SG Americas Securities LLC Takes $218,000 Position in Orchid Island Capital, Inc. (NYSE:ORC)

SG Americas Securities LLC acquired a new stake in shares of Orchid Island Capital, Inc. (NYSE:ORCFree Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,554 shares of the real estate investment trust’s stock, valued at approximately $218,000.

A number of other large investors have also recently made changes to their positions in the stock. Van ECK Associates Corp grew its holdings in shares of Orchid Island Capital by 25.0% during the second quarter. Van ECK Associates Corp now owns 498,079 shares of the real estate investment trust’s stock valued at $4,154,000 after buying an additional 99,713 shares during the last quarter. Significant Wealth Partners LLC grew its holdings in shares of Orchid Island Capital by 266.8% during the first quarter. Significant Wealth Partners LLC now owns 459,194 shares of the real estate investment trust’s stock valued at $4,101,000 after buying an additional 334,002 shares during the last quarter. TrueMark Investments LLC purchased a new stake in shares of Orchid Island Capital during the second quarter valued at $3,194,000. Cetera Investment Advisers grew its holdings in shares of Orchid Island Capital by 10.2% during the second quarter. Cetera Investment Advisers now owns 183,678 shares of the real estate investment trust’s stock valued at $1,532,000 after buying an additional 17,029 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Orchid Island Capital by 12.9% in the second quarter. Bank of New York Mellon Corp now owns 169,547 shares of the real estate investment trust’s stock valued at $1,414,000 after purchasing an additional 19,338 shares during the last quarter. 32.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Orchid Island Capital in a research report on Wednesday, August 28th.

View Our Latest Research Report on Orchid Island Capital

Orchid Island Capital Stock Down 1.6 %

Shares of ORC opened at $7.87 on Wednesday. The business’s 50-day moving average is $8.11 and its two-hundred day moving average is $8.30. Orchid Island Capital, Inc. has a fifty-two week low of $5.90 and a fifty-two week high of $9.08.

Orchid Island Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 18.31%. The ex-dividend date of this dividend is Thursday, October 31st. Orchid Island Capital’s dividend payout ratio is currently -165.52%.

Orchid Island Capital Profile

(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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