Harfst & Associates Inc. reduced its stake in shares of Owens Realty Mortgage Inc (NYSE:ORM) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,237 shares of the financial services provider’s stock after selling 335 shares during the quarter. Harfst & Associates Inc. owned 0.07% of Owens Realty Mortgage worth $122,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Sorin Capital Management LLC purchased a new stake in shares of Owens Realty Mortgage in the second quarter valued at approximately $2,457,000. Vanguard Group Inc. increased its position in shares of Owens Realty Mortgage by 6.2% in the second quarter. Vanguard Group Inc. now owns 407,683 shares of the financial services provider’s stock valued at $6,914,000 after buying an additional 23,706 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Owens Realty Mortgage by 76.4% in the second quarter. Wells Fargo & Company MN now owns 31,534 shares of the financial services provider’s stock valued at $534,000 after buying an additional 13,658 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Owens Realty Mortgage by 46.1% in the second quarter. Russell Investments Group Ltd. now owns 25,574 shares of the financial services provider’s stock valued at $433,000 after buying an additional 8,073 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Owens Realty Mortgage by 12.0% in the second quarter. Advisors Asset Management Inc. now owns 39,829 shares of the financial services provider’s stock valued at $675,000 after buying an additional 4,274 shares in the last quarter.

Owens Realty Mortgage Inc (NYSE ORM) traded up 1.18% during mid-day trading on Friday, hitting $17.98. The stock had a trading volume of 24,633 shares. The stock has a 50-day moving average price of $17.29 and a 200 day moving average price of $17.15. Owens Realty Mortgage Inc has a 12-month low of $15.54 and a 12-month high of $19.16.

Owens Realty Mortgage (NYSE:ORM) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.36 EPS for the quarter. The business had revenue of $3.87 million during the quarter. Owens Realty Mortgage had a return on equity of 23.18% and a net margin of 329.84%. On average, equities research analysts predict that Owens Realty Mortgage Inc will post $1.60 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Saturday, September 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.22%.

Owens Realty Mortgage announced that its board has approved a stock repurchase plan on Tuesday, June 13th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the financial services provider to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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Owens Realty Mortgage Company Profile

Owens Realty Mortgage, Inc is a specialty finance company that focuses on the origination, investment and management of commercial real estate loans, primarily in the Western United States. The Company’s segments include commercial real estate, residential real estate and land loans. The Company provides short-term loans to small and middle-market investors and developers that require speed and flexibility.

Institutional Ownership by Quarter for Owens Realty Mortgage (NYSE:ORM)

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