Van ECK Associates Corp Purchases 87,124 Shares of Orchid Island Capital, Inc. (NYSE:ORC)

Van ECK Associates Corp lifted its holdings in shares of Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 782,255 shares of the real estate investment trust's stock after purchasing an additional 87,124 shares during the quarter. Van ECK Associates Corp owned approximately 0.98% of Orchid Island Capital worth $6,086,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC increased its position in Orchid Island Capital by 2.1% during the third quarter. Global Retirement Partners LLC now owns 63,109 shares of the real estate investment trust's stock worth $519,000 after buying an additional 1,305 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Orchid Island Capital by 7.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust's stock worth $378,000 after acquiring an additional 3,410 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Orchid Island Capital by 29.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 26,466 shares of the real estate investment trust's stock valued at $218,000 after acquiring an additional 5,945 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Orchid Island Capital by 23.2% in the 4th quarter. SG Americas Securities LLC now owns 32,727 shares of the real estate investment trust's stock valued at $255,000 after acquiring an additional 6,173 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new stake in Orchid Island Capital in the 3rd quarter worth approximately $58,000. Institutional investors own 32.74% of the company's stock.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a "market perform" rating on shares of Orchid Island Capital in a report on Thursday, January 23rd.

Orchid Island Capital Trading Up 0.5 %

Orchid Island Capital stock traded up $0.05 on Friday, reaching $8.92. 2,983,210 shares of the stock were exchanged, compared to its average volume of 2,788,308. Orchid Island Capital, Inc. has a twelve month low of $7.41 and a twelve month high of $9.08. The firm has a fifty day moving average price of $8.07 and a two-hundred day moving average price of $8.02. The stock has a market cap of $831.68 million, a PE ratio of 14.86 and a beta of 1.83.

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

Orchid Island Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.44 annualized dividend and a dividend yield of 16.15%. Orchid Island Capital's dividend payout ratio is 240.00%.

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.