Bfsg LLC Cuts Stock Holdings in Orion Office REIT Inc. (NYSE:ONL)

Bfsg LLC cut its position in shares of Orion Office REIT Inc. (NYSE:ONL) by 33.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,780 shares of the company’s stock after selling 10,400 shares during the period. Bfsg LLC’s holdings in Orion Office REIT were worth $77,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in Orion Office REIT by 1,215.5% in the fourth quarter. Allworth Financial LP now owns 7,564 shares of the company’s stock valued at $30,000 after purchasing an additional 6,989 shares during the period. Abel Hall LLC acquired a new stake in Orion Office REIT in the 4th quarter valued at $38,000. Franklin Resources Inc. purchased a new stake in Orion Office REIT in the 3rd quarter worth $40,000. Intech Investment Management LLC acquired a new position in Orion Office REIT during the third quarter worth $47,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Orion Office REIT in the third quarter valued at about $78,000. Institutional investors and hedge funds own 79.95% of the company’s stock.

Orion Office REIT Stock Down 0.4 %

ONL stock opened at $4.09 on Thursday. Orion Office REIT Inc. has a 52 week low of $3.01 and a 52 week high of $4.77. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a 50-day simple moving average of $3.93 and a 200-day simple moving average of $3.95. The stock has a market capitalization of $228.56 million, a P/E ratio of -2.65 and a beta of 1.09.

Orion Office REIT Profile

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.