Organigram Holdings Inc. (NASDAQ:OGI) Shares Purchased by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC lifted its holdings in Organigram Holdings Inc. (NASDAQ:OGI) by 37.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,000 shares of the company’s stock after acquiring an additional 12,250 shares during the period. Clear Harbor Asset Management LLC’s holdings in Organigram were worth $72,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in Organigram by 40.8% in the 2nd quarter. Renaissance Technologies LLC now owns 816,948 shares of the company’s stock valued at $1,258,000 after purchasing an additional 236,700 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Organigram by 8.3% in the third quarter. Tidal Investments LLC now owns 1,948,188 shares of the company’s stock worth $3,526,000 after buying an additional 149,171 shares during the period. Finally, Toronto Dominion Bank raised its holdings in shares of Organigram by 803.7% during the 3rd quarter. Toronto Dominion Bank now owns 16,727 shares of the company’s stock valued at $30,000 after buying an additional 14,876 shares during the period. Hedge funds and other institutional investors own 34.63% of the company’s stock.

Organigram Stock Up 1.9 %

NASDAQ OGI opened at $1.57 on Thursday. Organigram Holdings Inc. has a fifty-two week low of $1.31 and a fifty-two week high of $2.91. The business has a 50 day moving average price of $1.55 and a two-hundred day moving average price of $1.68. The stock has a market cap of $198.07 million, a PE ratio of -4.13 and a beta of 1.00.

Organigram (NASDAQ:OGI) last released its quarterly earnings results on Wednesday, December 18th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Organigram had a negative net margin of 28.58% and a negative return on equity of 11.68%. Sell-side analysts anticipate that Organigram Holdings Inc. will post -0.09 EPS for the current fiscal year.

About Organigram

Organigram Holdings Inc, through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, gummies, and concentrates for medical retailers; adult use recreational cannabis under the SHRED, Holy Mountain, Big Bag O' Buds, Monjour, Trailblazer, SHRED'ems, Edison Cannabis Co, Edison JOLTS, Tremblant, and Laurentian brands.