Intech Investment Management LLC Invests $121,000 in Orchid Island Capital, Inc. (NYSE:ORC)

Intech Investment Management LLC acquired a new position in Orchid Island Capital, Inc. (NYSE:ORC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,678 shares of the real estate investment trust’s stock, valued at approximately $121,000.

Several other large investors also recently made changes to their positions in the business. Van ECK Associates Corp increased its position in shares of Orchid Island Capital by 39.6% in the third quarter. Van ECK Associates Corp now owns 695,131 shares of the real estate investment trust’s stock worth $5,422,000 after acquiring an additional 197,052 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Orchid Island Capital in the third quarter valued at $3,903,000. TrueMark Investments LLC purchased a new position in shares of Orchid Island Capital in the second quarter valued at $3,194,000. Cetera Investment Advisers boosted its stake in shares of Orchid Island Capital by 10.2% in the second quarter. Cetera Investment Advisers now owns 183,678 shares of the real estate investment trust’s stock valued at $1,532,000 after purchasing an additional 17,029 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Orchid Island Capital by 12.9% in the second quarter. Bank of New York Mellon Corp now owns 169,547 shares of the real estate investment trust’s stock valued at $1,414,000 after purchasing an additional 19,338 shares during the period. Institutional investors and hedge funds own 32.74% of the company’s stock.

Orchid Island Capital Trading Up 1.5 %

Shares of ORC stock opened at $7.93 on Friday. The company has a market capitalization of $621.83 million, a PE ratio of 7.55 and a beta of 1.84. The firm has a fifty day simple moving average of $7.85 and a 200-day simple moving average of $8.15. Orchid Island Capital, Inc. has a twelve month low of $7.41 and a twelve month high of $9.08.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). During the same quarter in the prior year, the company earned ($0.28) EPS. Equities research analysts predict that Orchid Island Capital, Inc. will post -0.25 EPS for the current year.

Orchid Island Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.44 dividend on an annualized basis and a yield of 18.16%. Orchid Island Capital’s dividend payout ratio (DPR) is 137.14%.

Wall Street Analyst Weigh In

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

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.