Eagle Global Advisors LLC Has $8.30 Million Stock Holdings in Orix Corp Ads (NYSE:IX)

Eagle Global Advisors LLC grew its holdings in Orix Corp Ads (NYSE:IX) by 392.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 397,500 shares of the real estate investment trust’s stock after buying an additional 316,796 shares during the quarter. Eagle Global Advisors LLC’s holdings in Orix Corp Ads were worth $8,304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bruce G. Allen Investments LLC increased its stake in shares of Orix Corp Ads by 388.5% in the first quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,010 shares in the last quarter. Aquatic Capital Management LLC increased its stake in shares of Orix Corp Ads by 1,310.0% in the fourth quarter. Aquatic Capital Management LLC now owns 1,410 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 1,310 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Orix Corp Ads by 234.7% in 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 in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Orix Corp Ads in the first quarter valued at $34,000. Finally, Brentview Investment Management LLC acquired a new stake in shares of Orix Corp Ads in the first quarter valued at $37,000. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Orix Corp Ads Price Performance

Shares of IX stock opened at $25.24 on Monday. The stock has a 50-day moving average price of $22.34 and a 200 day moving average price of $21.14. The company has a quick ratio of 1.72, a current ratio of 1.76 and a debt-to-equity ratio of 1.36. The firm has a market cap of $28.76 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 0.95 and a beta of 0.92. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $25.33.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.11. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.96 billion. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%. Research analysts expect that Orix Corp Ads will post 11.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Orix Corp Ads from a “hold” rating to a “strong-buy” rating in a research note on Saturday.

Orix Corp Ads Company 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.