Insider Buying: Orion Energy Systems (NASDAQ:OESX) CEO Purchases $16,856.60 in Stock

Orion Energy Systems, Inc. (NASDAQ:OESX) CEO Sally Washlow acquired 1,780 shares of the stock in a transaction on Wednesday, June 24th. The shares were bought at an average price of $9.47 per share, with a total value of $16,856.60. Following the purchase, the chief executive officer directly owned 49,259 shares of the company’s stock, valued at $466,482.73. The trade was a 3.75% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Orion Energy Systems Trading Up 0.4%

Orion Energy Systems stock opened at $9.57 on Thursday. Orion Energy Systems, Inc. has a 12 month low of $5.50 and a 12 month high of $18.64. The company has a market capitalization of $38.85 million, a price-to-earnings ratio of -10.40 and a beta of 0.79. The business’s fifty day simple moving average is $9.46 and its two-hundred day simple moving average is $12.08. The company has a current ratio of 1.41, a quick ratio of 1.03 and a debt-to-equity ratio of 0.34.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Thursday, June 4th. The electronics maker reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.53). The company had revenue of $25.72 million for the quarter, compared to the consensus estimate of $24.08 million. Orion Energy Systems had a negative net margin of 3.66% and a negative return on equity of 11.81%. As a group, equities analysts predict that Orion Energy Systems, Inc. will post 0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Weiss Ratings cut shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 14th. Wall Street Zen cut shares of Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.50.

Institutional Investors Weigh In On Orion Energy Systems

Institutional investors have recently modified their holdings of the business. North Star Investment Management Corp. lifted its stake in Orion Energy Systems by 29.0% during the 1st quarter. North Star Investment Management Corp. now owns 525,552 shares of the electronics maker’s stock valued at $4,593,000 after acquiring an additional 118,100 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Orion Energy Systems in the fourth quarter worth approximately $232,000. Marshall Wace LLP purchased a new position in shares of Orion Energy Systems during the fourth quarter valued at approximately $706,000. Quadrature Capital Ltd purchased a new position in shares of Orion Energy Systems during the fourth quarter valued at approximately $202,000. Finally, Renaissance Technologies LLC lifted its position in Orion Energy Systems by 32.4% during the first quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock valued at $1,560,000 after purchasing an additional 43,693 shares during the period. 52.59% of the stock is owned by hedge funds and other institutional investors.

About Orion Energy Systems

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.