Gilman Hill Asset Management LLC Purchases 2,775 Shares of ORIX Co. (NYSE:IX)

Gilman Hill Asset Management LLC boosted its position in shares of ORIX Co. (NYSE:IX) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,590 shares of the real estate investment trust’s stock after purchasing an additional 2,775 shares during the period. Gilman Hill Asset Management LLC’s holdings in ORIX were worth $3,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IX. FMR LLC boosted its position in ORIX by 9.9% in the 3rd quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock valued at $75,164,000 after buying an additional 58,178 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of ORIX in the third quarter valued at approximately $4,256,000. World Investment Advisors LLC bought a new position in ORIX in the third quarter worth approximately $2,600,000. Teachers Retirement System of The State of Kentucky increased its holdings in ORIX by 12.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 197,640 shares of the real estate investment trust’s stock worth $21,997,000 after purchasing an additional 22,000 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in ORIX by 469.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,688 shares of the real estate investment trust’s stock valued at $2,053,000 after purchasing an additional 14,584 shares in the last quarter. 1.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

ORIX Trading Up 0.9 %

NYSE:IX opened at $103.65 on Monday. The firm has a 50-day simple moving average of $107.76 and a 200-day simple moving average of $112.65. ORIX Co. has a one year low of $90.57 and a one year high of $125.84. The firm has a market cap of $24.07 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.97 and a beta of 0.92. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.37 and a current ratio of 1.40.

Insider Activity at ORIX

In related news, major shareholder Corp Orix sold 3,700,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the completion of the sale, the insider now owns 2,976,077 shares of the company’s stock, valued at $224,336,684.26. This represents a 55.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.08% of the stock is currently owned by corporate insiders.

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.