ORIX Co. (NYSE:IX) Shares Bought by Naples Global Advisors LLC

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in ORIX during the fourth quarter valued at $123,000. Smartleaf Asset Management LLC lifted its holdings in ORIX by 282.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the real estate investment trust's stock valued at $136,000 after purchasing an additional 941 shares in the last quarter. Aquatic Capital Management LLC lifted its holdings in ORIX by 1,310.0% during the fourth quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust's stock valued at $150,000 after purchasing an additional 1,310 shares in the last quarter. Gitterman Wealth Management LLC lifted its holdings 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 valued at $205,000 after purchasing an additional 162 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in ORIX during the fourth quarter valued at $215,000. Institutional investors and hedge funds own 1.73% of the company's stock.

Analyst Upgrades and Downgrades

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

ORIX Stock Performance

IX opened at $21.17 on Friday. The firm has a market capitalization of $24.13 billion, a PE ratio of 1.84, a PEG ratio of 0.97 and a beta of 0.86. ORIX Co. has a twelve month low of $17.75 and a twelve month high of $25.17. The firm's 50-day moving average price is $20.10 and its 200 day moving average price is $20.85. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.38.

ORIX (NYSE:IX - Get Free Report) last posted its quarterly earnings results 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 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%. As a group, sell-side analysts expect 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.

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