474,855 Shares in Orchid Island Capital, Inc. (NYSE:ORC) Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC bought a new position in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 474,855 shares of the real estate investment trust's stock, valued at approximately $3,903,000. Wolverine Asset Management LLC owned about 0.61% of Orchid Island Capital as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ORC. Entropy Technologies LP purchased a new stake in shares of Orchid Island Capital during the 1st quarter valued at about $152,000. EntryPoint Capital LLC grew its stake in shares of Orchid Island Capital by 101.8% during the 1st quarter. EntryPoint Capital LLC now owns 11,808 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 5,958 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Orchid Island Capital by 3.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,909 shares of the real estate investment trust's stock valued at $419,000 after purchasing an additional 1,642 shares during the last quarter. Cetera Advisors LLC increased its position in shares of Orchid Island Capital by 5.2% during the 1st quarter. Cetera Advisors LLC now owns 165,369 shares of the real estate investment trust's stock valued at $1,477,000 after purchasing an additional 8,115 shares during the last quarter. Finally, Worth Asset Management LLC purchased a new position in Orchid Island Capital during the second quarter worth $123,000. Hedge funds and other institutional investors own 32.74% of the company's stock.

Orchid Island Capital Stock Performance

ORC stock traded down $0.05 during midday trading on Monday, reaching $7.86. The company's stock had a trading volume of 994,525 shares, compared to its average volume of 1,623,952. The firm has a market capitalization of $616.38 million, a price-to-earnings ratio of 7.53 and a beta of 1.85. Orchid Island Capital, Inc. has a 1 year low of $6.73 and a 1 year high of $9.08. The stock has a fifty day simple moving average of $7.99 and a two-hundred day simple moving average of $8.25.

Orchid Island Capital (NYSE:ORC - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). During the same quarter in the prior year, the business posted ($0.28) EPS. As a group, analysts forecast that Orchid Island Capital, Inc. will post -0.25 EPS for the current fiscal year.

Orchid Island Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, October 31st will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 18.32%. The ex-dividend date is Thursday, October 31st. Orchid Island Capital's payout ratio is currently 137.14%.

Analysts Set New Price Targets

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

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.