Capstone Wealth Management LLC Invests $50,000 in Origin Materials, Inc. (NASDAQ:ORGN)

Capstone Wealth Management LLC acquired a new position in Origin Materials, Inc. (NASDAQ:ORGN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,692 shares of the financial services provider’s stock, valued at approximately $50,000.

Other large investors have also added to or reduced their stakes in the company. US Bancorp DE increased its position in shares of Origin Materials by 464.0% during the 3rd quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 23,200 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of Origin Materials in the second quarter valued at $31,000. FNY Investment Advisers LLC acquired a new position in Origin Materials during the fourth quarter worth $67,000. Point72 DIFC Ltd bought a new stake in Origin Materials during the second quarter worth $50,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Origin Materials in the third quarter valued at $92,000. Institutional investors and hedge funds own 29.91% of the company’s stock.

Origin Materials Stock Down 2.8 %

NASDAQ:ORGN opened at $1.04 on Wednesday. Origin Materials, Inc. has a 12-month low of $0.44 and a 12-month high of $1.90. The firm has a market capitalization of $152.10 million, a price-to-earnings ratio of -1.82 and a beta of 0.92. The stock’s 50 day moving average price is $1.14 and its two-hundred day moving average price is $1.24.

Insider Buying and Selling

In other Origin Materials news, CFO Matthew T. Plavan sold 120,000 shares of Origin Materials stock in a transaction on Monday, November 4th. The shares were sold at an average price of $1.32, for a total transaction of $158,400.00. Following the completion of the transaction, the chief financial officer now directly owns 1,223,088 shares of the company’s stock, valued at $1,614,476.16. The trade was a 8.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard J. Riley acquired 300,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of $1.00 per share, for a total transaction of $300,000.00. Following the completion of the transaction, the chief executive officer now directly owns 749,083 shares of the company’s stock, valued at approximately $749,083. This trade represents a 66.80 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 309,525 shares of company stock valued at $358,045. 3.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Bank of America lowered shares of Origin Materials from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $2.50 to $1.50 in a research note on Tuesday, January 14th.

Origin Materials Profile

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.