ORIX (NYSE:IX) Shares Gap Down – Should You Sell?

ORIX Co. (NYSE:IX)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $105.84, but opened at $100.25. ORIX shares last traded at $100.15, with a volume of 7,144 shares traded.

Analyst Upgrades and Downgrades

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

ORIX Stock Down 5.1 %

The stock has a market capitalization of $24.42 billion, a PE ratio of 8.66, a PEG ratio of 1.08 and a beta of 0.92. The company has a 50 day moving average price of $106.53 and a 200-day moving average price of $111.43. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.40 and a quick ratio of 1.37.

ORIX (NYSE:IX) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.06. ORIX had a return on equity of 10.01% and a net margin of 14.08%. As a group, analysts forecast that ORIX Co. will post 10.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Corp Orix sold 3,700,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the transaction, the insider now directly owns 2,976,077 shares of the company’s stock, valued at $224,336,684.26. This represents a 55.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Orion Portfolio Solutions LLC lifted its holdings in ORIX by 38.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 11,353 shares of the real estate investment trust’s stock valued at $1,206,000 after acquiring an additional 3,170 shares during the period. JPMorgan Chase & Co. lifted its holdings in ORIX by 39.2% in the fourth quarter. JPMorgan Chase & Co. now owns 10,233 shares of the real estate investment trust’s stock valued at $1,087,000 after acquiring an additional 2,880 shares during the period. LPL Financial LLC lifted its holdings in ORIX by 48.7% in the fourth quarter. LPL Financial LLC now owns 2,648 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 867 shares during the period. Sei Investments Co. lifted its holdings in ORIX by 1.6% in the fourth quarter. Sei Investments Co. now owns 22,715 shares of the real estate investment trust’s stock valued at $2,413,000 after acquiring an additional 367 shares during the period. Finally, American Century Companies Inc. lifted its holdings in ORIX by 1.3% in the fourth quarter. American Century Companies Inc. now owns 85,114 shares of the real estate investment trust’s stock valued at $9,042,000 after acquiring an additional 1,064 shares during the period. 1.73% of the stock is owned by institutional investors.

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.