Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Joshua C. Lee Sells 25,000 Shares

Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Joshua C. Lee sold 25,000 shares of the stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $1.02, for a total value of $25,500.00. Following the sale, the general counsel now owns 629,785 shares of the company’s stock, valued at $642,380.70. This represents a 3.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Origin Materials Stock Up 11.3 %

ORGN stock traded up $0.13 during midday trading on Tuesday, hitting $1.28. The company’s stock had a trading volume of 4,640,506 shares, compared to its average volume of 1,682,546. Origin Materials, Inc. has a 12 month low of $0.44 and a 12 month high of $1.90. The company has a 50 day moving average of $1.20 and a two-hundred day moving average of $1.21. The firm has a market capitalization of $187.20 million, a price-to-earnings ratio of -2.25 and a beta of 0.95.

Hedge Funds Weigh In On Origin Materials

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC purchased a new stake in Origin Materials in the 2nd quarter worth $31,000. US Bancorp DE increased its holdings in shares of Origin Materials by 464.0% in the third quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 23,200 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Origin Materials in the second quarter worth about $50,000. AQR Capital Management LLC lifted its position in shares of Origin Materials by 352.9% in the second quarter. AQR Capital Management LLC now owns 98,969 shares of the financial services provider’s stock worth $89,000 after buying an additional 77,119 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new position in Origin Materials during the third quarter valued at approximately $92,000. Institutional investors own 29.91% of the company’s stock.

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.