ORIX (NYSE:IX) Sees Strong Trading Volume - Here's Why

ORIX Co. (NYSE:IX - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 556,541 shares traded hands during mid-day trading, an increase of 192% from the previous session's volume of 190,529 shares.The stock last traded at $21.21 and had previously closed at $20.91.

Analyst Ratings Changes

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

ORIX Stock Up 1.6 %

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 $25.81 billion, a PE ratio of 1.85, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94. The firm has a fifty day moving average of $20.86 and a 200 day moving average of $22.01.

ORIX (NYSE:IX - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.51 EPS 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%. On average, equities research analysts anticipate that ORIX Co. will post 11.31 EPS for the current fiscal year.

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Insider Activity

In other news, major shareholder Corp Orix sold 18,500,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $15.08, for a total value of $278,906,000.00. Following the transaction, the insider now owns 14,880,385 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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Institutional Investors Weigh In On ORIX

Several hedge funds have recently modified their holdings of IX. Wilmington Savings Fund Society FSB purchased a new stake in ORIX in the 3rd quarter valued at approximately $80,000. SG Americas Securities LLC acquired a new stake in shares of ORIX in the 4th quarter valued at approximately $123,000. Smartleaf Asset Management LLC boosted its stake in shares of 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 buying an additional 941 shares in the last quarter. Aquatic Capital Management LLC grew its holdings in ORIX by 1,310.0% during the fourth quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust's stock worth $150,000 after acquiring an additional 1,310 shares during the period. Finally, Gitterman Wealth Management LLC raised 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 acquiring an additional 162 shares in the last quarter. 1.73% of the stock is owned by institutional investors and hedge funds.

About ORIX

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.