Intech Investment Management LLC Purchases Shares of 14,678 Orchid Island Capital, Inc. (NYSE:ORC)

Intech Investment Management LLC purchased a new stake in Orchid Island Capital, Inc. (NYSE:ORC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,678 shares of the real estate investment trust’s stock, valued at approximately $121,000.

A number of other institutional investors have also modified their holdings of the company. Quest Partners LLC raised its position in shares of Orchid Island Capital by 385.2% in the third quarter. Quest Partners LLC now owns 124,352 shares of the real estate investment trust’s stock valued at $1,022,000 after buying an additional 98,723 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Orchid Island Capital in the third quarter valued at approximately $282,000. Wolverine Asset Management LLC acquired a new position in shares of Orchid Island Capital in the third quarter valued at approximately $3,903,000. Van ECK Associates Corp raised its position in shares of Orchid Island Capital by 39.6% in the third quarter. Van ECK Associates Corp now owns 695,131 shares of the real estate investment trust’s stock valued at $5,422,000 after buying an additional 197,052 shares during the last quarter. Finally, OmniStar Financial Group Inc. acquired a new position in shares of Orchid Island Capital in the third quarter valued at approximately $367,000. Institutional investors and hedge funds own 32.74% of the company’s stock.

Orchid Island Capital Stock Performance

Shares of ORC stock opened at $7.93 on Friday. Orchid Island Capital, Inc. has a one year low of $7.41 and a one year high of $9.08. The company has a 50 day moving average price of $7.85 and a 200 day moving average price of $8.15. The firm has a market capitalization of $621.83 million, a price-to-earnings ratio of 7.55 and a beta of 1.84.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). During the same quarter last year, the business posted ($0.28) EPS. As a group, equities analysts forecast that Orchid Island Capital, Inc. will post -0.25 EPS for the current fiscal year.

Orchid Island Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, November 29th will be given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 18.16%. The ex-dividend date is Friday, November 29th. Orchid Island Capital’s dividend payout ratio (DPR) is 137.14%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a research 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.