Rhumbline Advisers Reduces Stake in Orchid Island Capital, Inc. (NYSE:ORC)

Rhumbline Advisers lowered its holdings in Orchid Island Capital, Inc. (NYSE:ORC) by 2.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 108,321 shares of the real estate investment trust’s stock after selling 2,681 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of Orchid Island Capital worth $815,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Orchid Island Capital by 12.1% in the 4th quarter. Vanguard Group Inc. now owns 4,238,780 shares of the real estate investment trust’s stock worth $32,978,000 after buying an additional 456,209 shares during the period. Invesco Ltd. raised its position in shares of Orchid Island Capital by 3,379.3% in the 4th quarter. Invesco Ltd. now owns 2,354,065 shares of the real estate investment trust’s stock worth $18,315,000 after acquiring an additional 2,286,405 shares in the last quarter. Geode Capital Management LLC raised its position 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 worth $14,221,000 after acquiring an additional 177,357 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Orchid Island Capital by 79.0% in the 4th quarter. Ameriprise Financial Inc. now owns 896,192 shares of the real estate investment trust’s stock worth $6,972,000 after acquiring an additional 395,650 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Orchid Island Capital by 16.8% in the 4th quarter. Northern Trust Corp now owns 682,491 shares of the real estate investment trust’s stock worth $5,310,000 after acquiring an additional 98,030 shares in the last quarter. Hedge funds and other institutional investors own 32.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ORC shares. Jones Trading reissued a “hold” rating on shares of Orchid Island Capital in a research report on Wednesday, April 30th. Wall Street Zen raised Orchid Island Capital from a “sell” rating to a “hold” rating in a research report on Friday, May 16th.

Orchid Island Capital Trading Down 0.1%

Orchid Island Capital stock opened at $7.05 on Friday. The firm has a market cap of $853.92 million, a price-to-earnings ratio of 17.61 and a beta of 1.49. The stock has a fifty day simple moving average of $6.97 and a two-hundred day simple moving average of $7.62. 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 released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.16 earnings per share (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 analysts’ expectations of $11.96 million. On average, equities research analysts forecast that Orchid Island Capital, Inc. will post 0.37 EPS for the current fiscal year.

Orchid Island Capital Announces Dividend

The business also recently announced a jun 25 dividend, which will be paid on Wednesday, July 30th. Investors of record on Monday, June 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a yield of 20.5%. Orchid Island Capital’s dividend payout ratio (DPR) is presently 360.00%.

About Orchid Island Capital

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.