CWA Asset Management Group LLC Raises Stock Position in OR Royalties Inc. $OR

CWA Asset Management Group LLC lifted its holdings in shares of OR Royalties Inc. (NYSE:OR) by 112.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 381,747 shares of the basic materials company’s stock after purchasing an additional 202,173 shares during the quarter. CWA Asset Management Group LLC owned about 0.20% of OR Royalties worth $15,300,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Plato Investment Management Ltd purchased a new stake in OR Royalties during the 1st quarter worth about $56,000. Merit Financial Group LLC acquired a new position in shares of OR Royalties during the third quarter worth about $215,000. Smith Salley Wealth Management acquired a new position in shares of OR Royalties during the third quarter worth about $228,000. Twin Tree Management LP purchased a new stake in shares of OR Royalties during the second quarter worth approximately $245,000. Finally, Trexquant Investment LP acquired a new stake in OR Royalties in the first quarter valued at approximately $248,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

OR Royalties Stock Performance

OR opened at $35.14 on Monday. OR Royalties Inc. has a one year low of $17.55 and a one year high of $42.25. The stock has a market capitalization of $6.61 billion, a P/E ratio of 44.48 and a beta of 0.78. The business’s 50-day simple moving average is $34.01 and its 200-day simple moving average is $32.71.

OR Royalties (NYSE:OR) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. OR Royalties had a return on equity of 10.67% and a net margin of 60.72%.The firm had revenue of $71.63 million for the quarter, compared to the consensus estimate of $53.85 million. On average, equities research analysts forecast that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.055 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.22 annualized dividend and a yield of 0.6%. OR Royalties’s dividend payout ratio is 27.85%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $38.00 price target on shares of OR Royalties in a report on Sunday, December 7th. Canaccord Genuity Group raised OR Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Scotiabank downgraded OR Royalties from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $33.00 to $41.00 in a report on Thursday, October 23rd. Raymond James Financial upgraded OR Royalties from a “market perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a report on Thursday, November 6th. Finally, Zacks Research lowered OR Royalties from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.75.

OR Royalties Company Profile

OR Royalties PLC (NYSE: OR) is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.

The company’s core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.