Vanguard Group Inc. Boosts Stake in Orchid Island Capital, Inc. (NYSE:ORC)

Vanguard Group Inc. raised its holdings in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 2.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,120,928 shares of the real estate investment trust’s stock after purchasing an additional 53,652 shares during the quarter. Vanguard Group Inc.’s holdings in Orchid Island Capital were worth $18,049,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its stake in Orchid Island Capital by 11.5% in the 1st quarter. BlackRock Inc. now owns 3,502,129 shares of the real estate investment trust’s stock worth $37,578,000 after acquiring an additional 361,242 shares in the last quarter. State Street Corp grew its stake in Orchid Island Capital by 12.6% in the second quarter. State Street Corp now owns 2,862,255 shares of the real estate investment trust’s stock worth $8,283,000 after purchasing an additional 320,297 shares in the last quarter. Invesco Ltd. increased its holdings in Orchid Island Capital by 33.6% during the 3rd quarter. Invesco Ltd. now owns 2,073,998 shares of the real estate investment trust’s stock worth $17,650,000 after purchasing an additional 521,401 shares during the period. Northern Trust Corp raised its position in Orchid Island Capital by 25.5% during the 2nd quarter. Northern Trust Corp now owns 1,568,441 shares of the real estate investment trust’s stock valued at $4,469,000 after purchasing an additional 319,137 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its holdings in shares of Orchid Island Capital by 1,436.8% in the 3rd quarter. Balyasny Asset Management LLC now owns 1,494,875 shares of the real estate investment trust’s stock worth $12,258,000 after buying an additional 1,397,606 shares during the period. Institutional investors own 32.74% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Orchid Island Capital to a “sell” rating in a research note on Friday, February 9th.

Orchid Island Capital Stock Performance

ORC stock opened at $8.39 on Monday. The firm has a 50-day simple moving average of $8.55 and a two-hundred day simple moving average of $8.05. Orchid Island Capital, Inc. has a one year low of $5.90 and a one year high of $11.27. The firm has a market cap of $430.43 million, a price-to-earnings ratio of -10.23 and a beta of 1.83.

Orchid Island Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.44 annualized dividend and a dividend yield of 17.16%. Orchid Island Capital’s dividend payout ratio (DPR) is currently -175.61%.

Orchid Island Capital Company Profile

Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.