Gilman Hill Asset Management LLC Acquires 159,374 Shares of ORIX Co. (NYSE:IX)

Gilman Hill Asset Management LLC boosted its holdings in ORIX Co. (NYSE:IX - Free Report) by 435.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 195,964 shares of the real estate investment trust's stock after buying 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 quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Naples Global Advisors LLC lifted its holdings in shares of ORIX by 411.2% during the 1st quarter. Naples Global Advisors LLC now owns 91,601 shares of the real estate investment trust's stock valued at $1,934,000 after buying an additional 73,681 shares during the period. Rhumbline Advisers increased its position in ORIX by 305.7% during the first quarter. Rhumbline Advisers now owns 43,196 shares of the real estate investment trust's stock valued at $902,000 after acquiring an additional 32,548 shares during the last quarter. BTC Capital Management Inc. lifted its holdings in ORIX by 486.6% in the first quarter. BTC Capital Management Inc. now owns 97,618 shares of the real estate investment trust's stock valued at $2,039,000 after acquiring an additional 80,977 shares during the period. Parallel Advisors LLC boosted its position 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 purchasing an additional 7,388 shares during the last quarter. Finally, Summit Global Investments grew its stake in shares of ORIX by 63.5% during the 1st quarter. Summit Global Investments now owns 16,423 shares of the real estate investment trust's stock valued at $343,000 after purchasing an additional 6,377 shares during the period. Institutional investors own 1.73% of the company's stock.

ORIX Stock Performance

Shares of ORIX stock traded up $0.18 on Friday, hitting $21.39. 81,435 shares of the company's stock were exchanged, compared to its average volume of 166,995. ORIX Co. has a 1 year low of $17.75 and a 1 year high of $25.17. The company has a 50-day simple moving average of $20.10 and a 200-day simple moving average of $20.85. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.73 and a current ratio of 1.77. The stock has a market capitalization of $24.38 billion, a PE ratio of 1.86, a PEG ratio of 0.97 and a beta of 0.86.

ORIX (NYSE:IX - Get Free Report) last announced its 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). ORIX had a return on equity of 9.73% and a net margin of 13.66%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $5.17 billion. As a group, equities analysts anticipate that ORIX Co. will post 11.31 EPS for the current year.

Wall Street Analysts Forecast Growth

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

About ORIX

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.