BTG Pactual Asset Management US LLC Makes New $930,000 Investment in OR Royalties Inc. $OR

BTG Pactual Asset Management US LLC acquired a new stake in OR Royalties Inc. (NYSE:OR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 29,400 shares of the basic materials company’s stock, valued at approximately $930,000.

A number of other hedge funds also recently added to or reduced their stakes in OR. FCA Corp TX raised its position in OR Royalties by 0.8% in the first quarter. FCA Corp TX now owns 39,647 shares of the basic materials company’s stock worth $1,507,000 after acquiring an additional 330 shares in the last quarter. Wells Fargo & Company MN grew its stake in OR Royalties by 6.2% in the 4th quarter. Wells Fargo & Company MN now owns 5,901 shares of the basic materials company’s stock worth $209,000 after acquiring an additional 346 shares during the period. Allworth Financial LP grew its holdings in OR Royalties by 20.0% in the 4th quarter. Allworth Financial LP now owns 2,305 shares of the basic materials company’s stock valued at $82,000 after buying an additional 384 shares during the period. Cetera Investment Advisers increased its position in OR Royalties by 3.5% during the second quarter. Cetera Investment Advisers now owns 13,147 shares of the basic materials company’s stock worth $337,000 after purchasing an additional 440 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of OR Royalties in the 1st quarter worth $28,000. 68.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on OR shares. Scotiabank reduced their price target on OR Royalties from $51.00 to $42.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen cut shares of OR Royalties from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Royal Bank Of Canada reduced their price target on shares of OR Royalties from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Zacks Research cut OR Royalties from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, Jefferies Financial Group dropped their target price on OR Royalties from $40.00 to $34.00 and set a “hold” rating on the stock in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, OR Royalties currently has a consensus rating of “Hold” and an average price target of $40.50.

OR Royalties Stock Performance

OR stock opened at $36.93 on Tuesday. The firm has a 50 day simple moving average of $31.93 and a 200 day simple moving average of $36.40. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.28 and a current ratio of 2.28. OR Royalties Inc. has a 52 week low of $27.54 and a 52 week high of $48.06. The stock has a market cap of $6.88 billion, a P/E ratio of 24.62 and a beta of 0.75.

OR Royalties (NYSE:OR) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%. The company had revenue of $97.82 million during the quarter, compared to the consensus estimate of $97.93 million. Research analysts anticipate that OR Royalties Inc. will post 1.25 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. OR Royalties’s dividend payout ratio is 16.67%.

OR Royalties Profile

OR Royalties PLC (NYSE: OR) is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.

The company’s core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.