SCHEDULE 13G/A: Portolan Capital Management Discloses 1.15% Passive Stake in Orion Group Holdings

Portolan Capital Management, LLC and George McCabe have filed an amended Schedule 13G, disclosing a passive beneficial ownership of 1.15% in Orion Group Holdings, Inc. as of December 31, 2024.

Summary

• Portolan Capital Management, LLC and George McCabe reported beneficial ownership of 448,691 shares of Orion Group Holdings, Inc. common stock.
• This ownership represents 1.15% of the company's outstanding common stock.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously filed statement or an initial filing that met the reporting threshold.
• Portolan Capital Management, LLC is identified as a registered investment adviser, and George McCabe is its Manager.
• Both reporting persons hold sole voting power and sole dispositive power over the 448,691 shares.
• The filing certifies that the securities were not acquired or held for the purpose of changing or influencing the control of Orion Group Holdings, Inc.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply disclosing a passive ownership stake. It does not convey positive or negative sentiment about the issuer's performance or prospects.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of passive ownership by an investment firm in a publicly traded company. It does not indicate any strategic shift or significant industry trend, but rather reflects an investment decision by Portolan Capital Management, LLC.

Stakeholder Impact

• Primarily impacts shareholders by providing transparency on significant passive ownership stakes, which can influence market perception of institutional interest in the company.

Key Dates

Keywords

Orion Group Holdings, Portolan Capital Management, George McCabe, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Passive Investment, SEC Filing, Equity Stake