Orchard Funding Group (LON:ORCH) Posts Earnings Results

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

Orchard Funding Group Price Performance

ORCH opened at GBX 40 ($0.52) on Wednesday. The company has a debt-to-equity ratio of 212.80, a current ratio of 1.50 and a quick ratio of 1.86. The stock has a market capitalization of £8.54 million, a P/E ratio of 571.43 and a beta of -0.13. The company’s 50 day simple moving average is GBX 28.97 and its 200-day simple moving average is GBX 27.36. Orchard Funding Group has a one year low of GBX 16 ($0.21) and a one year high of GBX 44 ($0.57).

Orchard Funding Group Increases Dividend

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