Penbrook Management LLC Has $273,000 Stock Holdings in Orion Energy Systems, Inc. (NASDAQ:OESX)

Penbrook Management LLC lowered its holdings in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 11.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 340,847 shares of the electronics maker’s stock after selling 45,650 shares during the period. Penbrook Management LLC owned approximately 1.04% of Orion Energy Systems worth $273,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in Orion Energy Systems by 9.0% in the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after acquiring an additional 25,816 shares during the period. Grace & White Inc. NY grew its position in Orion Energy Systems by 1.3% in the 3rd quarter. Grace & White Inc. NY now owns 2,695,406 shares of the electronics maker’s stock valued at $2,310,000 after purchasing an additional 33,451 shares during the period. Finally, North Star Investment Management Corp. increased its stake in Orion Energy Systems by 1.2% during the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock valued at $3,370,000 after purchasing an additional 47,300 shares in the last quarter. 52.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Orion Energy Systems in a report on Thursday. They set a “hold” rating for the company.

Orion Energy Systems Trading Down 1.8 %

Shares of OESX stock opened at $0.79 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average of $0.82 and a 200-day moving average of $0.89. Orion Energy Systems, Inc. has a one year low of $0.68 and a one year high of $1.53.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Wednesday, November 6th. The electronics maker reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The firm had revenue of $19.36 million for the quarter, compared to the consensus estimate of $19.40 million. Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. During the same period in the prior year, the business earned ($0.14) EPS. On average, equities research analysts anticipate that Orion Energy Systems, Inc. will post -0.3 earnings per share for the current fiscal year.

About Orion Energy Systems

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).