B. Riley Reaffirms “Buy” Rating for Orion Group (NYSE:ORN)

B. Riley reissued their buy rating on shares of Orion Group (NYSE:ORN) in a research report report published on Thursday, Benzinga reports. B. Riley currently has a $9.50 target price on the construction company’s stock, up from their previous target price of $6.25.

Separately, StockNews.com downgraded Orion Group from a strong-buy rating to a buy rating in a research report on Saturday, March 9th.

Orion Group Trading Up 1.1 %

Shares of ORN traded up $0.09 during midday trading on Thursday, hitting $8.15. 358,210 shares of the stock were exchanged, compared to its average volume of 182,023. Orion Group has a 52-week low of $2.33 and a 52-week high of $9.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.25 and a current ratio of 1.26. The stock has a fifty day simple moving average of $6.21 and a 200 day simple moving average of $5.38. The firm has a market cap of $265.28 million, a P/E ratio of -14.82, a P/E/G ratio of 2.30 and a beta of 0.65.

Insiders Place Their Bets

In related news, CEO Travis J. Boone acquired 12,000 shares of Orion Group stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $7.01 per share, for a total transaction of $84,120.00. Following the completion of the purchase, the chief executive officer now owns 402,557 shares in the company, valued at $2,821,924.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Edward Chipman Earle purchased 8,000 shares of the stock in a transaction on Monday, March 4th. The stock was bought at an average price of $6.88 per share, for a total transaction of $55,040.00. Following the acquisition, the executive vice president now directly owns 69,602 shares of the company’s stock, valued at approximately $478,861.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Travis J. Boone acquired 12,000 shares of Orion Group stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $7.01 per share, for a total transaction of $84,120.00. Following the completion of the acquisition, the chief executive officer now directly owns 402,557 shares in the company, valued at approximately $2,821,924.57. The disclosure for this purchase can be found here. Insiders acquired a total of 22,430 shares of company stock worth $156,340 over the last 90 days. Corporate insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On Orion Group

Institutional investors and hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. acquired a new stake in Orion Group during the fourth quarter worth approximately $28,000. UBS Group AG grew its position in shares of Orion Group by 194.6% in the 3rd quarter. UBS Group AG now owns 6,508 shares of the construction company’s stock valued at $35,000 after buying an additional 4,299 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in Orion Group during the 3rd quarter worth $36,000. Jane Street Group LLC purchased a new stake in Orion Group in the first quarter valued at $41,000. Finally, Tower Research Capital LLC TRC boosted its stake in Orion Group by 84.3% in the third quarter. Tower Research Capital LLC TRC now owns 16,176 shares of the construction company’s stock valued at $42,000 after acquiring an additional 7,397 shares in the last quarter. Institutional investors and hedge funds own 56.33% of the company’s stock.

About Orion Group

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides various marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.