Jacobs Levy Equity Management Inc. Sells 1,558,667 Shares of Origin Materials, Inc. (NASDAQ:ORGN)

Jacobs Levy Equity Management Inc. lessened its holdings in Origin Materials, Inc. (NASDAQ:ORGN) by 66.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 792,196 shares of the financial services provider’s stock after selling 1,558,667 shares during the period. Jacobs Levy Equity Management Inc. owned 0.54% of Origin Materials worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ORGN. Capstone Wealth Management LLC bought a new stake in Origin Materials in the 4th quarter valued at $50,000. StoneX Group Inc. acquired a new position in Origin Materials in the 4th quarter valued at $35,000. Arete Wealth Advisors LLC grew its holdings in Origin Materials by 21.7% in the 4th quarter. Arete Wealth Advisors LLC now owns 90,013 shares of the financial services provider’s stock valued at $115,000 after buying an additional 16,050 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Origin Materials in the 4th quarter valued at $194,000. Finally, Renaissance Technologies LLC grew its holdings in Origin Materials by 193.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,153,200 shares of the financial services provider’s stock valued at $1,476,000 after buying an additional 760,700 shares in the last quarter. Institutional investors own 29.91% of the company’s stock.

Origin Materials Price Performance

Shares of NASDAQ ORGN opened at $0.44 on Friday. The stock’s fifty day moving average price is $0.68 and its two-hundred day moving average price is $0.94. Origin Materials, Inc. has a one year low of $0.40 and a one year high of $1.90. The firm has a market cap of $65.72 million, a price-to-earnings ratio of -0.77 and a beta of 0.98.

Origin Materials (NASDAQ:ORGN) last issued its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.18) EPS for the quarter. Origin Materials had a negative net margin of 229.52% and a negative return on equity of 21.26%. The firm had revenue of $5.43 million during the quarter. On average, equities analysts anticipate that Origin Materials, Inc. will post -0.6 earnings per share for the current fiscal year.

Origin Materials 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.