Louisbourg Investments Inc. Reduces Position in OR Royalties Inc. $OR

Key Points

• Louisbourg Investments cut its stake in OR Royalties by 25.1% in Q4, selling 73,600 shares and now holding 219,271 shares worth about $7.78M, making OR its 21st-largest position (≈1.4% of the fund).
• Institutional investors own 68.52% of OR, and several funds adjusted positions in Q4 — notable activity includes Euro Pacific increasing to 1,028,079 shares, CWA Asset Management adding 27,171 shares, and new stakes from New England Professional Planning and Swiss Life.
• OR Royalties reported Q4 EPS of $0.32 (beat by $0.01), has a $7.56B market cap and a 52-week range of $18.99–$48.06, will pay a quarterly dividend of $0.055 (annualized $0.22, 0.5% yield), and carries a consensus analyst rating of "Moderate Buy" with a $38.25 average price target.

Louisbourg Investments Inc. lowered its position in OR Royalties Inc. (NYSE:OR - Free Report) by 25.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,271 shares of the basic materials company's stock after selling 73,600 shares during the quarter. OR Royalties makes up approximately 1.4% of Louisbourg Investments Inc.'s portfolio, making the stock its 21st biggest position. Louisbourg Investments Inc. owned approximately 0.12% of OR Royalties worth $7,778,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Linden Thomas Advisory Services LLC increased its holdings in shares of OR Royalties by 4.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,254 shares of the basic materials company's stock valued at $221,000 after acquiring an additional 249 shares during the period. Euro Pacific Asset Management LLC raised its position in OR Royalties by 0.7% in the 4th quarter. Euro Pacific Asset Management LLC now owns 1,028,079 shares of the basic materials company's stock valued at $36,088,000 after purchasing an additional 7,579 shares during the last quarter. New England Professional Planning Group Inc. acquired a new stake in OR Royalties during the 4th quarter worth $229,000. CWA Asset Management Group LLC grew its position in OR Royalties by 7.1% during the 4th quarter. CWA Asset Management Group LLC now owns 408,918 shares of the basic materials company's stock worth $14,472,000 after purchasing an additional 27,171 shares during the last quarter. Finally, Swiss Life Asset Management Ltd purchased a new position in OR Royalties during the 3rd quarter worth $355,000. 68.52% of the stock is owned by institutional investors and hedge funds.

OR Royalties Stock Performance

OR stock opened at $40.27 on Friday. The stock has a market capitalization of $7.56 billion, a PE ratio of 36.95 and a beta of 0.83. The company has a fifty day moving average of $41.39 and a 200-day moving average of $37.95. OR Royalties Inc. has a one year low of $18.99 and a one year high of $48.06.

OR Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The business had revenue of $90.47 million for the quarter, compared to analyst estimates of $90.80 million. OR Royalties had a net margin of 74.30% and a return on equity of 12.73%. Equities analysts forecast that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.055 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.22 annualized dividend and a yield of 0.5%. OR Royalties's payout ratio is presently 20.18%.

Analyst Ratings Changes

OR has been the subject of a number of research reports. TD Securities reaffirmed a "hold" rating on shares of OR Royalties in a report on Monday, February 23rd. Zacks Research cut OR Royalties from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of OR Royalties in a research note on Monday, December 29th. Jefferies Financial Group reaffirmed a "hold" rating and set a $38.00 price objective on shares of OR Royalties in a research report on Sunday, December 7th. Finally, Wall Street Zen upgraded OR Royalties from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.25.

About OR Royalties

OR Royalties PLC NYSE: OR is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.

The company's core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.

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