Summit Global Investments Makes New $1.07 Million Investment in ORIX Co. (NYSE:IX)

Summit Global Investments purchased a new position in ORIX Co. (NYSE:IX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,046 shares of the real estate investment trust’s stock, valued at approximately $1,067,000.

Other hedge funds have also recently added to or reduced their stakes in the company. ABC Arbitrage SA acquired a new position in ORIX in the fourth quarter worth approximately $865,000. JPMorgan Chase & Co. boosted its stake in ORIX by 198.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,353 shares of the real estate investment trust’s stock worth $853,000 after purchasing an additional 4,893 shares during the period. Cerity Partners LLC boosted its stake in ORIX by 47.0% in the 3rd quarter. Cerity Partners LLC now owns 20,370 shares of the real estate investment trust’s stock worth $2,364,000 after purchasing an additional 6,513 shares during the period. Gilman Hill Asset Management LLC boosted its stake in ORIX by 8.2% in the 4th quarter. Gilman Hill Asset Management LLC now owns 36,590 shares of the real estate investment trust’s stock worth $3,887,000 after purchasing an additional 2,775 shares during the period. Finally, MML Investors Services LLC boosted its stake in ORIX by 12.1% in the 3rd quarter. MML Investors Services LLC now owns 3,298 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 355 shares during the period. Institutional investors and hedge funds own 1.73% of the company’s stock.

ORIX Trading Down 0.0 %

ORIX stock opened at $21.65 on Friday. The company has a 50 day moving average price of $20.90 and a 200 day moving average price of $21.78. ORIX Co. has a 52 week low of $18.11 and a 52 week high of $25.17. 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 firm has a market capitalization of $24.67 billion, a price-to-earnings ratio of 1.88, a P/E/G ratio of 0.97 and a beta of 0.94.

ORIX (NYSE:IX) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. ORIX had a net margin of 13.66% and a return on equity of 9.73%. Research analysts forecast that ORIX Co. will post 11.31 EPS for the current year.

Analyst Ratings Changes

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

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.