Townsquare Capital LLC Purchases 718 Shares of ORIX Co. (NYSE:IX)

Townsquare Capital LLC lifted its position in shares of ORIX Co. (NYSE:IX) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,734 shares of the real estate investment trust’s stock after acquiring an additional 718 shares during the period. Townsquare Capital LLC’s holdings in ORIX were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in ORIX in the third quarter worth approximately $80,000. SG Americas Securities LLC bought a new stake in shares of ORIX in the fourth quarter worth $123,000. Smartleaf Asset Management LLC lifted its holdings in ORIX by 282.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 941 shares during the period. Gitterman Wealth Management LLC boosted its position in ORIX by 9.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 162 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of ORIX during the 4th quarter valued at about $215,000. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

ORIX Price Performance

Shares of ORIX stock opened at $19.67 on Monday. The stock has a market cap of $22.41 billion, a P/E ratio of 1.71, a P/E/G ratio of 0.97 and a beta of 0.78. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.73 and a current ratio of 1.77. The stock’s fifty day moving average is $20.40 and its 200 day moving average is $21.16. ORIX Co. has a one year low of $17.75 and a one year high of $25.17.

ORIX (NYSE:IX) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. ORIX had a return on equity of 9.73% and a net margin of 13.66%. Sell-side analysts anticipate that ORIX Co. will post 11.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of ORIX from a “hold” rating to a “buy” rating in a report on Saturday, March 1st.

ORIX Company 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.