Orchard Funding Group (LON:ORCH) Announces Quarterly Earnings Results

Orchard Funding Group (LON:ORCH) announced its quarterly earnings data on Monday. The company reported GBX 7.15 ($0.09) EPS for the quarter, Digital Look Earnings reports. Orchard Funding Group had a return on equity of 8.62% and a net margin of 23.07%.

Orchard Funding Group Price Performance

LON ORCH opened at GBX 40 ($0.52) on Wednesday. The stock has a market cap of £8.54 million, a price-to-earnings ratio of 571.43 and a beta of -0.13. The company has a debt-to-equity ratio of 212.80, a quick ratio of 1.86 and a current ratio of 1.50. Orchard Funding Group has a 52-week low of GBX 16 ($0.21) and a 52-week high of GBX 44 ($0.57). The business has a 50 day simple moving average of GBX 28.97 and a 200 day simple moving average of GBX 27.36.

Orchard Funding Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th will be given a dividend of GBX 2 ($0.03) per share. The ex-dividend date is Thursday, June 12th. This represents a dividend yield of 7.02%. This is a positive change from Orchard Funding Group’s previous dividend of $1.00. Orchard Funding Group’s dividend payout ratio (DPR) is currently 4,285.71%.

About Orchard Funding Group

Orchard Funding Group plc, through its subsidiaries, provides insurance premium finance, professional fee funding, finance, and secured property lending services in the United Kingdom. It operates in two segments, Standard Lending and Toyota Products. The company offers credit to businesses and consumers for spreading the cost of their insurance premiums; and professional customized fee funding solutions to accounting firms, professionals, and small businesses to provide extended credit to their business clients.