Jane Street Group LLC Sells 34,509 Shares of Orchid Island Capital, Inc. (NYSE:ORC)

Jane Street Group LLC lessened its holdings in Orchid Island Capital, Inc. (NYSE:ORC) by 39.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,370 shares of the real estate investment trust’s stock after selling 34,509 shares during the period. Jane Street Group LLC owned 0.07% of Orchid Island Capital worth $439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ORC. State Street Corp increased its stake in shares of Orchid Island Capital by 13.0% in the third quarter. State Street Corp now owns 1,073,495 shares of the real estate investment trust’s stock worth $8,952,000 after buying an additional 123,239 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Orchid Island Capital by 39.6% during the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Orchid Island Capital by 274.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 586,220 shares of the real estate investment trust’s stock valued at $4,819,000 after purchasing an additional 429,689 shares in the last quarter. Wolverine Asset Management LLC bought a new position in Orchid Island Capital during the 3rd quarter valued at approximately $3,903,000. Finally, Cetera Investment Advisers increased its holdings in shares of Orchid Island Capital by 10.2% in the 2nd quarter. Cetera Investment Advisers now owns 183,678 shares of the real estate investment trust’s stock worth $1,532,000 after purchasing an additional 17,029 shares in the last quarter. Hedge funds and other institutional investors own 32.74% of the company’s stock.

Orchid Island Capital Price Performance

ORC stock opened at $7.88 on Tuesday. The company has a market cap of $629.22 million, a P/E ratio of 7.50 and a beta of 1.82. The stock’s fifty day moving average price is $7.84 and its 200-day moving average price is $8.07. Orchid Island Capital, Inc. has a 1 year low of $7.41 and a 1 year high of $9.08.

Orchid Island Capital (NYSE:ORC) last released its 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 in the previous year, the company posted ($0.28) earnings per share. As a group, analysts expect that Orchid Island Capital, Inc. will post -0.25 earnings per share for the current year.

Orchid Island Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.44 annualized dividend and a dividend yield of 18.27%. Orchid Island Capital’s dividend payout ratio is currently 137.14%.

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.