Orchard Funding Group (LON:ORCH) Announces Quarterly Earnings Results

Orchard Funding Group (LON:ORCH) posted its earnings results on Monday. The company reported GBX 7.15 ($0.09) earnings per share for the quarter, Digital Look Earnings reports. Orchard Funding Group had a return on equity of 8.62% and a net margin of 23.07%.

Orchard Funding Group Stock Performance

ORCH stock traded down GBX 2 ($0.03) during midday trading on Wednesday, hitting GBX 38 ($0.49). 189,754 shares of the company traded hands, compared to its average volume of 27,369. Orchard Funding Group has a twelve month low of GBX 16 ($0.21) and a twelve month high of GBX 44 ($0.57). The business has a 50 day simple moving average of GBX 28.97 and a 200-day simple moving average of GBX 27.36. The company has a quick ratio of 1.86, a current ratio of 1.50 and a debt-to-equity ratio of 212.80. The stock has a market capitalization of £8.11 million, a price-to-earnings ratio of 542.86 and a beta of -0.13.

Orchard Funding Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 12th will be given a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a yield of 7.02%. This is a boost from Orchard Funding Group’s previous dividend of $1.00. Orchard Funding Group’s dividend payout ratio is presently 4,285.71%.

Orchard Funding Group Company Profile

Orchard Funding Group plc, through its subsidiaries, provides insurance premium finance, professional fee funding, finance, and secured property lending services in the United Kingdom. It operates in two segments, Standard Lending and Toyota Products. The company offers credit to businesses and consumers for spreading the cost of their insurance premiums; and professional customized fee funding solutions to accounting firms, professionals, and small businesses to provide extended credit to their business clients.