William Hull (Insider Trades), CFO of Orion Energy Systems Inc. (OESX), bought 9,527 shares of the company on Feb. 25.
The average price per share was $1.33, for a total transaction of $12,671. Orion Energy provides efficient lighting systems and retrofit lighting solutions for commercial and industrial buildings. The company has a market cap of $39.13 million and a P/S ratio of 0.56.
The number and volume of insider trades increased from 2013 to 2015. There were two more insider trades in 2014 than 2013, and insiders bought 31,000 more shares in 2014 than in the previous year. Insider buys further increased to 18 transactions of 90,001 shares in 2015. There have been five purchases of 34,477 shares in the first two months of 2016 alone.
Hull made two other transactions with the company aside from last week's acquisition. The three transactions combined amount to 20,977 shares. Orion CEO John Scribante (Insider Trades) acquired 10,000 shares of the company for an average per share price of $1.26 on Feb. 16. 
The increase in insider buys correlates to a decrease in month-end price of $4.53 per share in January 2015, to $1.37 per share 13 months later. For more information about insider trades with Orion Energy, click here.
The company reported total revenue of $12.04 million in the third fiscal quarter of 2016 ended in December 2015. Total revenue decreased from $22.31 billion reported by the company in the corresponding quarter of 2014. Net loss, however, decreased from $4.66 million, or 21 cents per share, to $2 million, or 7 cents per share, when comparing these time periods. Annual revenue follows an increasing trend line while annual net income follows a decreasing trend line. 
Scribante commented, “[The company’s] margin expansion efforts continue to bear fruit as we achieved an aggregate gross margin of 28%, our highest in eight quarters.” The company also announced a $1.58 million contract to provide energy efficient lighting to one of the nation’s largest veterans’ medical facilities. Scribante said that taking on the project and “supporting [veterans] care with an American-made product” would be an honor. Orion also announced the approval of a $2.8 million contract to retrofit two research center sites with patented and patent-pending light fixtures and sensors. The project will begin this month and is expected to continue through spring.
According to GuruFocus.com information, Orion Energy Systems has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
Jim Simons (Trades, Portfolio) and Chuck Royce (Trades, Portfolio) increased their stakes in the company by 32.52% and 58.33% at an average per share price of $2.04 in the fourth quarter of 2015. For more information about guru trades with Orion Energy, click here.
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