Barclays PLC Purchases 75,557 Shares of Orchid Island Capital, Inc. (NYSE:ORC)

Barclays PLC boosted its position in Orchid Island Capital, Inc. (NYSE:ORC) by 409.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,005 shares of the real estate investment trust’s stock after acquiring an additional 75,557 shares during the quarter. Barclays PLC owned 0.12% of Orchid Island Capital worth $773,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC bought a new position in shares of Orchid Island Capital during the third quarter valued at about $58,000. Quadrature Capital Ltd bought a new position in shares of Orchid Island Capital during the third quarter valued at about $90,000. Prairie Sky Financial Group LLC bought a new position in shares of Orchid Island Capital during the third quarter valued at about $105,000. Intech Investment Management LLC bought a new position in shares of Orchid Island Capital during the third quarter valued at about $121,000. Finally, AQR Capital Management LLC bought a new position in shares of Orchid Island Capital during the second quarter valued at about $134,000. Institutional investors own 32.74% of the company’s stock.

Orchid Island Capital Trading Up 1.4 %

Shares of NYSE:ORC opened at $7.83 on Thursday. The stock’s 50-day moving average price is $7.86 and its 200-day moving average price is $8.03. Orchid Island Capital, Inc. has a 12-month low of $7.41 and a 12-month high of $9.08. The stock has a market capitalization of $625.23 million, a P/E ratio of 7.46 and a beta of 1.82.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). During the same period in the prior year, the firm earned ($0.28) EPS. As a group, research analysts predict that Orchid Island Capital, Inc. will post -0.25 EPS for the current year.

Orchid Island Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, January 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 18.39%. Orchid Island Capital’s dividend payout ratio is currently 137.14%.

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.