Orchid Island Capital, Inc. (NYSE:ORC) Position Lifted by Van ECK Associates Corp

Van ECK Associates Corp raised its stake in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 12.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 782,255 shares of the real estate investment trust’s stock after acquiring an additional 87,124 shares during the quarter. Van ECK Associates Corp owned approximately 0.98% of Orchid Island Capital worth $6,086,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC boosted its stake in Orchid Island Capital by 2.1% during the 3rd quarter. Global Retirement Partners LLC now owns 63,109 shares of the real estate investment trust’s stock valued at $519,000 after acquiring an additional 1,305 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Orchid Island Capital by 7.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust’s stock valued at $378,000 after acquiring an additional 3,410 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Orchid Island Capital by 29.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 26,466 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 5,945 shares during the last quarter. SG Americas Securities LLC boosted its stake in Orchid Island Capital by 23.2% during the 4th quarter. SG Americas Securities LLC now owns 32,727 shares of the real estate investment trust’s stock valued at $255,000 after acquiring an additional 6,173 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new position in Orchid Island Capital during the 3rd quarter valued at $58,000. 32.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Orchid Island Capital Trading Up 2.4 %

NYSE:ORC opened at $8.77 on Tuesday. Orchid Island Capital, Inc. has a twelve month low of $7.41 and a twelve month high of $9.08. The company has a 50-day moving average of $8.01 and a 200-day moving average of $7.99. The firm has a market cap of $699.89 million, a price-to-earnings ratio of 14.61 and a beta of 1.83.

Orchid Island Capital (NYSE:ORC) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.08. On average, research analysts forecast that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current year.

Orchid Island Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 16.43%. The ex-dividend date of this dividend is Friday, February 28th. Orchid Island Capital’s payout ratio is presently 240.00%.

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.