Northern Trust Corp Purchases 98,030 Shares of Orchid Island Capital, Inc. (NYSE:ORC)

Northern Trust Corp lifted its position in Orchid Island Capital, Inc. (NYSE:ORC) by 16.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 682,491 shares of the real estate investment trust’s stock after buying an additional 98,030 shares during the quarter. Northern Trust Corp owned about 0.85% of Orchid Island Capital worth $5,310,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Two Sigma Securities LLC bought a new stake in shares of Orchid Island Capital in the 4th quarter valued at approximately $94,000. Nebula Research & Development LLC bought a new stake in shares of Orchid Island Capital in the 4th quarter valued at approximately $100,000. Tower Research Capital LLC TRC grew its stake in shares of Orchid Island Capital by 73.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,119 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 3,012 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Orchid Island Capital by 15.7% in the 4th quarter. MetLife Investment Management LLC now owns 47,259 shares of the real estate investment trust’s stock valued at $368,000 after buying an additional 6,408 shares in the last quarter. Finally, Mariner LLC bought a new stake in Orchid Island Capital during the fourth quarter worth approximately $82,000. Institutional investors own 32.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com raised Orchid Island Capital from a “sell” rating to a “hold” rating in a research report on Friday, May 16th. JMP Securities reaffirmed a “market perform” rating on shares of Orchid Island Capital in a research report on Thursday, January 23rd. Finally, Jones Trading reaffirmed a “hold” rating on shares of Orchid Island Capital in a research report on Wednesday, April 30th.

Orchid Island Capital Stock Down 0.3%

Shares of Orchid Island Capital stock opened at $7.16 on Wednesday. The stock has a market capitalization of $782.02 million, a P/E ratio of 11.93 and a beta of 1.54. The stock has a 50 day moving average price of $7.15 and a two-hundred day moving average price of $7.75. Orchid Island Capital, Inc. has a 12-month low of $5.69 and a 12-month high of $9.01.

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

Orchid Island Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 20.11%. Orchid Island Capital’s dividend payout ratio (DPR) is presently 360.00%.

Orchid Island Capital 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.