25,629 Shares in Orchid Island Capital, Inc. (NYSE:ORC) Purchased by Quest Partners LLC

Quest Partners LLC bought a new position in shares of Orchid Island Capital, Inc. (NYSE:ORC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 25,629 shares of the real estate investment trust’s stock, valued at approximately $214,000.

Other institutional investors have also recently made changes to their positions in the company. EMG Holdings L.P. bought a new stake in Orchid Island Capital in the 4th quarter worth approximately $4,364,000. Van ECK Associates Corp increased its stake in Orchid Island Capital by 25.0% in the 2nd quarter. Van ECK Associates Corp now owns 498,079 shares of the real estate investment trust’s stock worth $4,154,000 after acquiring an additional 99,713 shares during the last quarter. Significant Wealth Partners LLC increased its stake in Orchid Island Capital by 266.8% in the 1st quarter. Significant Wealth Partners LLC now owns 459,194 shares of the real estate investment trust’s stock worth $4,101,000 after acquiring an additional 334,002 shares during the last quarter. TrueMark Investments LLC bought a new stake in Orchid Island Capital in the 2nd quarter worth approximately $3,194,000. Finally, CastleKnight Management LP bought a new stake in Orchid Island Capital in the 4th quarter worth approximately $1,791,000. Hedge funds and other institutional investors own 32.74% of the company’s stock.

Orchid Island Capital Stock Performance

Shares of Orchid Island Capital stock opened at $8.32 on Monday. The stock has a market cap of $593.55 million, a price-to-earnings ratio of -15.70 and a beta of 1.85. The stock has a 50 day moving average price of $8.24 and a 200-day moving average price of $8.43. Orchid Island Capital, Inc. has a one year low of $5.90 and a one year high of $9.62.

Orchid Island Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 30th. Investors of record on Monday, September 30th will be issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 17.31%. The ex-dividend date is Monday, September 30th. Orchid Island Capital’s payout ratio is currently -271.70%.

Analysts Set New Price Targets

ORC has been the subject of a number of recent research reports. Janney Montgomery Scott initiated coverage on Orchid Island Capital in a report on Thursday, June 6th. They issued a “buy” rating and a $9.50 target price for the company. JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a 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.