $687,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,215,828 shares of the company's stock, valued at approximately $5,568,492.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,200 shares of company stock worth $1,375,015. Insiders own 25.20% of the company's stock.
Institutional Trading of Origin Materials
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Origin Materials by 46.3% during the first quarter. Vanguard Group Inc. now owns 6,031,855 shares of the financial services provider's stock worth $39,690,000 after purchasing an additional 1,909,567 shares in the last quarter. Geode Capital Management LLC raised its holdings in Origin Materials by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,106,134 shares of the financial services provider's stock worth $9,709,000 after purchasing an additional 18,443 shares in the last quarter. State Street Corp lifted its position in shares of Origin Materials by 17.2% during the 3rd quarter. State Street Corp now owns 1,923,073 shares of the financial services provider's stock worth $9,923,000 after buying an additional 282,641 shares during the last quarter. Knightsbridge Asset Management LLC lifted its position in shares of Origin Materials by 45.7% during the 2nd quarter. Knightsbridge Asset Management LLC now owns 1,475,332 shares of the financial services provider's stock worth $7,554,000 after buying an additional 462,663 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Origin Materials by 301.6% in the 2nd quarter. Northern Trust Corp now owns 964,013 shares of the financial services provider's stock valued at $4,936,000 after buying an additional 723,973 shares during the last quarter. 28.63% of the stock is currently owned by hedge funds and other institutional investors.
Origin Materials Company Profile
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Micromidas, Inc, doing business as Origin Materials, produces and commercializes plant-based PET plastic. It develops a platform for turning the carbon found in biomass into useful materials, while capturing carbon in the process. The company serves tire filler, carbon black, agriculture, and activated carbon markets.
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