Townsquare Capital LLC Purchases 718 Shares of ORIX Co. (NYSE:IX)

Townsquare Capital LLC grew its position in shares of ORIX Co. (NYSE:IX) by 23.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,734 shares of the real estate investment trust’s stock after purchasing an additional 718 shares during the quarter. Townsquare Capital LLC’s holdings in ORIX were worth $397,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IX. Allspring Global Investments Holdings LLC lifted its stake in shares of ORIX by 133.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 41,283 shares of the real estate investment trust’s stock valued at $4,376,000 after acquiring an additional 23,595 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of ORIX in the third quarter worth approximately $2,600,000. Summit Global Investments purchased a new position in shares of ORIX in the fourth quarter worth $1,067,000. Virtu Financial LLC bought a new stake in ORIX during the 3rd quarter valued at $1,097,000. Finally, Callan Family Office LLC purchased a new stake in ORIX during the 4th quarter valued at $880,000. 1.73% of the stock is owned by hedge funds and other institutional investors.

ORIX Price Performance

Shares of ORIX stock opened at $19.67 on Monday. The company has a market cap of $22.41 billion, a PE ratio of 1.71, a P/E/G ratio of 0.97 and a beta of 0.78. The business has a 50 day moving average of $20.40 and a 200 day moving average of $21.16. ORIX Co. has a 52 week low of $17.75 and a 52 week high of $25.17. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.38.

ORIX (NYSE:IX) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. ORIX had a net margin of 13.66% and a return on equity of 9.73%. As a group, equities research analysts forecast that ORIX Co. will post 11.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of ORIX from a “hold” rating to a “buy” rating in a report on Saturday, March 1st.

ORIX Company Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.