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

Orchard Funding Group (LON:ORCH) announced 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 net margin of 23.07% and a return on equity of 8.62%.

Orchard Funding Group Stock Down 5.0 %

ORCH stock traded down GBX 2 ($0.03) during mid-day trading on Wednesday, hitting GBX 38 ($0.49). The stock had a trading volume of 189,754 shares, compared to its average volume of 27,369. Orchard Funding Group has a 1-year low of GBX 16 ($0.21) and a 1-year high of GBX 44 ($0.57). The company has a fifty day moving average of GBX 28.97 and a 200 day moving average of GBX 27.36. 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 stock has a market capitalization of £8.11 million, a price-to-earnings ratio of 542.86 and a beta of -0.13.

Orchard Funding Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 12th will be issued 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 (DPR) is currently 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.