Moss Adams Wealth Advisors LLC Buys New Shares in Origin Materials, Inc. (NASDAQ:ORGN)

Moss Adams Wealth Advisors LLC purchased a new stake in shares of Origin Materials, Inc. (NASDAQ:ORGN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,000 shares of the financial services provider’s stock, valued at approximately $45,000.

A number of other hedge funds have also recently bought and sold shares of ORGN. Vanguard Group Inc. boosted its holdings in shares of Origin Materials by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,899,099 shares of the financial services provider’s stock valued at $3,009,000 after buying an additional 48,889 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Origin Materials by 12.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,853,083 shares of the financial services provider’s stock worth $945,000 after buying an additional 203,099 shares during the last quarter. Acadian Asset Management LLC raised its position in Origin Materials by 92.5% during the first quarter. Acadian Asset Management LLC now owns 823,455 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 395,588 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Origin Materials by 28.1% in the first quarter. Janus Henderson Group PLC now owns 240,378 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 52,701 shares during the last quarter. 29.91% of the stock is currently owned by institutional investors.

Origin Materials Stock Performance

NASDAQ ORGN traded down $0.09 during trading on Thursday, reaching $1.43. 759,929 shares of the company’s stock were exchanged, compared to its average volume of 1,909,250. The company has a debt-to-equity ratio of 0.01, a current ratio of 12.60 and a quick ratio of 12.54. The business has a 50 day moving average price of $0.96 and a 200-day moving average price of $0.81. The stock has a market capitalization of $210.17 million, a P/E ratio of -144,000.00 and a beta of 0.92. Origin Materials, Inc. has a fifty-two week low of $0.44 and a fifty-two week high of $1.73.

Analyst Ratings Changes

Separately, Bank of America upgraded shares of Origin Materials from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $1.35 to $3.00 in a research note on Friday, August 16th.

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.