GAMMA Investing LLC Makes New $63,000 Investment in ORIX Co. (NYSE:IX)

GAMMA Investing LLC bought a new position in shares of ORIX Co. (NYSE:IX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 658 shares of the real estate investment trust’s stock, valued at approximately $63,000.

Several other institutional investors have also recently made changes to their positions in the stock. QRG Capital Management Inc. purchased a new stake in shares of ORIX in the third quarter worth $4,612,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of ORIX in the third quarter worth $4,450,000. International Assets Investment Management LLC purchased a new stake in shares of ORIX in the fourth quarter worth $2,721,000. FMR LLC raised its position in shares of ORIX by 4.2% in the third quarter. FMR LLC now owns 439,129 shares of the real estate investment trust’s stock worth $41,225,000 after buying an additional 17,700 shares in the last quarter. Finally, XY Capital Ltd purchased a new stake in shares of ORIX in the fourth quarter worth $624,000. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded ORIX from a “hold” rating to a “buy” rating in a research report on Monday.

ORIX Stock Down 1.3 %

IX opened at $101.25 on Thursday. The stock has a market cap of $23.51 billion, a PE ratio of 11.84, a P/E/G ratio of 0.74 and a beta of 0.85. The company has a quick ratio of 1.75, a current ratio of 1.79 and a debt-to-equity ratio of 1.40. ORIX Co. has a 52 week low of $82.67 and a 52 week high of $113.43. The business’s fifty day simple moving average is $106.09 and its 200 day simple moving average is $97.86.

ORIX (NYSE:IX) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported $2.66 EPS for the quarter. The business had revenue of $4.59 billion for the quarter. ORIX had a return on equity of 7.60% and a net margin of 10.31%. As a group, research analysts expect that ORIX Co. will post 9.86 earnings per share for the current fiscal year.

ORIX Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.