Charles Schwab Investment Management Inc. Sells 47,169 Shares of Orion Office REIT Inc. (NYSE:ONL)

Charles Schwab Investment Management Inc. reduced its position in Orion Office REIT Inc. (NYSE:ONL) by 7.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 608,878 shares of the company’s stock after selling 47,169 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Orion Office REIT were worth $2,259,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Orion Office REIT by 69.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company’s stock worth $1,039,000 after buying an additional 106,383 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new stake in Orion Office REIT during the third quarter worth approximately $339,000. Barclays PLC lifted its position in Orion Office REIT by 252.1% during the third quarter. Barclays PLC now owns 73,730 shares of the company’s stock worth $295,000 after acquiring an additional 52,788 shares during the last quarter. Martingale Asset Management L P boosted its holdings in shares of Orion Office REIT by 19.5% during the third quarter. Martingale Asset Management L P now owns 223,223 shares of the company’s stock worth $893,000 after acquiring an additional 36,397 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Orion Office REIT by 23.9% in the third quarter. Jane Street Group LLC now owns 117,934 shares of the company’s stock valued at $472,000 after purchasing an additional 22,759 shares during the last quarter. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Stock Performance

ONL opened at $2.17 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. The business has a fifty day simple moving average of $3.46 and a 200 day simple moving average of $3.78. Orion Office REIT Inc. has a 1 year low of $2.10 and a 1 year high of $4.39. The company has a market capitalization of $121.48 million, a PE ratio of -1.41 and a beta of 1.07.

Orion Office REIT (NYSE:ONL) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.18 EPS for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%. The business had revenue of $38.36 million for the quarter.

Orion Office REIT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Monday, March 31st. Orion Office REIT’s dividend payout ratio (DPR) is currently -4.35%.

Insider Buying and Selling

In other news, insider Paul H. Mcdowell purchased 12,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was bought at an average price of $2.48 per share, with a total value of $29,760.00. Following the acquisition, the insider now owns 293,895 shares in the company, valued at approximately $728,859.60. The trade was a 4.26 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Reginald Harold Gilyard purchased 40,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $2.35 per share, for a total transaction of $94,000.00. Following the purchase, the director now owns 109,647 shares in the company, valued at approximately $257,670.45. The trade was a 57.43 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 61,446 shares of company stock valued at $147,092 over the last 90 days. 0.42% of the stock is owned by corporate insiders.

Orion Office REIT Profile

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.