Los Angeles Capital Management LLC Takes Position in Orchid Island Capital, Inc. (NYSE:ORC)

Los Angeles Capital Management LLC purchased a new stake in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 83,059 shares of the real estate investment trust's stock, valued at approximately $646,000. Los Angeles Capital Management LLC owned approximately 0.10% of Orchid Island Capital as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. State Street Corp grew its position in Orchid Island Capital by 13.0% during the third quarter. State Street Corp now owns 1,073,495 shares of the real estate investment trust's stock worth $8,952,000 after buying an additional 123,239 shares during the period. Charles Schwab Investment Management Inc. grew its holdings 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 worth $4,819,000 after acquiring an additional 429,689 shares during the period. Barclays PLC increased its stake in Orchid Island Capital by 409.6% in the 3rd quarter. Barclays PLC now owns 94,005 shares of the real estate investment trust's stock valued at $773,000 after purchasing an additional 75,557 shares in the last quarter. Van ECK Associates Corp increased its stake in 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 purchasing an additional 197,052 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Orchid Island Capital by 34.3% during the third quarter. Geode Capital Management LLC now owns 1,650,122 shares of the real estate investment trust's stock worth $13,566,000 after purchasing an additional 421,718 shares during the last quarter. Hedge funds and other institutional investors own 32.74% of the company's stock.

Orchid Island Capital Stock Performance

ORC stock traded down $0.11 on Monday, reaching $8.44. The company had a trading volume of 4,583,687 shares, compared to its average volume of 3,004,181. The company's fifty day moving average is $8.17 and its 200 day moving average is $8.05. The company has a market cap of $787.40 million, a P/E ratio of 14.07 and a beta of 1.83. 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 issued its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.08. On average, sell-side analysts predict 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 declared a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.44 annualized dividend and a dividend yield of 17.06%. Orchid Island Capital's dividend payout ratio is currently 240.00%.

Analyst Ratings Changes

ORC has been the topic of several research reports. StockNews.com raised Orchid Island Capital from a "sell" rating to a "hold" rating in a report on Monday, February 24th. JMP Securities reissued a "market perform" rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd.

Orchid Island Capital 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.