Barclays PLC lifted its stake in shares of Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 409.6% during the third quarter, according to its most recent filing with the Securities and 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 quarter. Barclays PLC owned about 0.12% of Orchid Island Capital worth $773,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in Orchid Island Capital in the second quarter worth $28,000. Quadrature Capital Ltd bought a new stake in Orchid Island Capital in the 3rd quarter valued at about $90,000. Prairie Sky Financial Group LLC bought a new position in Orchid Island Capital in the 3rd quarter worth about $105,000. Intech Investment Management LLC acquired a new stake in shares of Orchid Island Capital in the third quarter valued at approximately $121,000. Finally, AQR Capital Management LLC bought a new stake in shares of Orchid Island Capital during the second quarter valued at approximately $134,000. Institutional investors own 32.74% of the company's stock.
Orchid Island Capital Price Performance
ORC stock traded down $0.03 on Wednesday, reaching $7.78. The company's stock had a trading volume of 1,980,253 shares, compared to its average volume of 1,665,527. Orchid Island Capital, Inc. has a 52 week low of $7.41 and a 52 week high of $9.08. The company has a market capitalization of $621.23 million, a P/E ratio of 7.41 and a beta of 1.84. The firm has a fifty day moving average of $7.84 and a two-hundred day moving average of $8.08.
Orchid Island Capital (NYSE:ORC - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). During the same period in the prior year, the firm posted ($0.28) earnings per share. As a group, equities analysts expect that Orchid Island Capital, Inc. will post -0.25 EPS for the current fiscal year.
Orchid Island Capital Dividend Announcement
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 issued a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 18.51%. The ex-dividend date is Tuesday, December 31st. Orchid Island Capital's dividend payout ratio (DPR) is presently 137.14%.
About Orchid Island Capital
(
Free Report)
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.
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