ORIX (NYSE:IX) Experiences Strong Trading Activity - What Lies Ahead?

On Friday, ORIX Co. (NYSE:IX - Get Free Report) saw significant trading volume. Around 556,541 shares were exchanged during mid-day trading, which is a remarkable increase of 192% compared to the previous session's volume of 190,529 shares. The stock is currently trading at $21.21, slightly up from its previous close of $20.91.

Analysts Suggest New Price Targets

In a recent report, StockNews.com upgraded ORIX from a "hold" to a "buy" rating, reflecting a more positive outlook on the company's performance.

Overview of ORIX's Price Performance

Currently, ORIX maintains a current ratio of 1.77, a quick ratio of 1.73, and a debt-to-equity ratio of 1.38. The company's 50-day moving average price stands at $20.86, while its 200-day moving average price is $22.04. With a market capitalization of $25.54 billion, ORIX has a price-to-earnings ratio of 1.83 and a PEG ratio of 0.97, alongside a beta of 0.92. In its recent earnings report from February 10th, ORIX reported earnings of $0.51 per share for the quarter, surpassing the consensus estimate of $0.50 by 1 cent. The company recorded a net margin of 13.66% and return on equity of 9.73%. Analysts predict ORIX will achieve earnings of 11.31 per share for the current fiscal year.

Insiders' Transactions

In related news, a major shareholder, Corp Orix, sold 18,500,000 shares of ORIX on December 13th at an average price of $15.08, totaling approximately $278,906,000. Following this sale, the insider now holds 14,880,385 shares valued at approximately $224,336,684. This exit represents a 55.42% decrease in their stake. The transaction was disclosed in a filing with the SEC, which is available for public access. Presently, corporate insiders own only 0.08% of the company's stock.

Hedge Fund Activity Involving ORIX

Recently, several large investors have adjusted their positions in ORIX. During the third quarter, Wilmington Savings Fund Society FSB acquired a new position valued at about $80,000. In the fourth quarter, SG Americas Securities LLC and Smartleaf Asset Management LLC bought new positions worth $123,000 and $136,000, respectively. Smartleaf Asset Management notably increased its stake by 282.6%, now owning 1,274 shares after acquiring an additional 941 shares. Aquatic Capital Management LLC also saw a substantial acquisition in the fourth quarter, raising its stake by 1,310.0%, thus owning 1,410 shares valued at $150,000 after purchasing more. Gitterman Wealth Management LLC increased its holdings by 9.2%, now owning 1,927 shares worth $205,000. Overall, institutional investors currently hold 1.73% of ORIX's stock.

Company Overview

ORIX Corporation provides a range of financial services across multiple regions including Japan, the United States, Asia, Europe, Australasia, and the Middle East. Its Corporate Financial Services and Maintenance Leasing segments focus on financing and leasing various assets such as automobiles and ICT-related equipment while also offering life insurance and environmental services.

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