Rhumbline Advisers Buys 32,548 Shares of Orix Corp Ads (NYSE:IX)

Rhumbline Advisers boosted its stake in shares of Orix Corp Ads (NYSE:IX) by 305.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,196 shares of the real estate investment trust’s stock after buying an additional 32,548 shares during the period. Rhumbline Advisers’ holdings in Orix Corp Ads were worth $902,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BTC Capital Management Inc. increased its position in Orix Corp Ads by 486.6% during the 1st quarter. BTC Capital Management Inc. now owns 97,618 shares of the real estate investment trust’s stock valued at $2,039,000 after buying an additional 80,977 shares in the last quarter. Parallel Advisors LLC boosted its stake in Orix Corp Ads by 400.0% during the 1st quarter. Parallel Advisors LLC now owns 9,235 shares of the real estate investment trust’s stock valued at $193,000 after purchasing an additional 7,388 shares during the last quarter. Summit Global Investments boosted its stake in Orix Corp Ads by 63.5% during the 1st quarter. Summit Global Investments now owns 16,423 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 6,377 shares during the last quarter. GAMMA Investing LLC boosted its stake in Orix Corp Ads by 9,157.8% during the 1st quarter. GAMMA Investing LLC now owns 119,240 shares of the real estate investment trust’s stock valued at $2,491,000 after purchasing an additional 117,952 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Orix Corp Ads by 9,139.2% during the 1st quarter. Versant Capital Management Inc now owns 15,799 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 15,628 shares during the last quarter. Institutional investors own 1.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Orix Corp Ads from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th.

Orix Corp Ads Stock Performance

Shares of IX opened at $21.20 on Friday. The business’s fifty day simple moving average is $20.58 and its two-hundred day simple moving average is $20.81. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.37. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $25.17. The company has a market cap of $24.16 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 0.78 and a beta of 0.85.

Orix Corp Ads (NYSE:IX) last issued its earnings results on Monday, May 12th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.20). The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $5.17 billion. Orix Corp Ads had a net margin of 12.24% and a return on equity of 8.53%. Research analysts anticipate that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Orix Corp Ads 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.