Avantax Advisory Services Inc. Has $106,000 Position in Orchid Island Capital, Inc. (NYSE:ORC)

Avantax Advisory Services Inc. lessened its stake in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 36.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,624 shares of the real estate investment trust’s stock after selling 7,724 shares during the period. Avantax Advisory Services Inc.’s holdings in Orchid Island Capital were worth $106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in shares of Orchid Island Capital by 7.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 3,410 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Orchid Island Capital by 29.0% during the third quarter. The Manufacturers Life Insurance Company now owns 26,466 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 5,945 shares during the period. SG Americas Securities LLC grew its position in shares of Orchid Island Capital by 23.2% in the fourth quarter. SG Americas Securities LLC now owns 32,727 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 6,173 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of Orchid Island Capital in the third quarter worth about $58,000. Finally, MetLife Investment Management LLC increased its stake in shares of Orchid Island Capital by 32.6% in the third quarter. MetLife Investment Management LLC now owns 40,851 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 10,032 shares during the period. Institutional investors and hedge funds own 32.74% of the company’s stock.

Analyst Upgrades and Downgrades

ORC has been the subject of several recent analyst reports. JMP Securities restated a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a research note on Thursday.

Orchid Island Capital Stock Performance

NYSE:ORC opened at $7.96 on Friday. The firm’s 50-day moving average is $8.33 and its 200-day moving average is $8.06. The company has a market cap of $742.15 million, a price-to-earnings ratio of 13.26 and a beta of 1.90. Orchid Island Capital, Inc. has a 52-week low of $7.41 and a 52-week high of $9.01.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.08. Equities analysts predict that Orchid Island Capital, Inc. will post 0.37 EPS for the current year.

Orchid Island Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Monday, March 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.44 annualized dividend and a yield of 18.10%. 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.