Orion Group Holdings, Inc. (NYSE:ORN) Stock Position Lifted by Portolan Capital Management LLC

Portolan Capital Management LLC lifted its holdings in Orion Group Holdings, Inc. (NYSE:ORN) by 56.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,985,355 shares of the construction company’s stock after purchasing an additional 717,533 shares during the quarter. Portolan Capital Management LLC owned 5.10% of Orion Group worth $11,455,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. GDS Wealth Management boosted its stake in Orion Group by 8.4% during the second quarter. GDS Wealth Management now owns 51,338 shares of the construction company’s stock valued at $488,000 after buying an additional 4,000 shares in the last quarter. Atria Investments Inc boosted its stake in Orion Group by 14.6% during the third quarter. Atria Investments Inc now owns 49,298 shares of the construction company’s stock valued at $284,000 after buying an additional 6,285 shares in the last quarter. Northeast Financial Consultants Inc boosted its stake in Orion Group by 7.9% during the second quarter. Northeast Financial Consultants Inc now owns 146,060 shares of the construction company’s stock valued at $1,389,000 after buying an additional 10,695 shares in the last quarter. Intech Investment Management LLC bought a new position in Orion Group during the third quarter valued at about $63,000. Finally, Valmark Advisers Inc. bought a new position in Orion Group during the second quarter valued at about $107,000. Institutional investors own 70.25% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Orion Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

Orion Group Trading Down 0.5 %

Shares of NYSE ORN opened at $8.60 on Wednesday. Orion Group Holdings, Inc. has a 12 month low of $4.09 and a 12 month high of $12.12. The company has a market cap of $334.54 million, a price-to-earnings ratio of -21.50, a P/E/G ratio of 3.64 and a beta of 0.89. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $6.82 and a 200-day simple moving average of $7.87.

Insider Activity

In other Orion Group news, EVP Edward Chipman Earle acquired 15,633 shares of Orion Group stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of $6.05 per share, with a total value of $94,579.65. Following the purchase, the executive vice president now owns 86,235 shares in the company, valued at approximately $521,721.75. The trade was a 22.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.30% of the stock is currently owned by company insiders.

Orion Group Company Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.