GSA Capital Partners LLP Purchases 36,571 Shares of Orion Engineered Carbons S.A. (NYSE:OEC)

GSA Capital Partners LLP lifted its stake in Orion Engineered Carbons S.A. (NYSE:OECGet Rating) by 84.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 79,691 shares of the specialty chemicals company’s stock after acquiring an additional 36,571 shares during the period. GSA Capital Partners LLP’s holdings in Orion Engineered Carbons were worth $1,463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Renaissance Group LLC raised its position in shares of Orion Engineered Carbons by 34.8% in the 4th quarter. Renaissance Group LLC now owns 48,082 shares of the specialty chemicals company’s stock valued at $883,000 after purchasing an additional 12,401 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Orion Engineered Carbons by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 768,012 shares of the specialty chemicals company’s stock valued at $14,101,000 after purchasing an additional 29,937 shares during the last quarter. B. Riley Asset Management LLC purchased a new position in shares of Orion Engineered Carbons in the 4th quarter valued at approximately $1,824,000. JPMorgan Chase & Co. raised its position in Orion Engineered Carbons by 3.0% during the 4th quarter. JPMorgan Chase & Co. now owns 394,148 shares of the specialty chemicals company’s stock worth $7,236,000 after buying an additional 11,621 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Orion Engineered Carbons during the 4th quarter worth approximately $889,000. 82.69% of the stock is owned by hedge funds and other institutional investors.

In other Orion Engineered Carbons news, CFO Jeffrey Glajch bought 5,000 shares of the stock in a transaction on Wednesday, May 11th. The shares were bought at an average price of $17.03 per share, with a total value of $85,150.00. Following the purchase, the chief financial officer now directly owns 15,000 shares in the company, valued at approximately $255,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary A. Lindsey bought 10,000 shares of the stock in a transaction on Thursday, February 24th. The shares were acquired at an average cost of $15.07 per share, for a total transaction of $150,700.00. The disclosure for this purchase can be found here. Insiders purchased a total of 74,550 shares of company stock worth $1,141,409 in the last three months. 0.90% of the stock is owned by corporate insiders.

Shares of NYSE:OEC traded up $0.01 during trading on Wednesday, hitting $18.47. 7,925 shares of the stock traded hands, compared to its average volume of 557,374. The company has a quick ratio of 1.00, a current ratio of 1.51 and a debt-to-equity ratio of 1.66. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 7.82 and a beta of 1.64. The company has a fifty day moving average price of $16.16 and a two-hundred day moving average price of $17.28. Orion Engineered Carbons S.A. has a 52-week low of $14.05 and a 52-week high of $21.19.

Orion Engineered Carbons (NYSE:OECGet Rating) last posted its earnings results on Thursday, May 5th. The specialty chemicals company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.02). The firm had revenue of $484.50 million for the quarter, compared to analysts’ expectations of $433.84 million. Orion Engineered Carbons had a net margin of 8.60% and a return on equity of 33.42%. Orion Engineered Carbons’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. On average, equities research analysts predict that Orion Engineered Carbons S.A. will post 2.3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 22nd will be paid a $0.021 dividend. The ex-dividend date is Tuesday, June 21st. This represents a $0.08 dividend on an annualized basis and a yield of 0.45%. Orion Engineered Carbons’s dividend payout ratio is currently 3.39%.

A number of research firms have issued reports on OEC. Barclays reduced their price target on shares of Orion Engineered Carbons from $17.00 to $16.00 in a research report on Tuesday, February 22nd. StockNews.com lowered shares of Orion Engineered Carbons from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Finally, Zacks Investment Research raised shares of Orion Engineered Carbons from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research report on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Orion Engineered Carbons has a consensus rating of “Buy” and an average price target of $22.20.

Orion Engineered Carbons Profile (Get Rating)

Orion Engineered Carbons SA, together with its subsidiaries, manufactures and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for polymers, coatings, and battery electrodes.

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Institutional Ownership by Quarter for Orion Engineered Carbons (NYSE:OEC)

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