Centiva Capital LP Trims Holdings in Orchid Island Capital, Inc. (NYSE:ORC)

Centiva Capital LP trimmed its holdings in shares of Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 75.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,894 shares of the real estate investment trust's stock after selling 87,981 shares during the quarter. Centiva Capital LP's holdings in Orchid Island Capital were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ORC. Wolverine Asset Management LLC bought a new stake in shares of Orchid Island Capital during the 3rd quarter valued at about $3,903,000. Charles Schwab Investment Management Inc. lifted its position in Orchid Island Capital by 274.5% during the third 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 purchasing an additional 429,689 shares during the last quarter. TrueMark Investments LLC purchased a new position in Orchid Island Capital in the 2nd quarter worth approximately $3,194,000. Van ECK Associates Corp increased its holdings 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 worth $5,422,000 after buying an additional 197,052 shares during the last quarter. Finally, Quest Partners LLC raised its position in shares of Orchid Island Capital by 385.2% during the 3rd quarter. Quest Partners LLC now owns 124,352 shares of the real estate investment trust's stock valued at $1,022,000 after buying an additional 98,723 shares in the last quarter. 32.74% of the stock is currently owned by institutional investors.

Orchid Island Capital Stock Performance

NYSE:ORC traded down $0.02 during trading hours on Friday, reaching $8.04. The company's stock had a trading volume of 1,330,321 shares, compared to its average volume of 1,618,610. The firm has a market capitalization of $641.99 million, a price-to-earnings ratio of 7.66 and a beta of 1.84. The firm has a 50-day simple moving average of $7.85 and a 200-day simple moving average of $8.14. Orchid Island Capital, Inc. has a 1 year low of $7.41 and a 1 year high of $9.08.

Orchid Island Capital (NYSE:ORC - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). During the same period in the previous year, the company posted ($0.28) earnings per share. Equities analysts anticipate that Orchid Island Capital, Inc. will post -0.25 earnings per share for the current fiscal year.

Orchid Island Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.91%. The ex-dividend date is Tuesday, December 31st. Orchid Island Capital's dividend payout ratio (DPR) is presently 137.14%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a "market perform" rating on shares of Orchid Island Capital in a research note on Wednesday, August 28th.

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.