A Director at Orion Group Holdings is Exercising Options

Today it was reported that a Director at Orion Group Holdings (NYSE: ORN), Thomas Amonett, exercised options to buy 15,000 ORN shares at $6.00 a share, for a total transaction value of $90K. The options were close to expired and Thomas Amonett retained stocks.

Following this transaction Thomas Amonett’s holding in the company was increased by 17.92% to a total of $808.4K. This is Amonett’s first transaction since reporting a Sell transaction on BRS back in September 2012

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Based on Orion Group Holdings’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $160 million and quarterly net profit of $2.25 million. In comparison, last year the company earned revenue of $137 million and had a GAAP net loss of $2.29 million. ORN’s market cap is $235.1M and the company has a P/E ratio of 21.55. Currently, Orion Group Holdings has an average volume of 111.9K.

Starting in November 2017, ORN received 13 Buy ratings in a row. Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $10.33, reflecting a 26.9% upside. Three different firms, including Canaccord Genuity and Noble Financial, currently also have a Buy rating on the stock.

The insider sentiment on Orion Group Holdings has been negative according to 16 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Orion Group Holdings, Inc. is a specialty construction company, which engages in the provision of water services. It operates thrpugh the Marine and Concrete segments.