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

Orchard Funding Group (LON:ORCH) released its earnings results on Monday. The company reported GBX 7.15 ($0.09) EPS 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

Shares of ORCH stock traded down GBX 2.55 ($0.03) during trading hours on Wednesday, hitting GBX 37.45 ($0.48). The company’s stock had a trading volume of 164,754 shares, compared to its average volume of 26,952. The company has a current ratio of 1.50, a quick ratio of 1.86 and a debt-to-equity ratio of 212.80. The company has a 50 day moving average of GBX 28.97 and a 200 day moving average of GBX 27.36. Orchard Funding Group has a 12-month low of GBX 16 ($0.21) and a 12-month high of GBX 44 ($0.57). The stock has a market cap of £8.00 million, a PE ratio of 535.00 and a beta of -0.13.

Orchard Funding Group Increases Dividend

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

About Orchard Funding Group

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.