Tieton Capital Management LLC Invests $3.33 Million in Orion Energy Systems, Inc. $OESX

Tieton Capital Management LLC purchased a new stake in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 284,526 shares of the electronics maker’s stock, valued at approximately $3,326,000. Tieton Capital Management LLC owned about 0.07% of Orion Energy Systems as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. North Star Investment Management Corp. grew its stake in shares of Orion Energy Systems by 29.0% during the 1st quarter. North Star Investment Management Corp. now owns 525,552 shares of the electronics maker’s stock worth $4,593,000 after purchasing an additional 118,100 shares during the period. Grace & White Inc. NY grew its position in Orion Energy Systems by 9.2% during the first quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker’s stock valued at $2,110,000 after buying an additional 20,400 shares during the period. Renaissance Technologies LLC increased its holdings in Orion Energy Systems by 32.4% in the first quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock valued at $1,560,000 after buying an additional 43,693 shares in the last quarter. Sei Investments Co. raised its position in shares of Orion Energy Systems by 114.3% in the first quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock worth $1,137,000 after acquiring an additional 69,387 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Orion Energy Systems during the 4th quarter worth about $706,000. 52.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OESX. Zacks Research raised Orion Energy Systems from a “strong sell” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings raised Orion Energy Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 5th. HC Wainwright reiterated a “buy” rating and set a $30.00 target price on shares of Orion Energy Systems in a research report on Thursday, August 6th. Finally, Wall Street Zen raised shares of Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Orion Energy Systems Trading Down 2.4%

OESX stock opened at $18.62 on Thursday. Orion Energy Systems, Inc. has a 12-month low of $5.60 and a 12-month high of $20.80. The business’s 50-day moving average is $12.26 and its 200 day moving average is $11.05. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33. The stock has a market cap of $76.16 million, a price-to-earnings ratio of -372.40 and a beta of 0.77.

Orion Energy Systems (NASDAQ:OESX) last released its earnings results on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.40. Orion Energy Systems had a return on equity of 11.66% and a net margin of 0.04%.The business had revenue of $25.74 million for the quarter, compared to the consensus estimate of $23.56 million. On average, sell-side analysts anticipate that Orion Energy Systems, Inc. will post 0.23 EPS for the current fiscal year.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.