Mariner LLC Acquires New Holdings in Orion Energy Systems, Inc. (NASDAQ:OESX)

Mariner LLC bought a new position in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) in the 4th quarter, HoldingsChannel reports. The fund bought 43,527 shares of the electronics maker’s stock, valued at approximately $35,000.

Other institutional investors have also made changes to their positions in the company. Tieton Capital Management LLC boosted its holdings in Orion Energy Systems by 25.6% during the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after acquiring an additional 541,773 shares during the period. Grace & White Inc. NY boosted its stake in shares of Orion Energy Systems by 1.9% in the fourth quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after purchasing an additional 50,138 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Orion Energy Systems by 9.0% in the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after purchasing an additional 25,816 shares in the last quarter. 52.59% of the stock is currently owned by institutional investors and hedge funds.

Orion Energy Systems Stock Down 5.5 %

Shares of Orion Energy Systems stock opened at $0.67 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. Orion Energy Systems, Inc. has a 52-week low of $0.65 and a 52-week high of $1.53. The company has a market capitalization of $22.23 million, a P/E ratio of -2.93 and a beta of 1.27. The company has a 50 day moving average of $0.74 and a 200 day moving average of $0.81.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative net margin of 8.54% and a negative return on equity of 48.85%. As a group, research analysts forecast that Orion Energy Systems, Inc. will post -0.32 EPS for the current fiscal year.

Analyst Ratings Changes

OESX has been the subject of several recent research reports. StockNews.com began coverage on shares of Orion Energy Systems in a research report on Tuesday. They issued a “hold” rating for the company. HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of Orion Energy Systems in a research note on Wednesday, February 12th.

Orion Energy Systems Profile

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).