Orchid Island Capital (ORC) Set to Announce Earnings on Thursday

Orchid Island Capital (NYSE:ORC) will be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Orchid Island Capital Stock Up 0.7 %

ORC opened at $8.16 on Thursday. The stock has a market capitalization of $418.61 million, a price-to-earnings ratio of -9.95 and a beta of 1.83. The firm has a 50 day moving average price of $8.55 and a 200-day moving average price of $8.04. Orchid Island Capital has a twelve month low of $5.90 and a twelve month high of $11.27.

Orchid Island Capital Announces Dividend

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 given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 17.65%. The ex-dividend date is Monday, April 29th. Orchid Island Capital’s dividend payout ratio (DPR) is presently -175.61%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Orchid Island Capital by 5.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 30,792 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 1,467 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Orchid Island Capital by 11.1% during the second quarter. The Manufacturers Life Insurance Company now owns 15,558 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 1,556 shares during the last quarter. Squarepoint Ops LLC raised its position in Orchid Island Capital by 6.9% in the fourth quarter. Squarepoint Ops LLC now owns 30,396 shares of the real estate investment trust’s stock worth $319,000 after acquiring an additional 1,951 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Orchid Island Capital by 11.9% during the 2nd quarter. MetLife Investment Management LLC now owns 20,929 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 2,221 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Orchid Island Capital by 182.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,221 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 2,726 shares during the last quarter. 32.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.