OR Royalties Inc. $OR Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC trimmed its stake in shares of OR Royalties Inc. (NYSE:OR) by 11.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,740 shares of the basic materials company’s stock after selling 16,874 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.07% of OR Royalties worth $5,280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Picton Mahoney Asset Management bought a new position in shares of OR Royalties during the second quarter worth about $96,617,000. Elliott Investment Management L.P. acquired a new stake in OR Royalties during the first quarter valued at approximately $46,045,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in OR Royalties by 43.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,419,246 shares of the basic materials company’s stock valued at $139,006,000 after buying an additional 1,648,567 shares in the last quarter. EdgePoint Investment Group Inc. lifted its holdings in OR Royalties by 6.8% during the 1st quarter. EdgePoint Investment Group Inc. now owns 24,020,067 shares of the basic materials company’s stock worth $507,009,000 after buying an additional 1,534,292 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of OR Royalties by 152.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,256,583 shares of the basic materials company’s stock worth $26,539,000 after acquiring an additional 758,815 shares in the last quarter. Institutional investors own 68.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Jefferies Financial Group reissued a “hold” rating and set a $38.00 price target on shares of OR Royalties in a research report on Sunday, December 7th. Zacks Research downgraded shares of OR Royalties from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Weiss Ratings restated a “buy (b)” rating on shares of OR Royalties in a research note on Monday. Scotiabank lowered OR Royalties from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $33.00 to $41.00 in a report on Thursday, October 23rd. Finally, Wall Street Zen raised OR Royalties from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, OR Royalties currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.75.

OR Royalties Trading Up 1.5%

NYSE OR opened at $37.60 on Friday. The company has a 50-day moving average price of $33.92 and a two-hundred day moving average price of $32.29. OR Royalties Inc. has a 52 week low of $17.55 and a 52 week high of $42.25. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 47.59 and a beta of 0.81.

OR Royalties (NYSE:OR) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $71.63 million during the quarter, compared to analyst estimates of $53.85 million. OR Royalties had a return on equity of 10.67% and a net margin of 60.72%. As a group, equities research analysts expect that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.055 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.22 annualized dividend and a yield of 0.6%. OR Royalties’s dividend payout ratio is presently 27.85%.

OR Royalties Profile

OR Royalties PLC (NYSE: OR) is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.

The company’s core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.