Proficio Capital Partners LLC Purchases New Position in Orchid Island Capital, Inc. (NYSE:ORC)

Proficio Capital Partners LLC bought a new position in Orchid Island Capital, Inc. (NYSE:ORC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,503 shares of the real estate investment trust’s stock, valued at approximately $82,000.

A number of other large investors have also added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its stake in Orchid Island Capital by 7.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust’s stock worth $378,000 after purchasing an additional 3,410 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position 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 buying an additional 5,945 shares during the period. SG Americas Securities LLC raised its holdings in shares of Orchid Island Capital by 23.2% during the fourth 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 in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Orchid Island Capital during the 3rd quarter worth approximately $58,000. Finally, MetLife Investment Management LLC lifted its position in Orchid Island Capital by 32.6% during the 3rd quarter. MetLife Investment Management LLC now owns 40,851 shares of the real estate investment trust’s stock valued at $336,000 after acquiring an additional 10,032 shares during the period. Hedge funds and other institutional investors own 32.74% of the company’s stock.

Orchid Island Capital Stock Performance

Shares of Orchid Island Capital stock opened at $8.19 on Friday. The stock has a 50 day moving average price of $8.25 and a 200-day moving average price of $8.06. The stock has a market cap of $763.61 million, a price-to-earnings ratio of 13.64 and a beta of 1.90. Orchid Island Capital, Inc. has a one year low of $7.41 and a one year high of $9.08.

Orchid Island Capital (NYSE:ORC) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. Sell-side analysts predict that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current fiscal year.

Orchid Island Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.59%. The ex-dividend date of this dividend is Friday, February 28th. Orchid Island Capital’s payout ratio is currently 240.00%.

Wall Street Analyst Weigh In

ORC has been the topic of several recent analyst reports. StockNews.com downgraded Orchid Island Capital from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. JMP Securities reaffirmed a “market perform” rating on shares of Orchid Island Capital in a report on Thursday, January 23rd.

Orchid Island Capital 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.