SG Trading Solutions LLC Takes $577,000 Position in Orix Corp Ads $IX

SG Trading Solutions LLC acquired a new stake in Orix Corp Ads (NYSE:IX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,731 shares of the real estate investment trust’s stock, valued at approximately $577,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. purchased a new position in Orix Corp Ads in the fourth quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Orix Corp Ads in the 4th quarter worth approximately $34,000. Kestra Advisory Services LLC acquired a new stake in shares of Orix Corp Ads in the 4th quarter worth approximately $35,000. Geneos Wealth Management Inc. increased its stake in Orix Corp Ads by 4,325.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 2,033 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Orix Corp Ads by 56.5% in the 4th quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,160 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Stock Performance

Shares of IX opened at $40.13 on Friday. Orix Corp Ads has a 12-month low of $21.14 and a 12-month high of $40.50. The stock has a market cap of $44.55 billion, a P/E ratio of 15.03, a PEG ratio of 1.34 and a beta of 0.88. The company has a current ratio of 1.76, a quick ratio of 1.71 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average of $35.93 and a two-hundred day moving average of $32.64.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 EPS for the quarter. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.93%. The business had revenue of $6.03 billion for the quarter. As a group, research analysts predict that Orix Corp Ads will post 2.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IX. Weiss Ratings reiterated a “buy (b)” rating on shares of Orix Corp Ads in a research report on Friday, May 8th. Wall Street Zen lowered Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Orix Corp Ads currently has a consensus rating of “Buy”.

Orix Corp Ads Company Profile

ORIX Corporation ADS (NYSE: IX) is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX’s ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.