Orchid Island Capital, Inc. (NYSE:ORC) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its position in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 39.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 695,131 shares of the real estate investment trust's stock after purchasing an additional 197,052 shares during the period. Van ECK Associates Corp owned approximately 0.97% of Orchid Island Capital worth $5,422,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of ORC. Global Retirement Partners LLC increased its holdings in Orchid Island Capital by 2.1% in the 3rd 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 period. The Manufacturers Life Insurance Company increased its stake in shares of Orchid Island Capital by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 20,521 shares of the real estate investment trust's stock worth $171,000 after acquiring an additional 1,422 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Orchid Island Capital by 3.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 46,909 shares of the real estate investment trust's stock worth $419,000 after purchasing an additional 1,642 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Orchid Island Capital by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 70,444 shares of the real estate investment trust's stock valued at $588,000 after purchasing an additional 1,904 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Orchid Island Capital in the second quarter valued at $28,000. 32.74% of the stock is currently owned by hedge funds and other institutional investors.

Orchid Island Capital Stock Up 2.5 %

Shares of ORC stock traded up $0.19 during mid-day trading on Friday, hitting $7.93. 1,693,844 shares of the stock were exchanged, compared to its average volume of 1,624,476. Orchid Island Capital, Inc. has a 52-week low of $6.73 and a 52-week high of $9.08. The firm has a fifty day moving average of $8.00 and a 200 day moving average of $8.25. The company has a market cap of $621.87 million, a PE ratio of 7.37 and a beta of 1.85.

Orchid Island Capital (NYSE:ORC - Get Free Report) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). During the same quarter last year, the business posted ($0.28) earnings per share. Equities analysts predict that Orchid Island Capital, Inc. will post -0.25 EPS for the current year.

Orchid Island Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st will be given a $0.12 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 18.16%. Orchid Island Capital's dividend payout ratio (DPR) is presently 137.14%.

Analysts Set New Price Targets

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

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.