Orchard Capital Management LLC Invests $2.19 Million in Axos Financial, Inc $AX

Orchard Capital Management LLC bought a new position in Axos Financial, Inc (NYSE:AX) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 22,491 shares of the company’s stock, valued at approximately $2,190,000. Axos Financial accounts for about 2.1% of Orchard Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Cetera Investment Advisers grew its holdings in Axos Financial by 0.7% during the fourth quarter. Cetera Investment Advisers now owns 16,547 shares of the company’s stock valued at $1,426,000 after purchasing an additional 108 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in shares of Axos Financial by 3.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,495 shares of the company’s stock worth $301,000 after buying an additional 113 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Axos Financial by 0.9% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 14,871 shares of the company’s stock valued at $1,281,000 after buying an additional 132 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Axos Financial by 7.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,186 shares of the company’s stock valued at $188,000 after acquiring an additional 146 shares during the period. Finally, Federation des caisses Desjardins du Quebec grew its stake in shares of Axos Financial by 0.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 17,663 shares of the company’s stock valued at $1,522,000 after acquiring an additional 146 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AX has been the subject of several analyst reports. Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. DA Davidson set a $121.00 price target on shares of Axos Financial in a report on Friday, July 31st. Benchmark upped their price target on shares of Axos Financial from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Needham & Company LLC increased their price objective on shares of Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Keefe, Bruyette & Woods upped their target price on shares of Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.67.

Axos Financial Trading Up 0.7%

Shares of AX opened at $96.62 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.04 and a quick ratio of 1.04. Axos Financial, Inc has a 1 year low of $74.89 and a 1 year high of $105.74. The company has a 50 day simple moving average of $97.18 and a two-hundred day simple moving average of $92.52. The firm has a market cap of $5.50 billion, a P/E ratio of 11.41 and a beta of 1.22.

Insider Buying and Selling at Axos Financial

In related news, Director Roque A. Santi sold 500 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total transaction of $52,650.00. Following the completion of the transaction, the director directly owned 7,146 shares of the company’s stock, valued at approximately $752,473.80. This trade represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.85% of the company’s stock.

About Axos Financial

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.