Royce & Associates LP Purchases 200,420 Shares of Orion Group Holdings, Inc. (NYSE:ORN)

Royce & Associates LP increased its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 12.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,749,785 shares of the construction company’s stock after purchasing an additional 200,420 shares during the period. Royce & Associates LP’s holdings in Orion Group were worth $10,096,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Lazard Asset Management LLC bought a new stake in Orion Group in the 1st quarter valued at $41,000. Valmark Advisers Inc. bought a new stake in shares of Orion Group during the second quarter worth approximately $107,000. SG Americas Securities LLC acquired a new position in shares of Orion Group in the third quarter valued at approximately $67,000. The Manufacturers Life Insurance Company bought a new position in shares of Orion Group during the second quarter worth approximately $115,000. Finally, Quadrature Capital Ltd acquired a new stake in Orion Group during the 1st quarter worth approximately $197,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Edward Chipman Earle bought 15,633 shares of the business’s stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $6.05 per share, with a total value of $94,579.65. Following the acquisition, the executive vice president now owns 86,235 shares of the company’s stock, valued at $521,721.75. This represents a 22.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.30% of the company’s stock.

Orion Group Trading Down 2.6 %

Shares of ORN opened at $7.57 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. Orion Group Holdings, Inc. has a 52-week low of $4.09 and a 52-week high of $12.12. The firm has a market cap of $294.48 million, a price-to-earnings ratio of -18.93, a PEG ratio of 3.32 and a beta of 0.80. The business’s fifty day moving average is $6.24 and its 200-day moving average is $7.85.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

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.