Todays Report: The 320 Shares of Oritani Financial Corp. (ORIT) are sold by Capstone Asset Management Co.

The 320 Shares of Oritani Financial Corp. (ORIT) are sold by Capstone Asset Management Co.

Capstone Asset Management Co. decreased its position in shares of Oritani Financial Corp. (NASDAQ:ORIT) by 2.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 11,050 shares of the company’s stock after selling 320 shares during the period. Capstone Asset Management Co.’s holdings in Oritani Financial Corp. were worth $174,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aperio Group LLC boosted its position in Oritani Financial Corp. by 12.6% in the first quarter. Aperio Group LLC now owns 41,146 shares of the company’s stock worth $698,000 after buying an additional 4,596 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in Oritani Financial Corp. by 0.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 52,646 shares of the company’s stock worth $893,000 after buying an additional 325 shares during the period. Teachers Advisors Inc. boosted its position in Oritani Financial Corp. by 1.5% in the first quarter. Teachers Advisors Inc. now owns 573,504 shares of the company’s stock worth $9,732,000 after buying an additional 8,299 shares during the period. BlackRock Group LTD boosted its position in Oritani Financial Corp. by 7.3% in the first quarter. BlackRock Group LTD now owns 56,049 shares of the company’s stock worth $952,000 after buying an additional 3,813 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Oritani Financial Corp. by 6.2% in the first quarter. JPMorgan Chase & Co. now owns 340,418 shares of the company’s stock worth $5,777,000 after buying an additional 20,018 shares during the period. Institutional investors and hedge funds own 62.83% of the company’s stock.

Oritani Financial Corp. (NASDAQ:ORIT) opened at 15.46 on Friday. The company has a market cap of $662.74 million, a PE ratio of 12.78 and a beta of 0.35. Oritani Financial Corp. has a 52-week low of $14.95 and a 52-week high of $17.63. The firm’s 50-day moving average is $15.81 and its 200-day moving average is $16.32.

Oritani Financial Corp. (NASDAQ:ORIT) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Oritani Financial Corp. had a net margin of 28.23% and a return on equity of 9.58%. On average, equities research analysts anticipate that Oritani Financial Corp. will post $0.95 EPS for the current year.

In related news, EVP Thomas Guinan sold 9,000 shares of Oritani Financial Corp. stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $16.07, for a total value of $144,630.00. Following the sale, the executive vice president now owns 112,602 shares of the company’s stock, valued at approximately $1,809,514.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Philip Wyks sold 2,000 shares of Oritani Financial Corp. stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $15.80, for a total transaction of $31,600.00. Following the completion of the sale, the senior vice president now directly owns 16,698 shares in the company, valued at approximately $263,828.40. The disclosure for this sale can be found here. 16.17% of the stock is currently owned by corporate insiders.

About Oritani Financial Corp.

Oritani Financial Corp. is a holding company for Oritani Bank (the Bank). The Bank offers a range of retail and commercial loan and deposit products. The Bank operates in the New Jersey Counties of Bergen, Hudson, Essex and Passaic. The Bank’s loan portfolio includes residential loans, residential commercial real estate loans, credit or grocery retail commercial real estate loans, other commercial real estate loans, and construction and land loans.

Related posts

Leave a Comment