Mariner LLC Invests $82,000 in Orchid Island Capital, Inc. (NYSE:ORC)

Mariner LLC acquired a new position in shares of Orchid Island Capital, Inc. (NYSE:ORC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,598 shares of the real estate investment trust’s stock, valued at approximately $82,000.

Other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in shares of Orchid Island Capital by 3,379.3% in the fourth quarter. Invesco Ltd. now owns 2,354,065 shares of the real estate investment trust’s stock valued at $18,315,000 after purchasing an additional 2,286,405 shares during the last quarter. Vanguard Group Inc. raised its holdings in Orchid Island Capital by 12.1% during the fourth quarter. Vanguard Group Inc. now owns 4,238,780 shares of the real estate investment trust’s stock worth $32,978,000 after acquiring an additional 456,209 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Orchid Island Capital by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 1,827,479 shares of the real estate investment trust’s stock valued at $14,221,000 after buying an additional 177,357 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Orchid Island Capital by 12.5% in the fourth quarter. Van ECK Associates Corp now owns 782,255 shares of the real estate investment trust’s stock valued at $6,086,000 after buying an additional 87,124 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Orchid Island Capital during the fourth quarter worth $646,000. 32.74% of the stock is owned by institutional investors.

Orchid Island Capital Price Performance

Shares of NYSE:ORC opened at $7.16 on Friday. The firm has a 50 day simple moving average of $7.33 and a 200 day simple moving average of $7.78. The company has a market cap of $764.10 million, a price-to-earnings ratio of 11.94 and a beta of 1.54. Orchid Island Capital, Inc. has a one year low of $5.69 and a one year high of $9.01.

Orchid Island Capital (NYSE:ORC) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The business had revenue of $19.71 million for the quarter, compared to analysts’ expectations of $11.96 million. As a group, analysts expect that Orchid Island Capital, Inc. will post 0.37 EPS for the current year.

Orchid Island Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 20.10%. The ex-dividend date is Friday, May 30th. Orchid Island Capital’s payout ratio is 360.00%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ORC shares. Jones Trading reissued a “hold” rating on shares of Orchid Island Capital in a report on Wednesday, April 30th. JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a report on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Orchid Island Capital from a “sell” rating to a “hold” rating in a research note on Wednesday.

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.