Ritholtz Wealth Management Purchases 65,783 Shares of Orix Corp Ads (NYSE:IX)

Ritholtz Wealth Management boosted its stake in shares of Orix Corp Ads (NYSE:IX - Free Report) by 372.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,424 shares of the real estate investment trust's stock after purchasing an additional 65,783 shares during the period. Ritholtz Wealth Management's holdings in Orix Corp Ads were worth $1,743,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC lifted its position in shares of Orix Corp Ads by 388.5% in the first quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 1,010 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Orix Corp Ads by 282.6% in 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 acquiring an additional 941 shares in the last quarter. Aquatic Capital Management LLC lifted its position in shares of Orix Corp Ads 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 valued at $150,000 after acquiring an additional 1,310 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Orix Corp Ads by 234.7% in the first quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 1,096 shares in the last quarter. Finally, Gitterman Wealth Management LLC lifted its position in shares of Orix Corp Ads by 9.2% in 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 acquiring an additional 162 shares in the last quarter. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Orix Corp Ads Price Performance

Shares of Orix Corp Ads stock traded up $0.11 during trading hours on Thursday, hitting $21.30. The company's stock had a trading volume of 239,270 shares, compared to its average volume of 172,948. The business has a 50 day moving average price of $20.53 and a two-hundred day moving average price of $20.82. Orix Corp Ads has a 12-month low of $17.75 and a 12-month high of $25.17. The company has a market cap of $24.28 billion, a PE ratio of 10.56, a PEG ratio of 0.78 and a beta of 0.85. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.73 and a current ratio of 1.77.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its earnings results 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). Orix Corp Ads had a return on equity of 8.53% and a net margin of 12.24%. The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $5.17 billion. Analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Orix Corp Ads from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th.

About Orix Corp Ads

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.