ORIX (NYSE:IX) Shares Gap Down - What's Next?

Shares of ORIX Co. (NYSE:IX - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $105.84, but opened at $100.25. ORIX shares last traded at $100.15, with a volume of 7,144 shares traded.

Analyst Ratings Changes

Separately, StockNews.com raised ORIX from a "hold" rating to a "buy" rating in a research report on Thursday.

ORIX Trading Up 0.1 %

The company has a debt-to-equity ratio of 1.38, a current ratio of 1.40 and a quick ratio of 1.37. The firm has a fifty day simple moving average of $105.85 and a two-hundred day simple moving average of $111.17. The firm has a market capitalization of $25.08 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 1.08 and a beta of 0.92.

ORIX (NYSE:IX - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $2.56 EPS for the quarter, topping the consensus estimate of $2.50 by $0.06. ORIX had a net margin of 14.08% and a return on equity of 10.01%. On average, equities research analysts anticipate that ORIX Co. will post 10.9 earnings per share for the current fiscal year.

Insider Activity

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $75.38, for a total value of $278,906,000.00. Following the completion of the transaction, the insider now owns 2,976,077 shares of the company's stock, valued at $224,336,684.26. The trade was a 55.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of ORIX in the 3rd quarter valued at $80,000. SG Americas Securities LLC purchased a new stake in shares of ORIX in the 4th quarter worth about $123,000. Smartleaf Asset Management LLC boosted its position in ORIX by 282.6% during the 4th 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 in the last quarter. Aquatic Capital Management LLC lifted its position 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 valued at $150,000 after buying an additional 1,310 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in ORIX by 26.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,438 shares of the real estate investment trust's stock worth $167,000 after acquiring an additional 305 shares in the last quarter. Institutional investors own 1.73% of the company's stock.

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.