Parallel Advisors LLC Has $29,000 Stock Holdings in Orchid Island Capital, Inc. (NYSE:ORC)

Parallel Advisors LLC grew its position in shares of Orchid Island Capital, Inc. (NYSE:ORCFree Report) by 216.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,433 shares of the real estate investment trust’s stock after acquiring an additional 2,348 shares during the quarter. Parallel Advisors LLC’s holdings in Orchid Island Capital were worth $29,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ORC. Hudson Bay Capital Management LP acquired a new position in Orchid Island Capital during the third quarter worth $4,648,000. Invesco Ltd. boosted its holdings in shares of Orchid Island Capital by 33.6% in the 3rd quarter. Invesco Ltd. now owns 2,073,998 shares of the real estate investment trust’s stock valued at $17,650,000 after buying an additional 521,401 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Orchid Island Capital by 2.6% in the third quarter. Vanguard Group Inc. now owns 2,120,928 shares of the real estate investment trust’s stock valued at $18,049,000 after buying an additional 53,652 shares in the last quarter. Van ECK Associates Corp increased its holdings in Orchid Island Capital by 12.6% during the fourth quarter. Van ECK Associates Corp now owns 403,659 shares of the real estate investment trust’s stock worth $3,403,000 after buying an additional 45,279 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Orchid Island Capital by 310.0% during the fourth quarter. Russell Investments Group Ltd. now owns 3,235 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 2,446 shares in the last quarter. 32.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ORC shares. Janney Montgomery Scott started coverage on shares of Orchid Island Capital in a research report on Thursday. They issued a “buy” rating and a $9.50 price objective for the company. JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a report on Thursday, April 18th.

Read Our Latest Stock Analysis on ORC

Orchid Island Capital Stock Down 0.6 %

NYSE:ORC opened at $8.40 on Friday. The firm has a market capitalization of $444.95 million, a P/E ratio of -15.85 and a beta of 1.85. Orchid Island Capital, Inc. has a twelve month low of $5.90 and a twelve month high of $11.27. The company has a fifty day moving average of $8.51 and a 200-day moving average of $8.42.

Orchid Island Capital (NYSE:ORCGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). During the same period in the prior year, the company posted ($0.24) EPS. On average, analysts anticipate that Orchid Island Capital, Inc. will post -0.36 EPS for the current fiscal year.

Orchid Island Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Friday, May 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.44 annualized dividend and a yield of 17.14%. Orchid Island Capital’s dividend payout ratio (DPR) is -271.70%.

About Orchid Island Capital

(Free Report)

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.

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Institutional Ownership by Quarter for Orchid Island Capital (NYSE:ORC)

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