Evoke Wealth LLC Takes Position in Orion Office REIT Inc. (NYSE:ONL)

Evoke Wealth LLC acquired a new stake in Orion Office REIT Inc. (NYSE:ONL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,157 shares of the company’s stock, valued at approximately $43,000.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of Orion Office REIT by 1,215.5% in the 4th quarter. Allworth Financial LP now owns 7,564 shares of the company’s stock valued at $30,000 after buying an additional 6,989 shares during the last quarter. Abel Hall LLC bought a new stake in Orion Office REIT in the 4th quarter valued at $38,000. Franklin Resources Inc. bought a new stake in Orion Office REIT in the 3rd quarter valued at $40,000. Intech Investment Management LLC bought a new stake in Orion Office REIT in the 3rd quarter valued at $47,000. Finally, Quadrature Capital Ltd raised its stake in Orion Office REIT by 34.8% in the 3rd quarter. Quadrature Capital Ltd now owns 22,663 shares of the company’s stock valued at $91,000 after acquiring an additional 5,849 shares during the period. Institutional investors and hedge funds own 79.95% of the company’s stock.

Insider Transactions at Orion Office REIT

In related news, Director Reginald Harold Gilyard purchased 40,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $2.35 per share, with a total value of $94,000.00. Following the completion of the purchase, the director now directly owns 109,647 shares in the company, valued at $257,670.45. This trade represents a 57.43 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul H. Mcdowell purchased 12,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average cost of $2.48 per share, with a total value of $29,760.00. Following the purchase, the insider now owns 293,895 shares of the company’s stock, valued at $728,859.60. This represents a 4.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 61,446 shares of company stock valued at $147,092. 0.16% of the stock is currently owned by corporate insiders.

Orion Office REIT Stock Up 0.6 %

ONL opened at $2.36 on Thursday. Orion Office REIT Inc. has a 1-year low of $2.20 and a 1-year high of $4.39. The stock’s fifty day simple moving average is $3.69 and its 200 day simple moving average is $3.87. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a market cap of $132.14 million, a PE ratio of -1.53 and a beta of 1.07.

Orion Office REIT (NYSE:ONL) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.18 earnings per share for the quarter. Orion Office REIT had a negative return on equity of 10.28% and a negative net margin of 50.76%. The business had revenue of $38.36 million for the quarter.

Orion Office REIT Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Monday, March 31st. Orion Office REIT’s dividend payout ratio is currently -4.35%.

Orion Office REIT Company Profile

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.