Callan Family Office LLC Purchases 37,400 Shares of Orix Corp Ads $IX

Key Points

• Callan Family Office LLC increased its stake in Orix Corp Ads by 129.5%, acquiring an additional 37,400 shares in the second quarter, bringing its total holdings to 66,285 shares valued at approximately $1.49 million.
• Orix Corp Ads reported a quarterly earnings per share (EPS) of $0.65, surpassing expectations, alongside revenue of $5.21 billion, which also exceeded analyst estimates.
• Despite a positive earnings report, brokerages have generally maintained a cautious stance, with Orix receiving an average rating of "Hold" from analysts.

Callan Family Office LLC boosted its position in shares of Orix Corp Ads (NYSE:IX - Free Report) by 129.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,285 shares of the real estate investment trust's stock after purchasing an additional 37,400 shares during the quarter. Callan Family Office LLC's holdings in Orix Corp Ads were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in Orix Corp Ads by 22.6% during the 2nd quarter. US Bancorp DE now owns 54,052 shares of the real estate investment trust's stock worth $1,217,000 after purchasing an additional 9,979 shares during the last quarter. Optas LLC bought a new stake in Orix Corp Ads during the 2nd quarter worth about $236,000. Venturi Wealth Management LLC bought a new stake in Orix Corp Ads during the 2nd quarter worth about $217,000. QRG Capital Management Inc. raised its holdings in Orix Corp Ads by 1.3% during the 2nd quarter. QRG Capital Management Inc. now owns 250,177 shares of the real estate investment trust's stock worth $5,634,000 after purchasing an additional 3,092 shares during the last quarter. Finally, Naples Global Advisors LLC raised its holdings in Orix Corp Ads by 0.8% during the 2nd quarter. Naples Global Advisors LLC now owns 92,365 shares of the real estate investment trust's stock worth $2,080,000 after purchasing an additional 764 shares during the last quarter. 1.73% of the stock is owned by institutional investors.

Orix Corp Ads Price Performance

Shares of IX opened at $24.41 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.72 and a current ratio of 1.76. The stock has a 50 day simple moving average of $25.91 and a 200 day simple moving average of $22.74. Orix Corp Ads has a 52-week low of $17.75 and a 52-week high of $27.21. The firm has a market capitalization of $27.82 billion, a PE ratio of 11.17, a P/E/G ratio of 0.92 and a beta of 0.90.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.11. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%.The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.96 billion. Sell-side analysts predict that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IX. Wall Street Zen cut Orix Corp Ads from a "strong-buy" rating to a "buy" rating in a report on Friday, August 22nd. Weiss Ratings restated a "hold (c)" rating on shares of Orix Corp Ads in a research report on Wednesday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Orix Corp Ads presently has an average rating of "Hold".

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.

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