Orchid Island Capital, Inc. (NYSE:ORC) Holdings Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in Orchid Island Capital, Inc. (NYSE:ORC) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,858 shares of the real estate investment trust’s stock after buying an additional 3,410 shares during the quarter. Nisa Investment Advisors LLC owned 0.06% of Orchid Island Capital worth $378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ORC. Geode Capital Management LLC boosted its stake in shares of Orchid Island Capital by 34.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,650,122 shares of the real estate investment trust’s stock worth $13,566,000 after acquiring an additional 421,718 shares in the last quarter. State Street Corp increased its stake in 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 valued at $8,952,000 after acquiring an additional 123,239 shares during the period. Van ECK Associates Corp boosted its stake in Orchid Island Capital by 39.6% in 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. boosted its position in Orchid Island Capital by 274.5% in 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 buying an additional 429,689 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Orchid Island Capital in the 3rd quarter valued at $3,903,000. 32.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd.

Orchid Island Capital Stock Performance

Shares of ORC opened at $7.89 on Thursday. The firm’s 50 day moving average price is $7.89 and its two-hundred day moving average price is $8.01. The firm has a market cap of $629.62 million, a P/E ratio of 7.51 and a beta of 1.82. Orchid Island Capital, Inc. has a twelve month low of $7.41 and a twelve month high of $9.08.

Orchid Island Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Friday, January 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.44 annualized dividend and a yield of 18.26%. Orchid Island Capital’s dividend payout ratio (DPR) is presently 137.14%.

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.