Nisa Investment Advisors LLC Purchases 10,439 Shares of Orchid Island Capital, Inc. (NYSE:ORC)

Nisa Investment Advisors LLC increased its position in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 16.2% during the 4th quarter, Holdings Channel reports. The fund owned 75,040 shares of the real estate investment trust’s stock after buying an additional 10,439 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Orchid Island Capital were worth $633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hudson Bay Capital Management LP bought a new position in Orchid Island Capital during the 3rd quarter worth approximately $4,648,000. Invesco Ltd. raised 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 buying an additional 521,401 shares during the period. Graham Capital Management L.P. acquired a new stake in Orchid Island Capital during the 3rd quarter worth approximately $516,000. Vanguard Group Inc. raised its holdings in Orchid Island Capital by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,120,928 shares of the real estate investment trust’s stock worth $18,049,000 after buying an additional 53,652 shares during the period. Finally, Wolverine Asset Management LLC raised its holdings in Orchid Island Capital by 299.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 914,125 shares of the real estate investment trust’s stock worth $7,779,000 after buying an additional 685,424 shares during the period. Institutional investors own 32.74% of the company’s stock.

Orchid Island Capital Stock Performance

Shares of ORC stock opened at $8.09 on Wednesday. The company has a market capitalization of $414.76 million, a P/E ratio of -9.86 and a beta of 1.83. The company’s 50 day moving average price is $8.54 and its two-hundred day moving average price is $8.04. Orchid Island Capital, Inc. has a 52 week low of $5.90 and a 52 week high of $11.27.

Orchid Island Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, April 29th. This represents a $1.44 annualized dividend and a yield of 17.81%. Orchid Island Capital’s dividend payout ratio (DPR) is currently -175.61%.

Analysts Set New Price Targets

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

Orchid Island Capital 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.