ORIX (NYSE:IX) Hits New 52-Week High - Here's What Happened

ORIX Co. (NYSE:IX - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $102.99 and last traded at $103.21, with a volume of 1164 shares changing hands. The stock had previously closed at $103.04.

Wall Street Analysts Forecast Growth

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

ORIX Stock Performance

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 company has a market cap of $25.23 billion, a P/E ratio of 1.81, a P/E/G ratio of 0.97 and a beta of 0.92. The firm has a 50 day moving average price of $102.78 and a 200-day moving average price of $109.86.

ORIX (NYSE:IX - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.50 by $0.06. ORIX had a return on equity of 9.73% and a net margin of 13.66%. On average, research analysts predict that ORIX Co. will post 11.31 EPS for the current year.

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Insider Buying and Selling

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $75.38, for a total value of $278,906,000.00. Following the sale, the insider now owns 2,976,077 shares of the company's stock, valued at $224,336,684.26. This trade represents a 55.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 acquired a new position in ORIX during the 3rd quarter valued at $80,000. SG Americas Securities LLC bought a new position in shares of ORIX during the 4th quarter worth about $123,000. Smartleaf Asset Management LLC raised its position in shares of ORIX by 282.6% during 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 during the last quarter. Aquatic Capital Management LLC lifted its stake in shares of ORIX by 1,310.0% in the fourth quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust's stock valued at $150,000 after buying an additional 1,310 shares during the period. Finally, Gitterman Wealth Management LLC grew its position in ORIX by 9.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust's stock worth $205,000 after buying an additional 162 shares in the last quarter. 1.73% of the stock is owned by institutional investors.

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.