ORIX Co. (NYSE:IX) Shares Acquired by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC grew its holdings in ORIX Co. (NYSE:IX - Free Report) by 435.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 195,964 shares of the real estate investment trust's stock after purchasing an additional 159,374 shares during the quarter. Gilman Hill Asset Management LLC's holdings in ORIX were worth $4,094,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of ORIX in the fourth quarter valued at approximately $123,000. Smartleaf Asset Management LLC lifted its stake in ORIX by 282.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust's stock worth $136,000 after acquiring an additional 941 shares during the last quarter. Aquatic Capital Management LLC lifted its stake in ORIX by 1,310.0% in the fourth quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust's stock worth $150,000 after acquiring an additional 1,310 shares during the last quarter. Parallel Advisors LLC lifted its stake in ORIX by 400.0% in the first quarter. Parallel Advisors LLC now owns 9,235 shares of the real estate investment trust's stock worth $193,000 after acquiring an additional 7,388 shares during the last quarter. Finally, Gitterman Wealth Management LLC lifted its stake in ORIX by 9.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust's stock worth $205,000 after acquiring an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 1.73% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of ORIX from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

ORIX Stock Up 0.9%

ORIX stock traded up $0.18 during trading on Friday, reaching $21.39. The stock had a trading volume of 81,435 shares, compared to its average volume of 167,866. ORIX Co. has a 52-week low of $17.75 and a 52-week high of $25.17. The business has a 50 day moving average price of $20.11 and a 200 day moving average price of $20.84. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 1.38. The stock has a market cap of $24.38 billion, a PE ratio of 1.86, a P/E/G ratio of 0.97 and a beta of 0.86.

ORIX (NYSE:IX - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.20). The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $5.17 billion. ORIX had a return on equity of 9.73% and a net margin of 13.66%. On average, analysts predict that ORIX Co. will post 11.31 EPS for the current year.

ORIX 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.