TrueMark Investments LLC Cuts Stake in Orchid Island Capital, Inc. (NYSE:ORC)

TrueMark Investments LLC decreased its holdings in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,613 shares of the real estate investment trust's stock after selling 39,319 shares during the period. TrueMark Investments LLC owned about 0.34% of Orchid Island Capital worth $2,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORC. Nisa Investment Advisors LLC increased its position in shares of Orchid Island Capital by 7.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust's stock valued at $378,000 after purchasing an additional 3,410 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Orchid Island Capital by 29.0% during the third quarter. The Manufacturers Life Insurance Company now owns 26,466 shares of the real estate investment trust's stock worth $218,000 after purchasing an additional 5,945 shares in the last quarter. SG Americas Securities LLC increased its holdings in Orchid Island Capital by 23.2% in the fourth quarter. SG Americas Securities LLC now owns 32,727 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 6,173 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in Orchid Island Capital in the third quarter valued at $58,000. Finally, MetLife Investment Management LLC lifted its holdings in Orchid Island Capital by 32.6% during the 3rd quarter. MetLife Investment Management LLC now owns 40,851 shares of the real estate investment trust's stock worth $336,000 after buying an additional 10,032 shares during the last quarter. 32.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORC has been the topic of a number of recent analyst reports. JMP Securities reiterated a "market perform" rating on shares of Orchid Island Capital in a report on Thursday, January 23rd. StockNews.com cut shares of Orchid Island Capital from a "hold" rating to a "sell" rating in a report on Thursday.

Orchid Island Capital Stock Down 3.6 %

ORC traded down $0.29 during trading on Friday, hitting $7.66. 6,019,713 shares of the stock were exchanged, compared to its average volume of 2,102,847. Orchid Island Capital, Inc. has a 1-year low of $7.41 and a 1-year high of $9.01. The stock has a fifty day moving average price of $8.33 and a two-hundred day moving average price of $8.06. The firm has a market capitalization of $715.01 million, a P/E ratio of 12.77 and a beta of 1.90.

Orchid Island Capital (NYSE:ORC - Get Free Report) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.08. Analysts predict that Orchid Island Capital, Inc. will post 0.37 EPS for the current year.

Orchid Island Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Monday, March 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 18.79%. Orchid Island Capital's 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.