SG Americas Securities LLC Buys 6,173 Shares of Orchid Island Capital, Inc. (NYSE:ORC)

SG Americas Securities LLC boosted its stake in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 23.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,727 shares of the real estate investment trust’s stock after purchasing an additional 6,173 shares during the period. SG Americas Securities LLC’s holdings in Orchid Island Capital were worth $255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORC. Geode Capital Management LLC increased its position in shares of Orchid Island Capital by 34.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,650,122 shares of the real estate investment trust’s stock valued at $13,566,000 after purchasing an additional 421,718 shares during the last quarter. State Street Corp increased its holdings in Orchid Island Capital by 13.0% during the third quarter. State Street Corp now owns 1,073,495 shares of the real estate investment trust’s stock valued at $8,952,000 after buying an additional 123,239 shares during the last quarter. Van ECK Associates Corp raised its position in Orchid Island Capital by 39.6% in the third quarter. Van ECK Associates Corp now owns 695,131 shares of the real estate investment trust’s stock worth $5,422,000 after acquiring an additional 197,052 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Orchid Island Capital by 274.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,220 shares of the real estate investment trust’s stock worth $4,819,000 after acquiring an additional 429,689 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of Orchid Island Capital during the 3rd quarter worth $3,903,000. Hedge funds and other institutional investors own 32.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd.

Orchid Island Capital Price Performance

Shares of NYSE:ORC opened at $8.30 on Friday. The company has a market capitalization of $662.36 million, a P/E ratio of 13.83 and a beta of 1.83. Orchid Island Capital, Inc. has a 1-year low of $7.41 and a 1-year high of $9.08. The firm’s 50 day simple moving average is $7.93 and its two-hundred day simple moving average is $7.99.

Orchid Island Capital (NYSE:ORC) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. On average, sell-side analysts anticipate that Orchid Island Capital, Inc. will post 0.22 earnings per share for the current fiscal year.

Orchid Island Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, January 31st will be paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.36%. The ex-dividend date is Friday, January 31st. Orchid Island Capital’s dividend payout ratio (DPR) is 240.00%.

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.