Charles Schwab Investment Management Inc. Boosts Stock Position in Orchid Island Capital, Inc. (NYSE:ORC)

Charles Schwab Investment Management Inc. raised its stake in shares of Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 663,655 shares of the real estate investment trust's stock after acquiring an additional 77,435 shares during the period. Charles Schwab Investment Management Inc. owned about 0.83% of Orchid Island Capital worth $5,163,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. McIlrath & Eck LLC purchased a new stake in shares of Orchid Island Capital in the third quarter valued at about $58,000. Proficio Capital Partners LLC purchased a new stake in Orchid Island Capital in the 4th quarter valued at about $82,000. Quadrature Capital Ltd bought a new position in shares of Orchid Island Capital during the 3rd quarter worth approximately $90,000. Intech Investment Management LLC purchased a new position in shares of Orchid Island Capital in the 3rd quarter worth approximately $121,000. Finally, Virtu Financial LLC purchased a new position in shares of Orchid Island Capital in the 3rd quarter worth approximately $152,000. 32.74% of the stock is currently owned by institutional investors.

Orchid Island Capital Price Performance

Shares of Orchid Island Capital stock traded down $0.29 on Friday, reaching $7.66. 6,019,713 shares of the company traded hands, compared to its average volume of 2,102,847. The company has a 50 day moving average of $8.33 and a 200 day moving average of $8.06. Orchid Island Capital, Inc. has a 52 week low of $7.41 and a 52 week high of $9.01. The firm has a market capitalization of $715.01 million, a PE ratio of 12.77 and a beta of 1.90.

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Orchid Island Capital (NYSE:ORC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.08. As a group, analysts anticipate that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current year.

Orchid Island Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Monday, March 31st will be paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 18.79%. The ex-dividend date is Monday, March 31st. Orchid Island Capital's dividend payout ratio is currently 240.00%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JMP Securities reiterated a "market perform" rating on shares of Orchid Island Capital in a report on Thursday, January 23rd. StockNews.com lowered Orchid Island Capital from a "hold" rating to a "sell" rating in a research report on Thursday.

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.