Dynamic Technology Lab Private Ltd Buys 6,268 Shares of Orion S.A. (NYSE:OEC)

Dynamic Technology Lab Private Ltd increased its stake in Orion S.A. (NYSE:OEC) by 16.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,559 shares of the specialty chemicals company’s stock after purchasing an additional 6,268 shares during the quarter. Dynamic Technology Lab Private Ltd owned approximately 0.08% of Orion worth $811,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of OEC. Charles Schwab Investment Management Inc. raised its stake in shares of Orion by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 875,275 shares of the specialty chemicals company’s stock valued at $15,589,000 after buying an additional 34,183 shares during the period. Foundry Partners LLC bought a new position in Orion in the 3rd quarter worth approximately $4,620,000. Intech Investment Management LLC bought a new position in Orion in the 3rd quarter worth approximately $280,000. Pzena Investment Management LLC grew its stake in Orion by 35.4% in the 3rd quarter. Pzena Investment Management LLC now owns 3,647,985 shares of the specialty chemicals company’s stock valued at $64,971,000 after buying an additional 954,398 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Orion during the 3rd quarter valued at $406,000. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Orion Stock Up 1.2 %

OEC opened at $18.39 on Thursday. The firm has a market capitalization of $1.06 billion, a P/E ratio of 34.70 and a beta of 1.48. Orion S.A. has a one year low of $14.94 and a one year high of $28.48. The company has a fifty day moving average price of $16.86 and a 200-day moving average price of $19.72. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.24 and a quick ratio of 0.71.

Orion (NYSE:OEC) last posted its earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business had revenue of $463.40 million for the quarter, compared to analysts’ expectations of $489.01 million. Orion had a return on equity of 18.97% and a net margin of 1.67%. Equities research analysts expect that Orion S.A. will post 1.68 earnings per share for the current fiscal year.

Orion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Friday, December 13th will be paid a $0.021 dividend. This is an increase from Orion’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Friday, December 13th. Orion’s dividend payout ratio (DPR) is currently 15.09%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on OEC shares. StockNews.com lowered Orion from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised Orion from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $20.00 to $21.00 in a report on Monday, November 11th.

About Orion

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. 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 batteries, polymers, and coatings.