Stock Traders Buy Large Volume of Put Options on Orchid Island Capital (NYSE:ORC)

Orchid Island Capital, Inc. (NYSE:ORC) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 2,068 put options on the company. This is an increase of approximately 1,399% compared to the typical volume of 138 put options.

Hedge Funds Weigh In On Orchid Island Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Orchid Island Capital by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,120,928 shares of the real estate investment trust’s stock worth $18,049,000 after purchasing an additional 53,652 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in Orchid Island Capital in the third quarter valued at $4,648,000. EMG Holdings L.P. acquired a new position in shares of Orchid Island Capital during the fourth quarter valued at $4,364,000. Significant Wealth Partners LLC grew its position in shares of Orchid Island Capital by 266.8% during the first quarter. Significant Wealth Partners LLC now owns 459,194 shares of the real estate investment trust’s stock worth $4,101,000 after acquiring an additional 334,002 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Orchid Island Capital by 12.6% in the 4th quarter. Van ECK Associates Corp now owns 403,659 shares of the real estate investment trust’s stock worth $3,403,000 after acquiring an additional 45,279 shares during the period. 32.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ORC has been the subject of several recent research reports. Janney Montgomery Scott initiated coverage on shares of Orchid Island Capital in a research report on Thursday, June 6th. They issued a “buy” rating and a $9.50 price objective for the company. JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, April 18th.

Orchid Island Capital Trading Down 0.2 %

Shares of NYSE:ORC opened at $8.32 on Thursday. Orchid Island Capital has a 12-month low of $5.90 and a 12-month high of $11.27. The firm has a market cap of $440.45 million, a PE ratio of -15.69 and a beta of 1.86. The company has a fifty day simple moving average of $8.49 and a 200 day simple moving average of $8.51.

Orchid Island Capital (NYSE:ORC) last released its earnings results on Friday, April 26th. The real estate investment trust reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). During the same period in the prior year, the company posted ($0.24) EPS. As a group, equities research analysts forecast that Orchid Island Capital will post -0.34 EPS for the current fiscal year.

Orchid Island Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 30th. Investors of record on Friday, June 28th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, June 28th. This represents a $1.44 annualized dividend and a yield of 17.32%. Orchid Island Capital’s dividend payout ratio (DPR) is -271.70%.

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.