North Star Investment Management Corp. Increases Stake in Orion Energy Systems, Inc. $OESX

North Star Investment Management Corp. grew its holdings in Orion Energy Systems, Inc. (NASDAQ:OESX) by 29.0% during the 1st quarter, Holdings Channel reports. The fund owned 525,552 shares of the electronics maker’s stock after buying an additional 118,100 shares during the period. North Star Investment Management Corp. owned about 0.13% of Orion Energy Systems worth $4,593,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Tieton Capital Management LLC increased its stake in shares of Orion Energy Systems by 0.6% in the 4th quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock worth $3,940,000 after purchasing an additional 1,580 shares in the last quarter. Grace & White Inc. NY raised its holdings in Orion Energy Systems by 9.2% in the 1st quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker’s stock worth $2,110,000 after purchasing an additional 20,400 shares during the period. Marshall Wace LLP purchased a new position in Orion Energy Systems during the fourth quarter valued at $706,000. NewEdge Advisors LLC purchased a new position in Orion Energy Systems during the fourth quarter valued at $232,000. Finally, Quadrature Capital Ltd bought a new stake in Orion Energy Systems during the fourth quarter valued at about $202,000. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wall Street Zen cut Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings cut Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Orion Energy Systems has an average rating of “Hold” and an average target price of $20.00.

Orion Energy Systems Stock Performance

Shares of NASDAQ OESX opened at $11.32 on Monday. The firm has a fifty day moving average price of $9.49 and a 200-day moving average price of $11.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.41 and a quick ratio of 1.03. The stock has a market cap of $45.96 million, a PE ratio of -12.30 and a beta of 0.79. Orion Energy Systems, Inc. has a 1 year low of $5.50 and a 1 year high of $18.64.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Thursday, June 4th. The electronics maker reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.53). Orion Energy Systems had a negative net margin of 3.66% and a negative return on equity of 11.81%. The firm had revenue of $25.72 million for the quarter, compared to the consensus estimate of $24.08 million. Equities analysts anticipate that Orion Energy Systems, Inc. will post 0.25 earnings per share for the current fiscal year.

Orion Energy Systems 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.