Wambolt & Associates LLC Has $2.20 Million Position in ORIX Co. (NYSE:IX)

Wambolt & Associates LLC decreased its stake in ORIX Co. (NYSE:IX) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,742 shares of the real estate investment trust’s stock after selling 818 shares during the period. Wambolt & Associates LLC’s holdings in ORIX were worth $2,203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IX. FMR LLC raised its stake in ORIX by 9.9% during the third quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock worth $75,164,000 after buying an additional 58,178 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of ORIX by 133.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 41,283 shares of the real estate investment trust’s stock worth $4,376,000 after buying an additional 23,595 shares during the period. World Investment Advisors LLC bought a new stake in shares of ORIX in the 3rd quarter valued at $2,600,000. Summit Global Investments acquired a new position in shares of ORIX during the 4th quarter valued at $1,067,000. Finally, Virtu Financial LLC bought a new position in ORIX during the third quarter worth $1,097,000. 1.73% of the stock is owned by institutional investors and hedge funds.

ORIX Stock Up 0.1 %

IX stock opened at $21.69 on Tuesday. The stock’s 50 day simple moving average is $20.93 and its 200 day simple moving average is $21.74. The company has a market cap of $24.72 billion, a P/E ratio of 1.89, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.73 and a current ratio of 1.77. ORIX Co. has a fifty-two week low of $18.11 and a fifty-two week high of $25.17.

ORIX (NYSE:IX) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.51 EPS 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%. On average, research analysts expect that ORIX Co. will post 11.31 earnings per share for the current fiscal 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.