ORIX Co. (NYSE:IX) Major Shareholder Corp Orix Sells 3,700,000 Shares

ORIX Co. (NYSE:IX) 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 transaction of $278,906,000.00. Following the transaction, the insider now directly owns 2,976,077 shares of the company’s stock, valued at approximately $224,336,684.26. This trade represents a 55.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

ORIX Stock Performance

Shares of NYSE IX opened at $109.35 on Friday. 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 company has a market cap of $25.39 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 1.10 and a beta of 0.92. The company has a 50-day simple moving average of $109.76 and a 200-day simple moving average of $113.41. ORIX Co. has a 12 month low of $90.57 and a 12 month high of $125.84.

Analyst Ratings Changes

Separately, StockNews.com cut ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Addison Advisors LLC acquired a new position in ORIX during the second quarter worth approximately $29,000. Wilmington Savings Fund Society FSB purchased a new position in shares of ORIX in the 3rd quarter worth $80,000. CWM LLC grew its position in ORIX by 10.8% during the second quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 93 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in ORIX by 143.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,133 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 668 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in ORIX by 44.6% during the third quarter. GAMMA Investing LLC now owns 1,533 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 473 shares during the last quarter. Hedge funds and other 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.