Dimensional Fund Advisors LP Buys 43,721 Shares of Organigram Holdings Inc. (NASDAQ:OGI)

Dimensional Fund Advisors LP raised its stake in shares of Organigram Holdings Inc. (NASDAQ:OGI) by 13.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 359,739 shares of the company’s stock after acquiring an additional 43,721 shares during the period. Dimensional Fund Advisors LP’s holdings in Organigram were worth $579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of OGI. Renaissance Technologies LLC increased its holdings in Organigram by 2.4% in the 4th quarter. Renaissance Technologies LLC now owns 914,648 shares of the company’s stock worth $1,473,000 after acquiring an additional 21,200 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Organigram in the 4th quarter worth approximately $1,153,000. Finally, Clear Harbor Asset Management LLC increased its holdings in Organigram by 37.4% in the 4th quarter. Clear Harbor Asset Management LLC now owns 45,000 shares of the company’s stock worth $72,000 after acquiring an additional 12,250 shares in the last quarter. Institutional investors own 34.63% of the company’s stock.

Organigram Trading Up 9.7%

Organigram stock opened at $1.36 on Friday. The firm has a 50 day moving average of $1.07 and a 200 day moving average of $1.35. The firm has a market capitalization of $182.02 million, a price-to-earnings ratio of -3.58 and a beta of 1.35. Organigram Holdings Inc. has a 12-month low of $0.85 and a 12-month high of $2.11.

Organigram (NASDAQ:OGI) last released its earnings results on Tuesday, February 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Organigram had a negative return on equity of 8.59% and a negative net margin of 31.69%. On average, analysts predict that Organigram Holdings Inc. will post -0.19 EPS for the current year.

About Organigram

Organigram Holdings Inc, through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, gummies, and concentrates for medical retailers; adult use recreational cannabis under the SHRED, Holy Mountain, Big Bag O' Buds, Monjour, Trailblazer, SHRED'ems, Edison Cannabis Co, Edison JOLTS, Tremblant, and Laurentian brands.