SCHEDULE 13G: Royce & Associates LP Discloses 5.2% Passive Stake in Orion Group Holdings, Inc.

Royce & Associates LP has filed a Schedule 13G, reporting a passive beneficial ownership of 5.2% of the common stock of Orion Group Holdings, Inc.

Summary

• Royce & Associates LP, an investment adviser based in New York, has reported beneficial ownership of 2,023,545 shares of common stock in Orion Group Holdings, Inc.
• This stake represents 5.20% of the total outstanding common stock of Orion Group Holdings, Inc.
• The filing indicates that Royce & Associates LP holds sole voting power and sole dispositive power over all 2,023,545 shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• Royce & Associates LP is an indirect majority-owned subsidiary of Franklin Resources, Inc., and exercises its investment and voting powers independently from Franklin Resources, Inc. and its other affiliates.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing disclosing a passive ownership stake. It does not contain information that inherently suggests positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• The disclosure of a significant institutional investor like Royce & Associates LP holding a 5.2% stake can be viewed as a vote of confidence in Orion Group Holdings, Inc. by a professional investment firm.
• The passive nature of the investment, as certified by Royce & Associates LP, indicates that the firm is not seeking to influence or change the control of Orion Group Holdings, Inc., which can provide stability.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding Orion Group Holdings, Inc.'s future performance or strategic direction.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect." Daniel A. O'Byrne, Vice President, Royce & Associates LP.

Industry Context

This filing reflects a routine disclosure of a significant passive investment by an institutional asset manager in a publicly traded company. Such disclosures are common in the investment management industry as firms cross beneficial ownership thresholds, indicating ongoing portfolio management activities.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder, potentially influencing investor confidence and market perception.

Key Dates

Keywords

Orion Group Holdings, Royce & Associates LP, SEC Filing, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Investment Adviser, Passive Investment