Renaissance Technologies LLC Decreases Holdings in Orchid Island Capital, Inc. (NYSE:ORC)

Renaissance Technologies LLC reduced its stake in Orchid Island Capital, Inc. (NYSE:ORC) by 88.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 30,880 shares of the real estate investment trust’s stock after selling 239,525 shares during the quarter. Renaissance Technologies LLC’s holdings in Orchid Island Capital were worth $258,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Orchid Island Capital by 3.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 46,909 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 1,642 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Orchid Island Capital by 2.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 70,444 shares of the real estate investment trust’s stock worth $588,000 after acquiring an additional 1,904 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Orchid Island Capital during the 2nd quarter worth $28,000. PNC Financial Services Group Inc. increased its holdings in Orchid Island Capital by 1,054.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,062 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 3,710 shares during the last quarter. Finally, EntryPoint Capital LLC raised its stake in Orchid Island Capital by 101.8% in the 1st quarter. EntryPoint Capital LLC now owns 11,808 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 5,958 shares during the period. Institutional investors own 32.74% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a research report on Wednesday, August 28th.

Orchid Island Capital Stock Down 0.9 %

Orchid Island Capital stock opened at $7.79 on Friday. The business has a 50-day simple moving average of $8.11 and a 200 day simple moving average of $8.35. Orchid Island Capital, Inc. has a 52 week low of $5.90 and a 52 week high of $9.08. The stock has a market cap of $412.67 million, a price-to-earnings ratio of -14.70 and a beta of 1.85.

Orchid Island Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 18.49%. The ex-dividend date of this dividend is Monday, September 30th. Orchid Island Capital’s payout ratio is currently -271.70%.

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.