OR Royalties Sees Unusually Large Options Volume (NYSE:OR)

OR Royalties Inc. (NYSE:OR) saw some unusual options trading on Tuesday. Stock traders bought 7,046 call options on the stock. This is an increase of 908% compared to the typical daily volume of 699 call options.

Hedge Funds Weigh In On OR Royalties

A number of hedge funds and other institutional investors have recently made changes to their positions in OR. Goldman Sachs Group Inc. raised its stake in OR Royalties by 152.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,256,583 shares of the basic materials company’s stock worth $26,539,000 after buying an additional 758,815 shares during the period. Farther Finance Advisors LLC bought a new position in shares of OR Royalties during the 2nd quarter valued at about $314,000. Synergy Asset Management LLC increased its stake in OR Royalties by 23.5% during the 2nd quarter. Synergy Asset Management LLC now owns 17,617 shares of the basic materials company’s stock worth $453,000 after purchasing an additional 3,347 shares in the last quarter. Louisbourg Investments Inc. lifted its stake in OR Royalties by 24.8% in the second quarter. Louisbourg Investments Inc. now owns 348,831 shares of the basic materials company’s stock valued at $8,949,000 after buying an additional 69,276 shares in the last quarter. Finally, U S Global Investors Inc. increased its position in shares of OR Royalties by 6.3% during the second quarter. U S Global Investors Inc. now owns 574,831 shares of the basic materials company’s stock worth $14,781,000 after acquiring an additional 33,854 shares in the last quarter. 68.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Canaccord Genuity Group upgraded OR Royalties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Scotiabank cut shares of OR Royalties from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $33.00 to $41.00 in a report on Thursday, October 23rd. Jefferies Financial Group restated a “hold” rating and set a $38.00 price objective on shares of OR Royalties in a research note on Sunday, December 7th. Raymond James Financial raised shares of OR Royalties from a “market perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a research note on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of OR Royalties in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, OR Royalties currently has an average rating of “Moderate Buy” and an average target price of $35.75.

OR Royalties Trading Up 1.7%

Shares of OR traded up $0.69 during trading hours on Tuesday, hitting $40.81. 679,552 shares of the stock traded hands, compared to its average volume of 1,380,995. The business has a fifty day moving average of $34.72 and a 200-day moving average of $33.22. The firm has a market capitalization of $7.64 billion, a PE ratio of 51.65 and a beta of 0.78. OR Royalties has a 1-year low of $17.55 and a 1-year high of $42.25.

OR Royalties (NYSE:OR) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The company had revenue of $71.63 million during the quarter, compared to analysts’ expectations of $53.85 million. OR Royalties had a net margin of 60.72% and a return on equity of 10.67%. As a group, equities research analysts expect that OR Royalties will post 0.62 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, December 31st. OR Royalties’s payout ratio is presently 27.85%.

OR Royalties Company 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.