ABC Arbitrage SA Makes New $865,000 Investment in ORIX Co. (NYSE:IX)

ABC Arbitrage SA acquired a new stake in shares of ORIX Co. (NYSE:IX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,139 shares of the real estate investment trust's stock, valued at approximately $865,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of ORIX by 9.9% during the 3rd quarter. FMR LLC now owns 647,689 shares of the real estate investment trust's stock worth $75,164,000 after purchasing an additional 58,178 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of ORIX during the 3rd quarter worth $4,256,000. Allspring Global Investments Holdings LLC lifted its holdings in ORIX by 133.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 41,283 shares of the real estate investment trust's stock worth $4,376,000 after purchasing an additional 23,595 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of ORIX during the 3rd quarter worth $2,600,000. Finally, Crossmark Global Holdings Inc. raised its holdings in ORIX by 52.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 28,722 shares of the real estate investment trust's stock worth $3,334,000 after acquiring an additional 9,839 shares during the period. Hedge funds and other institutional investors own 1.73% of the company's stock.

Insider Activity at ORIX

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the sale, the insider now directly owns 2,976,077 shares of the company's stock, valued at approximately $224,336,684.26. The trade was a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is currently owned by corporate insiders.

ORIX Stock Performance

NYSE IX traded down $0.52 during midday trading on Wednesday, hitting $101.52. The company had a trading volume of 26,425 shares, compared to its average volume of 36,185. The firm has a fifty day simple moving average of $105.48 and a two-hundred day simple moving average of $111.01. ORIX Co. has a fifty-two week low of $90.57 and a fifty-two week high of $125.84. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.38. The stock has a market cap of $24.67 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 0.98 and a beta of 0.92.

ORIX (NYSE:IX - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.06. ORIX had a return on equity of 9.73% and a net margin of 13.66%. Equities analysts forecast that ORIX Co. will post 11.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded ORIX from a "hold" rating to a "buy" rating in a report on Thursday, February 13th.

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.