Synergy Asset Management LLC Decreases Stock Position in OR Royalties Inc. $OR

Synergy Asset Management LLC cut its position in OR Royalties Inc. (NYSE:OR) by 66.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,617 shares of the basic materials company’s stock after selling 35,234 shares during the period. Synergy Asset Management LLC’s holdings in OR Royalties were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in OR Royalties by 20.5% in the 3rd quarter. Van ECK Associates Corp now owns 15,561,057 shares of the basic materials company’s stock valued at $623,686,000 after purchasing an additional 2,650,333 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of OR Royalties by 39.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,543,667 shares of the basic materials company’s stock worth $302,419,000 after buying an additional 2,124,421 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of OR Royalties in the third quarter valued at about $41,210,000. Goldman Sachs Group Inc. lifted its stake in shares of OR Royalties by 152.4% in the first 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 in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of OR Royalties by 85.3% in the third quarter. Invesco Ltd. now owns 1,543,366 shares of the basic materials company’s stock worth $61,858,000 after buying an additional 710,654 shares in the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of OR Royalties from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Weiss Ratings reissued a “buy (b)” rating on shares of OR Royalties in a research note on Monday, December 29th. Jefferies Financial Group restated a “hold” rating and set a $38.00 target price on shares of OR Royalties in a report on Sunday, December 7th. TD Securities restated a “hold” rating on shares of OR Royalties in a research report on Monday, February 23rd. Finally, Zacks Research raised OR Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.25.

OR Royalties Trading Down 1.6%

Shares of OR opened at $34.20 on Friday. OR Royalties Inc. has a 12-month low of $18.99 and a 12-month high of $48.06. The firm has a 50-day moving average price of $41.90 and a 200 day moving average price of $37.87. The firm has a market capitalization of $6.42 billion, a P/E ratio of 31.38 and a beta of 0.75.

OR Royalties (NYSE:OR) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $90.47 million for the quarter, compared to the consensus estimate of $90.80 million. OR Royalties had a net margin of 74.30% and a return on equity of 12.73%. Equities research analysts predict that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.055 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.6%. OR Royalties’s dividend payout ratio (DPR) is currently 20.18%.

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.