Global Retirement Partners LLC Raises Position in Orchid Island Capital, Inc. (NYSE:ORC)

Global Retirement Partners LLC boosted its stake in Orchid Island Capital, Inc. (NYSE:ORC) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,109 shares of the real estate investment trust’s stock after buying an additional 1,305 shares during the period. Global Retirement Partners LLC owned 0.12% of Orchid Island Capital worth $519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in Orchid Island Capital in the second quarter worth about $28,000. PNC Financial Services Group Inc. lifted its holdings in Orchid Island Capital by 1,054.0% in 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 period. EntryPoint Capital LLC lifted its holdings in Orchid Island Capital by 101.8% in 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 period. Prairie Sky Financial Group LLC purchased a new stake in Orchid Island Capital in the third quarter worth about $105,000. Finally, Worth Asset Management LLC purchased a new position in shares of Orchid Island Capital during the second quarter valued at approximately $123,000. 32.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Orchid Island Capital Stock Performance

ORC stock opened at $7.99 on Tuesday. The firm has a 50 day moving average price of $8.11 and a 200-day moving average price of $8.31. Orchid Island Capital, Inc. has a 52-week low of $5.90 and a 52-week high of $9.08. The firm has a market capitalization of $423.26 million, a price-to-earnings ratio of -15.08 and a beta of 1.85.

Orchid Island Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, October 31st will be issued a $0.12 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.44 dividend on an annualized basis and a yield of 18.02%. Orchid Island Capital’s payout ratio is currently -271.70%.

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.