Orchid Island Capital, Inc. (NYSE:ORC) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,238,780 shares of the real estate investment trust's stock after acquiring an additional 456,209 shares during the quarter. Vanguard Group Inc. owned 5.31% of Orchid Island Capital worth $32,978,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new stake in shares of Orchid Island Capital in the 3rd quarter valued at $58,000. Proficio Capital Partners LLC acquired a new position in shares of Orchid Island Capital during the 4th quarter worth about $82,000. Virtu Financial LLC purchased a new position in shares of Orchid Island Capital in the 3rd quarter valued at about $152,000. Geneos Wealth Management Inc. purchased a new stake in Orchid Island Capital in the fourth quarter valued at $176,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Orchid Island Capital by 29.0% in the third quarter. The Manufacturers Life Insurance Company now owns 26,466 shares of the real estate investment trust's stock valued at $218,000 after buying an additional 5,945 shares during the last quarter. Hedge funds and other institutional investors own 32.74% of the company's stock.

Orchid Island Capital Stock Up 2.3 %

Shares of ORC traded up $0.15 during trading hours on Thursday, reaching $6.54. 2,488,992 shares of the company traded hands, compared to its average volume of 3,504,427. The stock has a fifty day simple moving average of $7.87 and a 200 day simple moving average of $7.89. Orchid Island Capital, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $9.01. The stock has a market capitalization of $609.68 million, a PE ratio of 10.91 and a beta of 1.68.

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

Orchid Island Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Wednesday, April 30th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 22.04%. Orchid Island Capital's dividend payout ratio (DPR) is 240.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. JMP Securities reiterated a "market perform" rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd. StockNews.com cut Orchid Island Capital from a "hold" rating to a "sell" rating in a report on Thursday, March 27th.

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.