Orchid Island Capital, Inc. (NYSE:ORC) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 8.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,740 shares of the real estate investment trust’s stock after buying an additional 6,796 shares during the period. Rhumbline Advisers’ holdings in Orchid Island Capital were worth $707,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EMG Holdings L.P. purchased a new stake in shares of Orchid Island Capital during the 4th quarter worth about $4,364,000. Van ECK Associates Corp increased its stake in shares of Orchid Island Capital by 25.0% in the 2nd quarter. Van ECK Associates Corp now owns 498,079 shares of the real estate investment trust’s stock valued at $4,154,000 after purchasing an additional 99,713 shares in the last quarter. Significant Wealth Partners LLC raised its holdings in Orchid Island Capital by 266.8% in the 1st quarter. Significant Wealth Partners LLC now owns 459,194 shares of the real estate investment trust’s stock worth $4,101,000 after purchasing an additional 334,002 shares during the period. TrueMark Investments LLC purchased a new position in Orchid Island Capital during the second quarter worth approximately $3,194,000. Finally, CastleKnight Management LP acquired a new stake in Orchid Island Capital in the fourth quarter valued at approximately $1,791,000. Institutional investors and hedge funds own 32.74% of the company’s stock.

Orchid Island Capital Trading Up 2.5 %

Shares of Orchid Island Capital stock opened at $8.12 on Wednesday. Orchid Island Capital, Inc. has a twelve month low of $5.90 and a twelve month high of $9.11. The firm has a market capitalization of $429.88 million, a PE ratio of -15.31 and a beta of 1.85. The firm’s 50-day moving average price is $8.20 and its 200 day moving average price is $8.42.

Orchid Island Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 17.74%. Orchid Island Capital’s dividend payout ratio (DPR) is presently -271.70%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. JMP Securities reaffirmed a “market perform” rating on shares of Orchid Island Capital in a research note on Wednesday, August 28th. Janney Montgomery Scott initiated coverage on shares of Orchid Island Capital in a research report on Thursday, June 6th. They set a “buy” rating and a $9.50 price objective for the company.

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.