Global Alpha Capital Management Ltd. Has $188.13 Million Holdings in Ormat Technologies, Inc. (NYSE:ORA)

Global Alpha Capital Management Ltd. grew its stake in shares of Ormat Technologies, Inc. (NYSE:ORA - Free Report) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,446,624 shares of the energy company's stock after acquiring an additional 140,882 shares during the quarter. Ormat Technologies comprises approximately 12.2% of Global Alpha Capital Management Ltd.'s investment portfolio, making the stock its largest holding. Global Alpha Capital Management Ltd. owned about 4.05% of Ormat Technologies worth $188,125,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Sei Investments Co. raised its stake in Ormat Technologies by 10.4% in the 1st quarter. Sei Investments Co. now owns 17,197 shares of the energy company's stock valued at $1,138,000 after purchasing an additional 1,615 shares during the last quarter. US Bancorp DE boosted its holdings in Ormat Technologies by 96.6% during the 1st quarter. US Bancorp DE now owns 7,539 shares of the energy company's stock valued at $499,000 after acquiring an additional 3,704 shares during the period. Vanguard Group Inc. boosted its holdings in Ormat Technologies by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 5,388,571 shares of the energy company's stock valued at $356,670,000 after acquiring an additional 63,943 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of Ormat Technologies by 1.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 55,555 shares of the energy company's stock valued at $3,676,000 after buying an additional 1,007 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Ormat Technologies by 15.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 144,778 shares of the energy company's stock valued at $9,583,000 after buying an additional 19,797 shares during the period. Institutional investors and hedge funds own 95.49% of the company's stock.

Ormat Technologies Stock Up 0.0 %

NYSE ORA traded up $0.02 during mid-day trading on Wednesday, reaching $79.38. 240,462 shares of the company's stock traded hands, compared to its average volume of 438,094. Ormat Technologies, Inc. has a 1-year low of $59.41 and a 1-year high of $84.30. The company has a fifty day simple moving average of $77.93 and a 200-day simple moving average of $74.95. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 4.09 and a beta of 0.53.

Ormat Technologies (NYSE:ORA - Get Free Report) last issued its earnings results on Wednesday, November 6th. The energy company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. The company had revenue of $211.80 million during the quarter, compared to analyst estimates of $215.53 million. Ormat Technologies had a return on equity of 5.27% and a net margin of 13.33%. The business's revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. As a group, equities research analysts expect that Ormat Technologies, Inc. will post 1.93 EPS for the current year.

Ormat Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $0.48 dividend on an annualized basis and a yield of 0.60%. Ormat Technologies's dividend payout ratio is currently 24.49%.

Insider Buying and Selling at Ormat Technologies

In other news, Director Dafna Sharir sold 433 shares of Ormat Technologies stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $74.91, for a total transaction of $32,436.03. Following the transaction, the director now owns 3,561 shares in the company, valued at approximately $266,754.51. The trade was a 10.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Byron G. Wong sold 1,266 shares of the business's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $74.98, for a total value of $94,924.68. Following the completion of the sale, the director now directly owns 6,906 shares of the company's stock, valued at approximately $517,811.88. The trade was a 15.49 % decrease in their position. The disclosure for this sale can be found here. 0.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ORA shares. Oppenheimer boosted their target price on Ormat Technologies from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Roth Mkm restated a "buy" rating and set a $92.00 target price (up previously from $87.00) on shares of Ormat Technologies in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $84.50.

Ormat Technologies Profile

Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, and internationally. It operates in three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity.