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

Orion Energy Systems, Inc. (NASDAQ:OESX) CEO Sally Washlow acquired 1,780 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was acquired at an average price of $9.47 per share, with a total value of $16,856.60. Following the purchase, the chief executive officer owned 49,259 shares in the company, valued at approximately $466,482.73. This represents a 3.75% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Orion Energy Systems Price Performance

NASDAQ:OESX opened at $11.32 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.03 and a current ratio of 1.41. The company has a 50-day moving average of $9.49 and a 200-day moving average of $12.02. Orion Energy Systems, Inc. has a 52 week low of $5.50 and a 52 week high of $18.64. The company has a market capitalization of $45.96 million, a price-to-earnings ratio of -12.30 and a beta of 0.79.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Thursday, June 4th. The electronics maker reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.53). The business had revenue of $25.72 million during 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 research analysts anticipate that Orion Energy Systems, Inc. will post 0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OESX shares. Wall Street Zen downgraded Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. 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. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Orion Energy Systems presently has a consensus rating of “Hold” and a consensus target price of $20.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd acquired a new stake in shares of Orion Energy Systems in the fourth quarter valued at approximately $202,000. NewEdge Advisors LLC grew its position in Orion Energy Systems by 60.1% during the first quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock worth $211,000 after buying an additional 9,058 shares in the last quarter. Marshall Wace LLP bought a new position in Orion Energy Systems during the 4th quarter worth $706,000. Sei Investments Co. increased its stake in Orion Energy Systems by 114.3% during the 1st quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock worth $1,137,000 after acquiring an additional 69,387 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Orion Energy Systems by 32.4% in the 1st quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock valued at $1,560,000 after acquiring an additional 43,693 shares in the last quarter. 52.59% of the stock is owned by institutional investors.

Orion Energy Systems Company Profile

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.