Sivia Capital Partners LLC Invests $247,000 in Orix Corp Ads $IX

Key Points

• Sivia Capital Partners LLC invested $247,000 in Orix Corp Ads during Q2 2023 by acquiring 10,970 shares of the real estate investment trust's stock.
• Orix Corp Ads reported earnings of $0.65 per share for the latest quarter, exceeding analysts' expectations of $0.54.
• The company's stock has experienced significant interest from institutional investors, with total hedge fund ownership at 1.73% as of the latest filings.

Sivia Capital Partners LLC bought a new position in Orix Corp Ads (NYSE:IX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,970 shares of the real estate investment trust's stock, valued at approximately $247,000.

Several other institutional investors also recently bought and sold shares of IX. Bruce G. Allen Investments LLC grew its position in Orix Corp Ads by 388.5% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 1,010 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Orix Corp Ads by 132,800.0% during the first quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 1,328 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Orix Corp Ads by 234.7% during 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 buying an additional 1,096 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Orix Corp Ads during the first quarter valued at approximately $34,000. Finally, Brentview Investment Management LLC purchased a new stake in Orix Corp Ads during the 1st quarter valued at $37,000. 1.73% of the stock is owned by hedge funds and other institutional investors.

Orix Corp Ads Stock Performance

IX stock opened at $27.07 on Friday. The company has a market cap of $30.85 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 1.01 and a beta of 0.89. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $27.21. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.76 and a quick ratio of 1.72. The stock's fifty day moving average price is $24.91 and its 200-day moving average price is $22.25.

Orix Corp Ads (NYSE:IX - Get Free Report) last announced its earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.11. The business had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $4.96 billion. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%. On average, equities analysts forecast that Orix Corp Ads will post 11.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Orix Corp Ads from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 22nd.

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.

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