Barclays PLC Acquires 24,353 Shares of Orchid Island Capital, Inc. (NYSE:ORC)

Barclays PLC raised its holdings in Orchid Island Capital, Inc. (NYSE:ORC) by 25.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,358 shares of the real estate investment trust’s stock after purchasing an additional 24,353 shares during the quarter. Barclays PLC owned 0.15% of Orchid Island Capital worth $921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ORC. Russell Investments Group Ltd. grew its position in Orchid Island Capital by 32.8% during the fourth quarter. Russell Investments Group Ltd. now owns 6,165 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 1,522 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Orchid Island Capital during the 4th quarter worth approximately $82,000. New Age Alpha Advisors LLC bought a new stake in shares of Orchid Island Capital in the 4th quarter worth approximately $127,000. NFP Retirement Inc. purchased a new position in Orchid Island Capital in the fourth quarter valued at approximately $130,000. Finally, Virtu Financial LLC bought a new position in Orchid Island Capital during the third quarter valued at $152,000. 32.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Jones Trading restated a “hold” rating on shares of Orchid Island Capital in a research note on Wednesday, April 30th. StockNews.com downgraded shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. Finally, JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd.

Orchid Island Capital Stock Performance

Shares of NYSE ORC opened at $6.98 on Tuesday. The stock has a fifty day moving average of $7.42 and a 200-day moving average of $7.80. The stock has a market cap of $744.04 million, a PE ratio of 11.63 and a beta of 1.54. Orchid Island Capital, Inc. has a fifty-two week low of $5.69 and a fifty-two week high of $9.01.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The firm had revenue of $19.71 million during the quarter, compared to analysts’ expectations of $11.96 million. On average, sell-side analysts predict that Orchid Island Capital, Inc. will post 0.37 EPS for the current year.

Orchid Island Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 20.65%. Orchid Island Capital’s dividend payout ratio (DPR) is currently 360.00%.

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.