Gilman Hill Asset Management LLC Acquires 2,775 Shares of ORIX Co. (NYSE:IX)

Gilman Hill Asset Management LLC raised its holdings in shares of ORIX Co. (NYSE:IX) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,590 shares of the real estate investment trust’s stock after buying an additional 2,775 shares during the period. Gilman Hill Asset Management LLC’s holdings in ORIX were worth $3,887,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of ORIX during the 3rd quarter valued at about $80,000. Whittier Trust Co. of Nevada Inc. raised its holdings in ORIX by 26.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,438 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 305 shares during the period. GAMMA Investing LLC lifted its position in shares of ORIX by 44.6% in the third quarter. GAMMA Investing LLC now owns 1,533 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 473 shares in the last quarter. Truist Financial Corp boosted its stake in shares of ORIX by 4.7% in the second quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock worth $213,000 after acquiring an additional 86 shares during the period. Finally, PDS Planning Inc grew its position in shares of ORIX by 7.0% during the third quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 146 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Insiders Place Their Bets

In other news, major shareholder Corp Orix sold 3,700,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the sale, the insider now directly owns 2,976,077 shares in the company, valued at approximately $224,336,684.26. This represents a 55.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company’s stock.

ORIX Trading Up 0.9 %

Shares of ORIX stock opened at $103.65 on Monday. The business has a 50-day moving average price of $107.76 and a 200-day moving average price of $112.65. ORIX Co. has a twelve month low of $90.57 and a twelve month high of $125.84. The firm has a market cap of $24.07 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 0.97 and a beta of 0.92. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38.

ORIX Profile

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.