Trexquant Investment LP Invests $248,000 in OR Royalties Inc. $OR

Key Points

• Trexquant Investment LP invested $248,000 in OR Royalties Inc. during the 1st quarter, purchasing 11,737 shares.
• Institutional investors own 68.52% of OR Royalties, with several firms increasing their stakes significantly in the last quarter.
• OR Royalties reported earnings of $0.13 per share, missing the consensus estimate, and recently announced a quarterly dividend of $0.055 per share.

Trexquant Investment LP bought a new stake in OR Royalties Inc. (NYSE:OR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,737 shares of the basic materials company's stock, valued at approximately $248,000.

A number of other large investors have also recently made changes to their positions in OR. OMERS ADMINISTRATION Corp acquired a new position in shares of OR Royalties in the 1st quarter valued at $737,000. Keeley Teton Advisors LLC lifted its position in OR Royalties by 20.8% during the first quarter. Keeley Teton Advisors LLC now owns 262,552 shares of the basic materials company's stock valued at $5,545,000 after purchasing an additional 45,242 shares during the period. Anson Funds Management LP purchased a new stake in OR Royalties in the first quarter valued at $1,657,000. Campbell & CO Investment Adviser LLC acquired a new stake in OR Royalties during the 1st quarter worth about $2,684,000. Finally, Jump Financial LLC purchased a new position in shares of OR Royalties during the 1st quarter valued at about $3,010,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

OR Royalties Price Performance

NYSE OR traded up $0.07 during mid-day trading on Friday, hitting $35.96. The stock had a trading volume of 1,131,348 shares, compared to its average volume of 789,308. The firm's 50 day moving average is $30.09 and its 200 day moving average is $25.41. OR Royalties Inc. has a twelve month low of $17.55 and a twelve month high of $36.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.73 and a quick ratio of 4.73. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 97.19 and a beta of 0.72.

OR Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The business had revenue of $60.36 million for the quarter, compared to analyst estimates of $83.25 million. OR Royalties had a return on equity of 8.56% and a net margin of 35.25%. Equities research analysts forecast that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, September 30th. OR Royalties's payout ratio is presently 51.35%.

Analyst Ratings Changes

OR has been the topic of a number of recent research reports. Raymond James Financial upped their target price on OR Royalties from $34.00 to $36.00 and gave the stock an "outperform" rating in a research note on Friday. Scotiabank upped their price objective on OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a research report on Monday, July 7th. National Bankshares reaffirmed an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Finally, CIBC reaffirmed an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, OR Royalties has an average rating of "Moderate Buy" and a consensus price target of $27.25.

OR Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.