Charles Schwab Investment Management Inc. Has $5.16 Million Holdings in Orchid Island Capital, Inc. (NYSE:ORC)

Charles Schwab Investment Management Inc. grew its position in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 663,655 shares of the real estate investment trust’s stock after acquiring an additional 77,435 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.83% of Orchid Island Capital worth $5,163,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. State Street Corp grew its position in Orchid Island Capital by 13.0% in the 3rd quarter. State Street Corp now owns 1,073,495 shares of the real estate investment trust’s stock valued at $8,952,000 after purchasing an additional 123,239 shares during the period. Barclays PLC lifted its stake in shares of Orchid Island Capital by 409.6% in the third quarter. Barclays PLC now owns 94,005 shares of the real estate investment trust’s stock valued at $773,000 after buying an additional 75,557 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Orchid Island Capital by 34.3% during the third 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. Los Angeles Capital Management LLC bought a new stake in shares of Orchid Island Capital during the fourth quarter worth about $646,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Orchid Island Capital by 7.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust’s stock worth $378,000 after acquiring an additional 3,410 shares during the last quarter. 32.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a report on Thursday, January 23rd. StockNews.com upgraded Orchid Island Capital from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th.

Orchid Island Capital Price Performance

Shares of ORC stock opened at $8.15 on Wednesday. Orchid Island Capital, Inc. has a one year low of $7.41 and a one year high of $9.08. The company has a market cap of $760.35 million, a P/E ratio of 13.58 and a beta of 1.90. The firm has a 50-day moving average of $8.33 and a 200-day moving average of $8.06.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings data 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. As a group, research analysts expect that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current fiscal year.

Orchid Island Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Monday, March 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.44 dividend on an annualized basis and a yield of 17.67%. Orchid Island Capital’s dividend payout ratio (DPR) is currently 240.00%.

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.