Bank of America Corp DE Has $542,000 Stock Position in Origin Materials, Inc. (NASDAQ:ORGN)

Bank of America Corp DE increased its position in shares of Origin Materials, Inc. (NASDAQ:ORGN) by 16.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 423,567 shares of the financial services provider’s stock after purchasing an additional 59,998 shares during the period. Bank of America Corp DE’s holdings in Origin Materials were worth $542,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ORGN. StoneX Group Inc. acquired a new position in Origin Materials during the 4th quarter worth approximately $35,000. Arete Wealth Advisors LLC raised its stake in Origin Materials by 21.7% during the 4th quarter. Arete Wealth Advisors LLC now owns 90,013 shares of the financial services provider’s stock worth $115,000 after buying an additional 16,050 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in Origin Materials during the 4th quarter worth approximately $194,000. Renaissance Technologies LLC raised its stake in Origin Materials by 193.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,153,200 shares of the financial services provider’s stock worth $1,476,000 after buying an additional 760,700 shares during the period. Finally, Barclays PLC raised its stake in Origin Materials by 3,019,800.0% during the 4th quarter. Barclays PLC now owns 30,199 shares of the financial services provider’s stock worth $39,000 after buying an additional 30,198 shares during the period. 29.91% of the stock is owned by institutional investors and hedge funds.

Origin Materials Stock Performance

ORGN stock opened at $0.47 on Wednesday. The stock’s 50 day simple moving average is $0.59 and its 200 day simple moving average is $0.84. The company has a market cap of $70.47 million, a P/E ratio of -0.82 and a beta of 0.81. Origin Materials, Inc. has a fifty-two week low of $0.40 and a fifty-two week high of $1.90.

Origin Materials (NASDAQ:ORGN) last issued its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.10). The company had revenue of $5.43 million for the quarter, compared to the consensus estimate of $29.10 million. Origin Materials had a negative return on equity of 21.26% and a negative net margin of 229.52%. Equities analysts predict that Origin Materials, Inc. will post -0.6 earnings per share for the current year.

About Origin Materials

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.