Paradigm Asset Management Co. LLC Sells 5,900 Shares of ORIX Co. (NYSE:IX)

Paradigm Asset Management Co. LLC cut its holdings in ORIX Co. (NYSE:IX) by 28.9% during the 4th quarter, Holdings Channel reports. The fund owned 14,500 shares of the real estate investment trust’s stock after selling 5,900 shares during the period. Paradigm Asset Management Co. LLC’s holdings in ORIX were worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in IX. ABC Arbitrage SA purchased a new stake in shares of ORIX in the fourth quarter worth $865,000. Allspring Global Investments Holdings LLC raised its position in shares of ORIX by 133.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 41,283 shares of the real estate investment trust’s stock valued at $4,376,000 after purchasing an additional 23,595 shares during the period. Caprock Group LLC raised its position in shares of ORIX by 3.5% during the 4th quarter. Caprock Group LLC now owns 4,419 shares of the real estate investment trust’s stock valued at $469,000 after purchasing an additional 148 shares during the period. BTC Capital Management Inc. raised its position in shares of ORIX by 12.1% during the 4th quarter. BTC Capital Management Inc. now owns 16,641 shares of the real estate investment trust’s stock valued at $1,761,000 after purchasing an additional 1,791 shares during the period. Finally, Mount Yale Investment Advisors LLC raised its position in shares of ORIX by 3.0% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,375 shares of the real estate investment trust’s stock valued at $465,000 after purchasing an additional 129 shares during the period. 1.73% of the stock is currently owned by institutional investors.

ORIX Stock Up 0.2 %

Shares of IX stock opened at $101.60 on Friday. The company has a market capitalization of $24.69 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 0.97 and a beta of 0.92. ORIX Co. has a one year low of $90.57 and a one year high of $125.84. The company’s fifty day moving average price is $105.26 and its 200-day moving average price is $110.94. 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 (NYSE:IX) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.06. ORIX had a net margin of 13.66% and a return on equity of 9.73%. Sell-side analysts expect that ORIX Co. will post 11.31 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of ORIX from a “buy” rating to a “hold” rating in a research report on Friday.

Insider Buying and Selling at ORIX

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction on Friday, December 13th. The shares were sold at an average price of $75.38, for a total value 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. The trade was a 55.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.08% of the stock is currently owned by insiders.

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.