Ethic Inc. Invests $51,000 in Orion Office REIT Inc. (NYSE:ONL)

Ethic Inc. acquired a new position in Orion Office REIT Inc. (NYSE:ONL) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 13,813 shares of the company’s stock, valued at approximately $51,000.

A number of other large investors have also recently made changes to their positions in ONL. Allworth Financial LP boosted its position in shares of Orion Office REIT by 1,215.5% during the fourth quarter. Allworth Financial LP now owns 7,564 shares of the company’s stock valued at $30,000 after purchasing an additional 6,989 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Orion Office REIT during the fourth quarter valued at approximately $32,000. Abel Hall LLC bought a new stake in shares of Orion Office REIT during the fourth quarter valued at approximately $38,000. Evoke Wealth LLC bought a new stake in shares of Orion Office REIT during the fourth quarter valued at approximately $43,000. Finally, Pitcairn Co. bought a new stake in shares of Orion Office REIT during the fourth quarter valued at approximately $50,000. 79.95% of the stock is currently owned by institutional investors.

Orion Office REIT Trading Down 1.3%

NYSE ONL opened at $1.96 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60. Orion Office REIT Inc. has a twelve month low of $1.46 and a twelve month high of $4.39. The firm has a market capitalization of $109.86 million, a PE ratio of -1.27 and a beta of 1.34. The stock’s 50 day moving average is $1.95 and its 200 day moving average is $3.22.

Orion Office REIT (NYSE:ONL) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.19 earnings per share for the quarter. The company had revenue of $38.00 million for the quarter. Orion Office REIT had a negative return on equity of 10.28% and a negative net margin of 50.76%.

Orion Office REIT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Monday, March 31st. Orion Office REIT’s payout ratio is -5.19%.

Insider Buying and Selling at Orion Office REIT

In other news, insider Paul H. Mcdowell acquired 12,000 shares of the business’s stock in a transaction that occurred on 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 completion of the acquisition, the insider now directly owns 293,895 shares of the company’s stock, valued at approximately $728,859.60. The trade was a 4.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reginald Harold Gilyard acquired 40,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $2.35 per share, with a total value of $94,000.00. Following the acquisition, the director now directly owns 109,647 shares of the company’s stock, valued at $257,670.45. This trade represents a 57.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 61,446 shares of company stock worth $147,092. 0.16% of the stock is owned by insiders.

Orion Office REIT Company 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.