Orchard Funding Group (LON:ORCH) Posts Earnings Results

Orchard Funding Group (LON:ORCH) announced its earnings results on Monday. The company reported GBX 7.15 ($0.09) EPS for the quarter, Digital Look Earnings reports. Orchard Funding Group had a net margin of 23.07% and a return on equity of 8.62%.

Orchard Funding Group Stock Down 5.0 %

Shares of LON:ORCH traded down GBX 2 ($0.03) during midday trading on Wednesday, reaching GBX 38 ($0.49). The company had a trading volume of 169,754 shares, compared to its average volume of 27,035. Orchard Funding Group has a 1-year low of GBX 16 ($0.21) and a 1-year high of GBX 44 ($0.57). The stock has a market cap of £8.11 million, a PE ratio of 542.86 and a beta of -0.13. The company has a quick ratio of 1.86, a current ratio of 1.50 and a debt-to-equity ratio of 212.80. The business’s 50 day moving average price is GBX 28.97 and its 200 day moving average price is GBX 27.36.

Orchard Funding Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th will be paid a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 7.02%. This is an increase from Orchard Funding Group’s previous dividend of $1.00. The ex-dividend date is Thursday, June 12th. Orchard Funding Group’s dividend payout ratio is currently 4,285.71%.

Orchard Funding Group Company Profile

Orchard Funding Group plc, through its subsidiaries, provides insurance premium finance, professional fee funding, finance, and secured property lending services in the United Kingdom. It operates in two segments, Standard Lending and Toyota Products. The company offers credit to businesses and consumers for spreading the cost of their insurance premiums; and professional customized fee funding solutions to accounting firms, professionals, and small businesses to provide extended credit to their business clients.