Orion Energy Systems, Inc. (NASDAQ:OESX) Shares Purchased by Tieton Capital Management LLC

Tieton Capital Management LLC boosted its holdings in Orion Energy Systems, Inc. (NASDAQ:OESX) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,186,931 shares of the electronics maker’s stock after buying an additional 53,789 shares during the period. Orion Energy Systems accounts for approximately 1.3% of Tieton Capital Management LLC’s holdings, making the stock its 29th largest holding. Tieton Capital Management LLC owned approximately 6.68% of Orion Energy Systems worth $2,427,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. US Bancorp DE boosted its position in shares of Orion Energy Systems by 111.5% in the fourth quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock worth $825,000 after acquiring an additional 502,023 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Orion Energy Systems by 1.4% in the 1st quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock valued at $3,367,000 after purchasing an additional 55,000 shares during the last quarter. Finally, Grace & White Inc. NY boosted its holdings in shares of Orion Energy Systems by 0.7% in the 1st quarter. Grace & White Inc. NY now owns 2,648,944 shares of the electronics maker’s stock valued at $2,305,000 after purchasing an additional 18,115 shares during the last quarter. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Price Performance

Orion Energy Systems stock opened at $0.87 on Tuesday. The firm has a fifty day moving average of $0.96 and a 200-day moving average of $0.96. Orion Energy Systems, Inc. has a 52-week low of $0.81 and a 52-week high of $1.53. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $28.45 million, a P/E ratio of -2.35 and a beta of 1.43.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $19.91 million during the quarter, compared to the consensus estimate of $19.16 million. Orion Energy Systems had a negative return on equity of 48.47% and a negative net margin of 9.47%. During the same period in the prior year, the firm earned ($0.18) EPS. As a group, analysts predict that Orion Energy Systems, Inc. will post -0.24 EPS for the current year.

Analyst Upgrades and Downgrades

OESX has been the topic of several research reports. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 target price on shares of Orion Energy Systems in a research report on Thursday, August 8th. StockNews.com began coverage on Orion Energy Systems in a report on Monday. They issued a “hold” rating on the stock.

About Orion Energy Systems

Orion Energy Systems, Inc researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America. The company operates through three segments: Orion Services Group, Orion Distribution Services, and Orion U.S.