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

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

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

Analyst Ratings Changes

A number of analysts recently issued reports on IX shares. Wall Street Zen lowered shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Orix Corp Ads in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Orix Corp Ads Stock Performance

NYSE IX opened at $40.13 on Friday. The business’s 50-day moving average price is $35.93 and its 200 day moving average price is $32.64. The company has a current ratio of 1.76, a quick ratio of 1.71 and a debt-to-equity ratio of 1.30. Orix Corp Ads has a twelve month low of $21.14 and a twelve month high of $40.50. The company has a market capitalization of $44.55 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.34 and a beta of 0.88.

Orix Corp Ads (NYSE:IX) last posted 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 return on equity of 9.93% and a net margin of 13.55%.The company had revenue of $6.03 billion during the quarter. On average, research analysts predict that Orix Corp Ads will post 2.96 earnings per share for the current year.

Orix Corp Ads 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.