Tradition Capital Management Lowers stake in Oritani Financial Corp. (ORIT)

Oritani Financial Corp. (ORIT) : Tradition Capital Management reduced its stake in Oritani Financial Corp. by 13.22% during the most recent quarter end. The investment management company now holds a total of 78,480 shares of Oritani Financial Corp. which is valued at $1,260,389 after selling 11,960 shares in Oritani Financial Corp. , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Oritani Financial Corp. makes up approximately 0.41% of Tradition Capital Management’s portfolio.

Other Hedge Funds, Including , Agf Investments sold out all of its stake in ORIT during the most recent quarter. The investment firm sold 91,842 shares of ORIT which is valued $1,474,983. Denali Advisors added ORIT to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $1,649.Creative Planning boosted its stake in ORIT in the latest quarter, The investment management firm added 2,794 additional shares and now holds a total of 8,657 shares of Oritani Financial Corp. which is valued at $142,321.

Oritani Financial Corp. opened for trading at $16.06 and hit $16.17 on the upside on Thursday, eventually ending the session at $16.11, with a gain of 0.31% or 0.05 points. The heightened volatility saw the trading volume jump to 79,438 shares. Company has a market cap of $729 M.

Oritani Financial Corp. is a holding company for Oritani Bank (the Bank). The Bank’s principal business consists of attracting retail and commercial bank deposits from the public in the areas surrounding its corporate office in the Township of Washington New Jersey. It invests those deposits together with funds generated from operations in commercial real estate loans one- to four-family residential mortgage loans as well as in second mortgage and equity loans and investment securities. The Bank provides a range of deposit banking services to individual and corporate customers in the New Jersey counties of Bergen Hudson Essex and Passaic. It provides loans to individual and corporate customers in New Jersey as well as corporate customers primarily in portions of the states of New York and Pennsylvania. Its primary sources of funds are deposits borrowings and principal and interest payments on loans and securities.

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