ORIX Co. (NYSE:IX) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC cut its stake in ORIX Co. (NYSE:IX) by 1.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,894 shares of the real estate investment trust’s stock after selling 142 shares during the period. DGS Capital Management LLC’s holdings in ORIX were worth $839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in IX. SG Americas Securities LLC acquired a new position in shares of ORIX during the fourth quarter worth approximately $123,000. Crossmark Global Holdings Inc. boosted its position in ORIX by 14.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 32,806 shares of the real estate investment trust’s stock worth $3,485,000 after acquiring an additional 4,084 shares during the period. Gilman Hill Asset Management LLC grew its stake in shares of ORIX by 8.2% in the fourth quarter. Gilman Hill Asset Management LLC now owns 36,590 shares of the real estate investment trust’s stock worth $3,887,000 after purchasing an additional 2,775 shares in the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of ORIX by 6.6% during the fourth quarter. Aaron Wealth Advisors LLC now owns 4,188 shares of the real estate investment trust’s stock valued at $445,000 after purchasing an additional 259 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of ORIX by 30.6% during the fourth quarter. Park Avenue Securities LLC now owns 3,460 shares of the real estate investment trust’s stock valued at $368,000 after purchasing an additional 811 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of ORIX from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Insider Buying and Selling

In other news, major shareholder Corp Orix sold 3,700,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the completion of the sale, the insider now directly owns 2,976,077 shares of the company’s stock, valued at $224,336,684.26. This represents a 55.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.

ORIX Stock Performance

IX opened at $105.77 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.40 and a quick ratio of 1.37. The company has a market capitalization of $24.56 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 1.06 and a beta of 0.92. The business has a 50 day moving average price of $107.43 and a two-hundred day moving average price of $112.42. ORIX Co. has a 1-year low of $90.57 and a 1-year high of $125.84.

ORIX (NYSE:IX) last issued its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $2.82 EPS for the quarter, topping the consensus estimate of $2.50 by $0.32. ORIX had a net margin of 14.08% and a return on equity of 10.01%. The firm had revenue of $4.67 billion for the quarter. During the same quarter last year, the firm posted $1.94 earnings per share. Research analysts predict that ORIX Co. will post 10.99 EPS for the current fiscal year.

ORIX 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.