Barclays PLC Has $773,000 Position in Orchid Island Capital, Inc. (NYSE:ORC)

Barclays PLC raised its holdings in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 409.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,005 shares of the real estate investment trust's stock after purchasing an additional 75,557 shares during the period. Barclays PLC owned approximately 0.12% of Orchid Island Capital worth $773,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. State Street Corp raised its stake in Orchid Island Capital by 13.0% in the third quarter. State Street Corp now owns 1,073,495 shares of the real estate investment trust's stock valued at $8,952,000 after purchasing an additional 123,239 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Orchid Island Capital by 274.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,220 shares of the real estate investment trust's stock valued at $4,819,000 after buying an additional 429,689 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Orchid Island Capital by 39.6% in the 3rd quarter. Van ECK Associates Corp now owns 695,131 shares of the real estate investment trust's stock valued at $5,422,000 after buying an additional 197,052 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Orchid Island Capital by 34.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,650,122 shares of the real estate investment trust's stock worth $13,566,000 after acquiring an additional 421,718 shares during the period. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Orchid Island Capital during the 3rd quarter worth approximately $3,903,000. Institutional investors and hedge funds own 32.74% of the company's stock.

Orchid Island Capital Price Performance

ORC traded up $0.12 during trading on Thursday, hitting $7.94. 2,321,314 shares of the stock traded hands, compared to its average volume of 2,338,125. The business has a 50 day moving average price of $7.86 and a 200 day moving average price of $8.03. Orchid Island Capital, Inc. has a twelve month low of $7.41 and a twelve month high of $9.08. The company has a market cap of $633.61 million, a price-to-earnings ratio of 7.56 and a beta of 1.82.

Orchid Island Capital (NYSE:ORC - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) EPS for the quarter, hitting analysts' consensus estimates of ($0.05). During the same period last year, the firm posted ($0.28) EPS. On average, equities research analysts predict that Orchid Island Capital, Inc. will post -0.25 earnings per share for the current year.

Orchid Island Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, January 31st. This represents a $1.44 annualized dividend and a dividend yield of 18.15%. Orchid Island Capital's dividend payout ratio (DPR) is presently 137.14%.

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.