Todays Report: Today, Mason Street Advisors LLC Acquires New Stake in Oritani Financial Corp. (ORIT)

Today, Mason Street Advisors LLC Acquires New Stake in Oritani Financial Corp. (ORIT)

Mason Street Advisors LLC purchased a new stake in shares of Oritani Financial Corp. (NASDAQ:ORIT) during the second quarter, Holdings Channel reports. The fund purchased 7,497 shares of the company’s stock, valued at approximately $120,000.

Several other large investors also recently bought and sold shares of ORIT. Creative Planning boosted its stake in Oritani Financial Corp. by 47.7% in the second quarter. Creative Planning now owns 8,657 shares of the company’s stock valued at $138,000 after buying an additional 2,794 shares during the period. Panagora Asset Management Inc. acquired a new stake in Oritani Financial Corp. during the second quarter valued at about $173,000. BlackRock Inc. boosted its stake in Oritani Financial Corp. by 204.2% in the second quarter. BlackRock Inc. now owns 10,886 shares of the company’s stock valued at $174,000 after buying an additional 7,308 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Oritani Financial Corp. by 122.0% in the second quarter. BNP Paribas Arbitrage SA now owns 11,984 shares of the company’s stock valued at $192,000 after buying an additional 6,586 shares during the period. Finally, Raymond James & Associates boosted its stake in Oritani Financial Corp. by 5.0% in the second quarter. Raymond James & Associates now owns 14,480 shares of the company’s stock valued at $232,000 after buying an additional 696 shares during the period. 62.82% of the stock is owned by hedge funds and other institutional investors.

Shares of Oritani Financial Corp. (NASDAQ:ORIT) opened at 15.50 on Tuesday. Oritani Financial Corp. has a 1-year low of $14.95 and a 1-year high of $17.63. The firm has a market cap of $664.45 million, a PE ratio of 12.81 and a beta of 0.35. The firm’s 50-day moving average price is $15.78 and its 200 day moving average price is $16.28.

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

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

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