Louisiana State Employees Retirement System maintained its stake in shares of Oritani Financial Corp. (NASDAQ:ORIT) during the second quarter, Holdings Channel reports. The firm owned 15,700 shares of the bank’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Oritani Financial Corp. were worth $268,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of Oritani Financial Corp. by 77.7% in the second quarter. State of Alaska Department of Revenue now owns 7,553 shares of the bank’s stock valued at $128,000 after buying an additional 3,303 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Oritani Financial Corp. by 5.3% in the first quarter. BNP Paribas Arbitrage SA now owns 8,063 shares of the bank’s stock valued at $137,000 after buying an additional 405 shares in the last quarter. Mason Street Advisors LLC boosted its position in Oritani Financial Corp. by 8.5% in the first quarter. Mason Street Advisors LLC now owns 9,009 shares of the bank’s stock valued at $153,000 after buying an additional 704 shares in the last quarter. Beese Fulmer Investment Management Inc. purchased a new position in Oritani Financial Corp. during the second quarter valued at about $192,000. Finally, ClariVest Asset Management LLC boosted its position in Oritani Financial Corp. by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 11,681 shares of the bank’s stock valued at $198,000 after buying an additional 592 shares in the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

Oritani Financial Corp. (ORIT) traded up 0.63% during trading on Friday, hitting $16.10. 64,267 shares of the company traded hands. The company’s 50-day moving average is $16.76 and its 200 day moving average is $16.89. The firm has a market cap of $664.91 million, a price-to-earnings ratio of 14.64 and a beta of 0.33. Oritani Financial Corp. has a 52-week low of $15.35 and a 52-week high of $19.00.

The business also recently declared 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. This represents a $0.70 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Thursday, August 3rd. Oritani Financial Corp.’s dividend payout ratio is presently 63.64%.

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Several research firms recently issued reports on ORIT. Piper Jaffray Companies reiterated a “hold” rating and issued a $17.00 target price on shares of Oritani Financial Corp. in a research note on Thursday, August 3rd. BidaskClub cut shares of Oritani Financial Corp. from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Finally, ValuEngine upgraded shares of Oritani Financial Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, July 20th.

In related news, SVP Philip Wyks sold 10,000 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $16.67, for a total transaction of $166,700.00. Following the completion of the sale, the senior vice president now directly owns 26,698 shares of the company’s stock, valued at $445,055.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James J. Doyle, Jr. sold 50,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $17.29, for a total value of $864,500.00. Following the sale, the director now directly owns 290,000 shares of the company’s stock, valued at $5,014,100. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,478 shares of company stock valued at $2,195,577. Corporate insiders own 15.27% of the company’s stock.

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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