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

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings in shares of Organigram by 40.8% during the second quarter. Renaissance Technologies LLC now owns 816,948 shares of the company’s stock worth $1,258,000 after purchasing an additional 236,700 shares during the last quarter. Tidal Investments LLC lifted its position in Organigram by 8.3% during 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 boosted its stake in Organigram by 803.7% in the 3rd quarter. Toronto Dominion Bank now owns 16,727 shares of the company’s stock worth $30,000 after buying an additional 14,876 shares during the last quarter. 34.63% of the stock is currently owned by hedge funds and other institutional investors.

Organigram Price Performance

NASDAQ OGI opened at $1.57 on Thursday. The company has a market cap of $198.07 million, a P/E ratio of -4.13 and a beta of 1.00. Organigram Holdings Inc. has a 12 month low of $1.31 and a 12 month high of $2.91. The company has a 50-day moving average of $1.55 and a 200-day moving average of $1.68.

Organigram (NASDAQ:OGI) last issued its quarterly earnings results on Wednesday, December 18th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Organigram had a negative return on equity of 11.68% and a negative net margin of 28.58%. As a group, equities research analysts anticipate that Organigram Holdings Inc. will post -0.09 EPS for the current year.

Organigram Company Profile

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.