16,090 Shares in Orchid Island Capital, Inc. (NYSE:ORC) Acquired by AQR Capital Management LLC

AQR Capital Management LLC purchased a new position in shares of Orchid Island Capital, Inc. (NYSE:ORC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,090 shares of the real estate investment trust’s stock, valued at approximately $134,000.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in Orchid Island Capital during the second quarter worth $28,000. PNC Financial Services Group Inc. boosted its stake in Orchid Island Capital by 1,054.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,062 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 3,710 shares during the last quarter. EntryPoint Capital LLC boosted its stake in Orchid Island Capital by 101.8% during the first quarter. EntryPoint Capital LLC now owns 11,808 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 5,958 shares during the last quarter. Worth Asset Management LLC acquired a new position in Orchid Island Capital during the second quarter worth $123,000. Finally, Entropy Technologies LP acquired a new position in Orchid Island Capital during the first quarter worth $152,000. 32.74% of the stock is currently owned by hedge funds and other institutional investors.

Orchid Island Capital Price Performance

ORC opened at $8.16 on Friday. The stock’s 50-day moving average price is $8.11 and its 200 day moving average price is $8.32. Orchid Island Capital, Inc. has a 12-month low of $5.90 and a 12-month high of $9.08.

Orchid Island Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.44 annualized dividend and a yield of 17.65%. Orchid Island Capital’s dividend payout ratio (DPR) is -165.52%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Orchid Island Capital in a research note on Wednesday, August 28th.

About Orchid Island Capital

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.