Versant Capital Management Inc Buys 15,628 Shares of ORIX Co. (NYSE:IX)

Versant Capital Management Inc grew its stake in ORIX Co. (NYSE:IX - Free Report) by 9,139.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,799 shares of the real estate investment trust's stock after acquiring an additional 15,628 shares during the quarter. Versant Capital Management Inc's holdings in ORIX were worth $330,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IX. Caprock Group LLC raised its stake in shares of ORIX by 3.5% in the fourth quarter. Caprock Group LLC now owns 4,419 shares of the real estate investment trust's stock worth $469,000 after purchasing an additional 148 shares during the last quarter. Gitterman Wealth Management LLC raised its stake in shares of ORIX by 9.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust's stock worth $205,000 after purchasing an additional 162 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of ORIX by 9.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,225 shares of the real estate investment trust's stock worth $236,000 after purchasing an additional 197 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of ORIX by 3.2% in the fourth 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 during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of ORIX by 6.4% in the fourth 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. 1.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

ORIX Stock Performance

ORIX stock traded down $0.08 during mid-day trading on Wednesday, reaching $21.38. 85,040 shares of the stock traded hands, compared to its average volume of 167,044. The stock has a market capitalization of $24.37 billion, a PE ratio of 1.86, a price-to-earnings-growth ratio of 0.97 and a beta of 0.88. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.77 and a quick ratio of 1.73. ORIX Co. has a 12-month low of $17.75 and a 12-month high of $25.17. The business's 50-day moving average is $20.09 and its 200-day moving average is $20.85.

ORIX (NYSE:IX - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.20). The firm had revenue of $4.86 billion for the quarter, compared to analysts' expectations of $5.17 billion. ORIX had a net margin of 13.66% and a return on equity of 9.73%. As a group, sell-side analysts predict 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.