Naples Global Advisors LLC Grows Position in ORIX Co. (NYSE:IX)

Naples Global Advisors LLC boosted its stake in shares of ORIX Co. (NYSE:IX - Free Report) by 411.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,601 shares of the real estate investment trust's stock after purchasing an additional 73,681 shares during the period. Naples Global Advisors LLC's holdings in ORIX were worth $1,934,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Gitterman Wealth Management LLC boosted its stake in ORIX by 9.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust's stock worth $205,000 after buying an additional 162 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in shares of ORIX by 9.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,225 shares of the real estate investment trust's stock valued at $236,000 after buying an additional 197 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of ORIX by 3.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,908 shares of the real estate investment trust's stock worth $734,000 after purchasing an additional 211 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in ORIX by 6.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,536 shares of the real estate investment trust's stock worth $482,000 after purchasing an additional 273 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of ORIX by 0.7% during the fourth quarter. Natixis Advisors LLC now owns 39,824 shares of the real estate investment trust's stock worth $4,231,000 after purchasing an additional 294 shares during the period. Hedge funds and other institutional investors own 1.73% of the company's stock.

Analyst Upgrades and Downgrades

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

ORIX Trading Up 0.5%

Shares of IX traded up $0.10 during midday trading on Monday, hitting $21.51. 609,740 shares of the stock were exchanged, compared to its average volume of 170,124. 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 firm has a market cap of $24.51 billion, a P/E ratio of 1.87, a P/E/G ratio of 0.97 and a beta of 0.86. ORIX Co. has a 52-week low of $17.75 and a 52-week high of $25.17. The stock has a fifty day simple moving average of $20.11 and a 200 day simple moving average of $20.84.

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 (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.20). The business 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, research analysts anticipate that ORIX Co. will post 11.31 EPS for the current fiscal year.

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.