Orchard Funding Group (LON:ORCH) Issues Earnings Results

Orchard Funding Group (LON:ORCH) posted its quarterly earnings data on Monday. The company reported GBX 7.15 ($0.09) earnings per share for the quarter, Digital Look Earnings reports. Orchard Funding Group had a return on equity of 8.62% and a net margin of 23.07%.

Orchard Funding Group Stock Performance

LON ORCH traded down GBX 2 ($0.03) during trading on Wednesday, reaching GBX 38 ($0.49). The company’s stock had a trading volume of 169,754 shares, compared to its average volume of 27,035. Orchard Funding Group has a 12 month low of GBX 16 ($0.21) and a 12 month high of GBX 44 ($0.57). The firm has a 50 day moving average price of GBX 28.97 and a 200 day moving average price of GBX 27.36. The firm has a market capitalization of £8.11 million, a price-to-earnings ratio of 542.86 and a beta of -0.13. The company has a current ratio of 1.50, a quick ratio of 1.86 and a debt-to-equity ratio of 212.80.

Orchard Funding Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Thursday, June 12th will be paid a GBX 2 ($0.03) dividend. This is a boost from Orchard Funding Group’s previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, June 12th. This represents a yield of 7.02%. Orchard Funding Group’s payout ratio is 4,285.71%.

About Orchard Funding Group

Orchard Funding Group plc, through its subsidiaries, provides insurance premium finance, professional fee funding, finance, and secured property lending services in the United Kingdom. It operates in two segments, Standard Lending and Toyota Products. The company offers credit to businesses and consumers for spreading the cost of their insurance premiums; and professional customized fee funding solutions to accounting firms, professionals, and small businesses to provide extended credit to their business clients.