Avantax Advisory Services Inc. Has $106,000 Stock Holdings in Orchid Island Capital, Inc. (NYSE:ORC)

Avantax Advisory Services Inc. trimmed its stake in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 36.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,624 shares of the real estate investment trust’s stock after selling 7,724 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Orchid Island Capital were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ORC. Nisa Investment Advisors LLC lifted its position in shares of Orchid Island Capital by 7.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 3,410 shares during the period. The Manufacturers Life Insurance Company raised its stake in Orchid Island Capital by 29.0% during the third quarter. The Manufacturers Life Insurance Company now owns 26,466 shares of the real estate investment trust’s stock worth $218,000 after acquiring an additional 5,945 shares in the last quarter. SG Americas Securities LLC lifted 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 during the period. McIlrath & Eck LLC bought a new position in shares of Orchid Island Capital during the third quarter valued at $58,000. Finally, MetLife Investment Management LLC boosted its stake in shares of Orchid Island Capital by 32.6% in 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 purchasing an additional 10,032 shares in the last quarter. 32.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ORC shares. JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a research report on Thursday, January 23rd. StockNews.com cut shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a research note on Thursday.

Orchid Island Capital Stock Down 0.3 %

Orchid Island Capital stock opened at $7.96 on Friday. The stock has a 50-day simple moving average of $8.33 and a 200 day simple moving average of $8.06. The stock has a market capitalization of $742.15 million, a price-to-earnings ratio of 13.26 and a beta of 1.90. Orchid Island Capital, Inc. has a 12-month low of $7.41 and a 12-month high of $9.01.

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

Orchid Island Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Monday, March 31st will be given a dividend of $0.12 per share. The ex-dividend date is Monday, March 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 18.10%. Orchid Island Capital’s payout ratio is currently 240.00%.

Orchid Island Capital Company 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.