ORIX Co. (NYSE:IX) Stake Boosted by DGS Capital Management LLC

DGS Capital Management LLC lifted its holdings in shares of ORIX Co. (NYSE:IX) by 8.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,181 shares of the real estate investment trust’s stock after buying an additional 503 shares during the period. DGS Capital Management LLC’s holdings in ORIX were worth $681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in IX. BKM Wealth Management LLC bought a new position in ORIX during the 4th quarter valued at $25,000. Bruce G. Allen Investments LLC bought a new stake in shares of ORIX during the 4th quarter worth $29,000. Tower Research Capital LLC TRC boosted its stake in shares of ORIX by 94.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 410 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 199 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of ORIX by 107.8% during the 4th quarter. Blue Trust Inc. now owns 613 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 318 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of ORIX during the 4th quarter worth $63,000. 1.73% of the stock is currently owned by institutional investors and hedge funds.

ORIX Price Performance

IX opened at $109.77 on Friday. The stock has a fifty day moving average of $106.98 and a 200-day moving average of $102.81. The firm has a market capitalization of $25.49 billion, a P/E ratio of 10.69 and a beta of 0.90. ORIX Co. has a 12-month low of $86.05 and a 12-month high of $113.43. The company has a quick ratio of 1.75, a current ratio of 1.79 and a debt-to-equity ratio of 1.40.

ORIX (NYSE:IX) last released its earnings results on Wednesday, May 8th. The real estate investment trust reported $3.71 earnings per share (EPS) for the quarter. ORIX had a return on equity of 8.88% and a net margin of 12.25%. The company had revenue of $5.19 billion during the quarter. Equities analysts forecast that ORIX Co. will post 10.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised ORIX from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th.

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.