76,716 Shares in Orchid Island Capital, Inc. $ORC Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Orchid Island Capital, Inc. (NYSE:ORC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 76,716 shares of the real estate investment trust’s stock, valued at approximately $552,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Orchid Island Capital by 24.1% during the third quarter. Vanguard Group Inc. now owns 7,917,449 shares of the real estate investment trust’s stock worth $55,501,000 after buying an additional 1,537,126 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Orchid Island Capital by 3.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,953,916 shares of the real estate investment trust’s stock worth $27,717,000 after buying an additional 149,251 shares in the last quarter. Invesco Ltd. grew its position in Orchid Island Capital by 10.3% during the third quarter. Invesco Ltd. now owns 3,165,436 shares of the real estate investment trust’s stock worth $22,190,000 after buying an additional 294,547 shares in the last quarter. Van ECK Associates Corp grew its position in Orchid Island Capital by 26.6% during the third quarter. Van ECK Associates Corp now owns 1,440,892 shares of the real estate investment trust’s stock worth $10,101,000 after buying an additional 302,548 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in Orchid Island Capital by 170.0% during the third quarter. Two Sigma Investments LP now owns 1,282,514 shares of the real estate investment trust’s stock worth $8,990,000 after buying an additional 807,442 shares in the last quarter. 32.74% of the stock is currently owned by hedge funds and other institutional investors.

Orchid Island Capital Trading Up 0.1%

Shares of ORC stock opened at $7.21 on Monday. The company has a quick ratio of 509.34, a current ratio of 509.34 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $7.33 and a two-hundred day moving average price of $7.39. Orchid Island Capital, Inc. has a 12-month low of $5.85 and a 12-month high of $8.40. The firm has a market cap of $1.41 billion, a P/E ratio of 6.93 and a beta of 1.63.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $124.78 million for the quarter, compared to the consensus estimate of $35.74 million. Equities analysts anticipate that Orchid Island Capital, Inc. will post 0.37 EPS for the current fiscal year.

Orchid Island Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) annualized dividend and a yield of 20.0%. Orchid Island Capital’s payout ratio is 138.46%.

Analysts Set New Price Targets

ORC has been the subject of several recent analyst reports. Wall Street Zen upgraded Orchid Island Capital from a “sell” rating to a “hold” rating in a research report on Saturday. Compass Point initiated coverage on Orchid Island Capital in a research report on Monday, December 15th. They set a “neutral” rating and a $7.50 target price for the company. Finally, Weiss Ratings cut Orchid Island Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Orchid Island Capital presently has an average rating of “Reduce” and an average price target of $7.50.

Orchid Island Capital Profile

Orchid Island Capital is a real estate investment trust that specializes in investing in residential mortgage‐backed securities (RMBS), with a primary focus on mortgage pass‐through securities guaranteed by the Government National Mortgage Association (Ginnie Mae). Structured to elect and maintain status as a REIT under the U.S. Internal Revenue Code, the company’s principal business strategy involves acquiring pools of U.S. residential mortgages in the secondary market and holding them to generate interest income.