Today, a Director at Orion Group Holdings (NYSE: ORN), Austin Shanfelter, bought shares of ORN for $27.64K.
This recent transaction increases Austin Shanfelter’s holding in the company by 16.06% to a total of $224.6K. This is Shanfelter’s first Buy trade following 6 Sell transactions.
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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 $224.8M and the company has a P/E ratio of 20.61. Currently, Orion Group Holdings has an average volume of 118.3K.
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 27.4% upside. Three different firms, including Canaccord Genuity and Noble Financial, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $37.22K worth of ORN shares and purchased $117.6K worth of ORN shares. The insider sentiment on Orion Group Holdings has been neutral according to 16 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Austin Shanfelter’s trades have generated a 16.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
