Rice Hall James & Associates LLC Has $4.10 Million Holdings in OR Royalties Inc. $OR

Rice Hall James & Associates LLC lessened its holdings in shares of OR Royalties Inc. (NYSE:OR) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,728 shares of the basic materials company’s stock after selling 16,012 shares during the period. Rice Hall James & Associates LLC owned 0.06% of OR Royalties worth $4,096,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Linden Thomas Advisory Services LLC lifted its holdings in shares of OR Royalties by 4.1% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,254 shares of the basic materials company’s stock worth $221,000 after purchasing an additional 249 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of OR Royalties by 6.2% during the fourth quarter. Wells Fargo & Company MN now owns 5,901 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 346 shares during the period. Allworth Financial LP lifted its holdings in shares of OR Royalties by 20.0% during the fourth quarter. Allworth Financial LP now owns 2,305 shares of the basic materials company’s stock worth $82,000 after purchasing an additional 384 shares during the period. Cetera Investment Advisers lifted its holdings in shares of OR Royalties by 3.5% during the second quarter. Cetera Investment Advisers now owns 13,147 shares of the basic materials company’s stock worth $337,000 after purchasing an additional 440 shares during the period. Finally, Vident Advisory LLC lifted its holdings in shares of OR Royalties by 2.0% during the second quarter. Vident Advisory LLC now owns 42,349 shares of the basic materials company’s stock worth $1,089,000 after purchasing an additional 820 shares during the period. Institutional investors and hedge funds own 68.52% of the company’s stock.

Analyst Ratings Changes

OR has been the topic of a number of recent research reports. TD Securities reiterated a “hold” rating on shares of OR Royalties in a report on Monday, February 23rd. Wall Street Zen lowered shares of OR Royalties from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings lowered shares of OR Royalties from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $56.00 price target on shares of OR Royalties in a report on Friday, April 10th. Finally, Zacks Research lowered shares of OR Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.

OR Royalties Stock Up 7.0%

OR stock opened at $36.20 on Tuesday. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 27.01 and a beta of 0.70. OR Royalties Inc. has a 12-month low of $24.76 and a 12-month high of $48.06. The company’s fifty day simple moving average is $37.59 and its 200 day simple moving average is $38.76.

OR Royalties (NYSE:OR) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.06. The business had revenue of $102.83 million for the quarter, compared to analyst estimates of $103.27 million. OR Royalties had a net margin of 78.09% and a return on equity of 15.10%. Research analysts expect that OR Royalties Inc. will post 1.4 earnings per share for the current year.

OR Royalties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.065 dividend. The ex-dividend date is Tuesday, June 30th. This is a positive change from OR Royalties’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 0.7%. OR Royalties’s dividend payout ratio (DPR) is presently 16.42%.

About OR Royalties

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.