Barclays PLC Boosts Stock Position in Orchid Island Capital, Inc. (NYSE:ORC)

Barclays PLC lifted its position in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 409.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,005 shares of the real estate investment trust’s stock after purchasing an additional 75,557 shares during the period. Barclays PLC’s holdings in Orchid Island Capital were worth $773,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC purchased a new stake in Orchid Island Capital in the third quarter worth about $58,000. Geode Capital Management LLC boosted its position in Orchid Island Capital by 34.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,650,122 shares of the real estate investment trust’s stock valued at $13,566,000 after acquiring an additional 421,718 shares in the last quarter. State Street Corp boosted its position in Orchid Island Capital by 13.0% during the 3rd quarter. State Street Corp now owns 1,073,495 shares of the real estate investment trust’s stock valued at $8,952,000 after acquiring an additional 123,239 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Orchid Island Capital during the 3rd quarter valued at approximately $90,000. Finally, MetLife Investment Management LLC boosted its position in Orchid Island Capital by 32.6% during 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 acquiring an additional 10,032 shares in the last quarter. 32.74% of the stock is currently owned by hedge funds and other institutional investors.

Orchid Island Capital Stock Performance

Orchid Island Capital stock opened at $7.83 on Thursday. The stock’s 50 day simple moving average is $7.86 and its two-hundred day simple moving average is $8.03. The stock has a market cap of $625.23 million, a price-to-earnings ratio of 7.46 and a beta of 1.82. Orchid Island Capital, Inc. has a fifty-two week low of $7.41 and a fifty-two week 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) earnings per share for the quarter, meeting the consensus estimate of ($0.05). During the same period in the prior year, the firm earned ($0.28) EPS. On average, analysts predict that Orchid Island Capital, Inc. will post -0.25 earnings per share for the current year.

Orchid Island Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Friday, January 31st will be given a dividend of $0.12 per share. The ex-dividend date is Friday, January 31st. This represents a $1.44 annualized dividend and a yield of 18.39%. Orchid Island Capital’s payout ratio is 137.14%.

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.