Wambolt & Associates LLC Has $2.20 Million Stock Holdings in ORIX Co. (NYSE:IX)

Wambolt & Associates LLC cut its stake in ORIX Co. (NYSE:IX) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,742 shares of the real estate investment trust’s stock after selling 818 shares during the quarter. Wambolt & Associates LLC’s holdings in ORIX were worth $2,203,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IX. Wilmington Savings Fund Society FSB acquired a new stake in ORIX during the third quarter worth approximately $80,000. SG Americas Securities LLC bought a new position in shares of ORIX in the fourth quarter worth $123,000. Smartleaf Asset Management LLC raised its stake in ORIX by 282.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 941 shares in the last quarter. Gitterman Wealth Management LLC lifted its position in ORIX by 9.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 162 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in ORIX during the fourth quarter worth about $215,000. Institutional investors and hedge funds own 1.73% of the company’s stock.

ORIX Stock Up 0.1 %

Shares of IX opened at $21.69 on Tuesday. The firm has a 50 day simple moving average of $20.93 and a two-hundred day simple moving average of $21.74. The company has a market cap of $24.72 billion, a P/E ratio of 1.89, a P/E/G ratio of 0.97 and a beta of 0.94. ORIX Co. has a one year low of $18.11 and a one year high of $25.17. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.77 and a quick ratio of 1.73.

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

Wall Street Analyst Weigh In

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

ORIX 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.