Anson Funds Management LP Invests $1.66 Million in OR Royalties Inc. $OR

Key Points

• Anson Funds Management LP invested approximately $1.66 million in OR Royalties Inc., acquiring 78,500 shares in the first quarter.
• Institutional investors own 68.52% of OR Royalties Inc.'s stock, with significant purchases from firms like Bessemer Group and Deutsche Bank AG.
• OR Royalties reported a quarterly earnings miss with an EPS of $0.13, below the expected $0.17, and will pay a quarterly dividend of $0.055 on October 15th.

Anson Funds Management LP bought a new position in OR Royalties Inc. (NYSE:OR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 78,500 shares of the basic materials company's stock, valued at approximately $1,657,000.

A number of other institutional investors and hedge funds have also bought and sold shares of OR. Versor Investments LP purchased a new position in shares of OR Royalties in the first quarter worth $840,000. Bessemer Group Inc. increased its holdings in OR Royalties by 155.1% in the 1st quarter. Bessemer Group Inc. now owns 55,100 shares of the basic materials company's stock valued at $1,164,000 after acquiring an additional 33,500 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in OR Royalties by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 174,975 shares of the basic materials company's stock worth $3,693,000 after purchasing an additional 16,396 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of OR Royalties by 629.2% during the 4th quarter. Deutsche Bank AG now owns 79,581 shares of the basic materials company's stock valued at $1,440,000 after purchasing an additional 68,668 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of OR Royalties by 78.3% during the fourth quarter. Two Sigma Investments LP now owns 67,407 shares of the basic materials company's stock valued at $1,220,000 after purchasing an additional 29,606 shares in the last quarter. 68.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on OR shares. Scotiabank boosted their target price on OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a research report on Monday, July 7th. National Bankshares reaffirmed an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. CIBC reissued an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th. Finally, Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.33.

OR Royalties Stock Performance

NYSE:OR opened at $35.56 on Thursday. The stock's fifty day moving average is $29.70 and its 200 day moving average is $25.17. OR Royalties Inc. has a fifty-two week low of $16.90 and a fifty-two week high of $35.62. The firm has a market capitalization of $6.69 billion, a PE ratio of 96.11 and a beta of 0.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.73 and a current ratio of 4.73.

OR Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). OR Royalties had a return on equity of 8.56% and a net margin of 35.25%.The firm had revenue of $60.36 million for the quarter, compared to analysts' expectations of $83.25 million. On average, sell-side analysts anticipate that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 30th. OR Royalties's dividend payout ratio is 51.35%.

OR Royalties Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.

Want to see what other hedge funds are holding OR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OR Royalties Inc. (NYSE:OR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.