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

Tieton Capital Management LLC grew its stake in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 2.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,186,931 shares of the electronics maker’s stock after purchasing an additional 53,789 shares during the quarter. Orion Energy Systems makes up about 1.3% of Tieton Capital Management LLC’s holdings, making the stock its 29th largest position. Tieton Capital Management LLC owned about 0.07% of Orion Energy Systems worth $2,427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. North Star Investment Management Corp. grew its position 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 worth $3,367,000 after acquiring an additional 55,000 shares in the last quarter. Grace & White Inc. NY raised its position in shares of Orion Energy Systems by 0.5% during the 2nd quarter. Grace & White Inc. NY now owns 2,661,955 shares of the electronics maker’s stock valued at $2,955,000 after acquiring an additional 13,011 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Orion Energy Systems by 111.5% during the fourth quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock worth $825,000 after purchasing an additional 502,023 shares during the last quarter. Institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Price Performance

Shares of NASDAQ OESX opened at $0.87 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.70 and a quick ratio of 1.06. The firm has a market capitalization of $28.45 million, a PE ratio of -2.35 and a beta of 1.43. Orion Energy Systems, Inc. has a 1-year low of $0.81 and a 1-year high of $1.53. The business’s fifty day moving average price is $0.96 and its two-hundred day moving average price is $0.96.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Wednesday, August 7th. The electronics maker reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. Orion Energy Systems had a negative net margin of 9.47% and a negative return on equity of 48.47%. The business had revenue of $19.91 million for the quarter, compared to analysts’ expectations of $19.16 million. During the same quarter last year, the company earned ($0.18) EPS. On average, research analysts expect that Orion Energy Systems, Inc. will post -0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OESX. StockNews.com started coverage on shares of Orion Energy Systems in a report on Monday. They issued a “hold” rating for the company. HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of Orion Energy Systems in a report on Thursday, August 8th.

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.