Swiss National Bank Acquires 17,500 Shares of Origin Materials, Inc. (NASDAQ:ORGN)

Swiss National Bank lifted its position in shares of Origin Materials, Inc. (NASDAQ:ORGNGet Rating) by 7.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,600 shares of the financial services provider’s stock after purchasing an additional 17,500 shares during the period. Swiss National Bank owned 0.18% of Origin Materials worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sciencast Management LP bought a new position in Origin Materials in the 1st quarter valued at approximately $95,000. Allworth Financial LP bought a new position in Origin Materials in the 1st quarter valued at approximately $103,000. Commonwealth Equity Services LLC boosted its position in Origin Materials by 13.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 15,988 shares of the financial services provider’s stock worth $105,000 after buying an additional 1,909 shares during the period. Advisor Group Holdings Inc. grew its holdings in Origin Materials by 11.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 16,400 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 1,638 shares during the last quarter. Finally, Blair William & Co. IL bought a new position in Origin Materials during the 4th quarter worth $129,000. Institutional investors and hedge funds own 29.57% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Richard J. Riley sold 45,000 shares of Origin Materials stock in a transaction on Monday, August 15th. The shares were sold at an average price of $7.15, for a total value of $321,750.00. Following the completion of the sale, the chief executive officer now owns 20,000 shares in the company, valued at approximately $143,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Richard J. Riley sold 45,000 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $7.15, for a total transaction of $321,750.00. Following the transaction, the chief executive officer now owns 20,000 shares in the company, valued at $143,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Galowitz sold 125,000 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $6.00, for a total transaction of $750,000.00. Following the transaction, the insider now directly owns 163,265 shares in the company, valued at approximately $979,590. The disclosure for this sale can be found here. Company insiders own 25.20% of the company’s stock.

Origin Materials Trading Down 1.2 %

NASDAQ:ORGN opened at $5.97 on Friday. The firm has a market cap of $849.21 million, a P/E ratio of 9.65 and a beta of 0.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 43.25 and a current ratio of 43.25. The firm’s fifty day moving average is $5.90 and its 200-day moving average is $6.16. Origin Materials, Inc. has a 52 week low of $4.65 and a 52 week high of $8.10.

About Origin Materials

(Get Rating)

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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Institutional Ownership by Quarter for Origin Materials (NASDAQ:ORGN)

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