State of Alaska Department of Revenue boosted its position in Oritani Financial Corp. (NASDAQ:ORIT) by 77.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,553 shares of the bank’s stock after buying an additional 3,303 shares during the period. State of Alaska Department of Revenue’s holdings in Oritani Financial Corp. were worth $128,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Oritani Financial Corp. during the fourth quarter worth $10,303,000. Vanguard Group Inc. raised its position in shares of Oritani Financial Corp. by 8.1% in the first quarter. Vanguard Group Inc. now owns 3,964,084 shares of the bank’s stock worth $67,390,000 after buying an additional 296,772 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Oritani Financial Corp. by 13.0% in the first quarter. Renaissance Technologies LLC now owns 1,690,425 shares of the bank’s stock worth $28,737,000 after buying an additional 195,100 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Oritani Financial Corp. by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,710,712 shares of the bank’s stock worth $46,082,000 after buying an additional 172,780 shares during the last quarter. Finally, Citadel Advisors LLC raised its position in shares of Oritani Financial Corp. by 781.8% in the first quarter. Citadel Advisors LLC now owns 132,871 shares of the bank’s stock worth $2,259,000 after buying an additional 117,802 shares during the last quarter. Institutional investors own 64.18% of the company’s stock.

Oritani Financial Corp. (NASDAQ:ORIT) traded down 0.463% during midday trading on Friday, hitting $16.125. The stock had a trading volume of 78,839 shares. Oritani Financial Corp. has a 52-week low of $15.35 and a 52-week high of $19.00. The firm has a market capitalization of $665.95 million, a P/E ratio of 14.659 and a beta of 0.33. The firm has a 50-day moving average of $16.89 and a 200 day moving average of $16.93.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.70 annualized dividend and a dividend yield of 4.32%. Oritani Financial Corp.’s dividend payout ratio (DPR) is presently 63.64%.

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ORIT has been the subject of a number of research reports. ValuEngine lowered shares of Oritani Financial Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Oritani Financial Corp. from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $17.00 price objective on shares of Oritani Financial Corp. in a research note on Thursday, August 3rd.

In other Oritani Financial Corp. news, Director James J. Doyle, Jr. sold 50,000 shares of Oritani Financial Corp. stock in a transaction on Monday, June 12th. The shares were sold at an average price of $17.29, for a total value of $864,500.00. Following the completion of the transaction, the director now owns 290,000 shares of the company’s stock, valued at $5,014,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Philip Wyks sold 10,000 shares of Oritani Financial Corp. stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $16.67, for a total transaction of $166,700.00. Following the completion of the transaction, the senior vice president now directly owns 26,698 shares of the company’s stock, valued at approximately $445,055.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,772 shares of company stock valued at $2,038,358. 15.27% of the stock is currently owned by corporate insiders.

Oritani Financial Corp. Company Profile

Oritani Financial Corp. is a holding company for Oritani Bank (the Bank). The Bank offers a range of retail and commercial loan and deposit products. The Bank operates in the New Jersey Counties of Bergen, Hudson, Essex and Passaic. The Bank’s loan portfolio includes residential loans, residential commercial real estate loans, credit or grocery retail commercial real estate loans, other commercial real estate loans, and construction and land loans.

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Institutional Ownership by Quarter for Oritani Financial Corp. (NASDAQ:ORIT)

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