Assetmark Inc. Purchases 23,516 Shares of Orix Corp Ads (NYSE:IX)

Key Points

• Assetmark Inc. significantly increased its stake in Orix Corp Ads by 397.6% in Q1, now owning 29,430 shares valued at $615,000.
• Orix Corp Ads reported earnings per share of $0.46 for the last quarter, missing estimates by ($0.20) amid revenues of $4.86 billion, below analyst predictions.
• Shares of Orix Corp Ads were trading at $22.87 with a market cap of $26.06 billion and a PE ratio of 11.33.

Assetmark Inc. boosted its holdings in shares of Orix Corp Ads (NYSE:IX - Free Report) by 397.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,430 shares of the real estate investment trust's stock after buying an additional 23,516 shares during the period. Assetmark Inc.'s holdings in Orix Corp Ads were worth $615,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. raised its holdings in shares of Orix Corp Ads by 3,582.3% in the first quarter. Bessemer Group Inc. now owns 2,283 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 2,221 shares during the last quarter. Yousif Capital Management LLC increased its holdings in Orix Corp Ads by 202.9% during the first quarter. Yousif Capital Management LLC now owns 11,300 shares of the real estate investment trust's stock worth $236,000 after buying an additional 7,570 shares during the last quarter. GAMMA Investing LLC increased its holdings in Orix Corp Ads by 343.2% during the first quarter. GAMMA Investing LLC now owns 5,708 shares of the real estate investment trust's stock worth $119,000 after buying an additional 4,420 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Orix Corp Ads during the fourth quarter worth about $273,000. Finally, Sequoia Financial Advisors LLC increased its holdings in Orix Corp Ads by 352.1% during the first quarter. Sequoia Financial Advisors LLC now owns 20,505 shares of the real estate investment trust's stock worth $428,000 after buying an additional 15,969 shares during the last quarter. Institutional investors and hedge funds own 1.73% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Orix Corp Ads from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.

Orix Corp Ads Stock Performance

NYSE IX traded up $0.32 during trading hours on Friday, reaching $22.87. 167,669 shares of the company were exchanged, compared to its average volume of 196,038. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $25.17. The business's 50 day simple moving average is $22.03 and its 200-day simple moving average is $21.03. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $26.06 billion, a P/E ratio of 11.33, a P/E/G ratio of 0.82 and a beta of 0.92.

Orix Corp Ads (NYSE:IX - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.20). The business had revenue of $4.86 billion for the quarter, compared to analysts' expectations of $5.17 billion. Orix Corp Ads had a net margin of 12.24% and a return on equity of 8.53%. On average, equities research analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current year.

About Orix Corp Ads

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.