Orchard Funding Group (LON:ORCH) Posts Quarterly Earnings Results

Orchard Funding Group (LON:ORCH) released its quarterly earnings data on Monday. The company reported GBX 7.15 ($0.09) EPS 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 Trading Down 4.7 %

Shares of Orchard Funding Group stock opened at GBX 36.20 ($0.47) on Tuesday. The company has a current ratio of 1.50, a quick ratio of 1.86 and a debt-to-equity ratio of 212.80. The company has a fifty day simple moving average of GBX 28.76 and a 200-day simple moving average of GBX 27.25. The stock has a market cap of £7.73 million, a price-to-earnings ratio of 517.14 and a beta of -0.13. Orchard Funding Group has a 12-month low of GBX 14 ($0.18) and a 12-month high of GBX 40.80 ($0.53).

Orchard Funding Group Increases Dividend

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