Capstone Wealth Management LLC Makes New Investment in Origin Materials, Inc. (NASDAQ:ORGN)

Capstone Wealth Management LLC purchased a new stake in Origin Materials, Inc. (NASDAQ:ORGN) in the fourth quarter, HoldingsChannel reports. The firm purchased 38,692 shares of the financial services provider’s stock, valued at approximately $50,000.

Several other institutional investors have also made changes to their positions in ORGN. US Bancorp DE increased its stake in 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 acquiring an additional 23,200 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Origin Materials during the 2nd quarter worth $31,000. FNY Investment Advisers LLC bought a new position in shares of Origin Materials in the fourth quarter worth $67,000. Point72 DIFC Ltd acquired a new position in Origin Materials in the second quarter valued at about $50,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Origin Materials during the third quarter worth about $92,000. 29.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Origin Materials

In other news, General Counsel Joshua C. Lee sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $1.02, for a total value of $25,500.00. Following the sale, the general counsel now directly owns 629,785 shares in the company, valued at approximately $642,380.70. This trade represents a 3.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John Bissell sold 55,000 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $1.00, for a total transaction of $55,000.00. Following the transaction, the chief executive officer now owns 1,976,230 shares of the company’s stock, valued at approximately $1,976,230. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 309,525 shares of company stock valued at $358,045. Corporate insiders own 3.90% of the company’s stock.

Origin Materials Price Performance

Shares of ORGN opened at $1.04 on Wednesday. The firm has a 50 day simple moving average of $1.14 and a two-hundred day simple moving average of $1.24. Origin Materials, Inc. has a one year low of $0.44 and a one year high of $1.90. The company has a market cap of $152.10 million, a P/E ratio of -1.82 and a beta of 0.92.

Origin Materials Company 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.