CastleKnight Management LP Sells 41,200 Shares of Orchid Island Capital, Inc. (NYSE:ORC)

CastleKnight Management LP decreased its position in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 158,468 shares of the real estate investment trust's stock after selling 41,200 shares during the period. CastleKnight Management LP owned approximately 0.20% of Orchid Island Capital worth $1,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its position in shares of Orchid Island Capital by 32.8% during the 4th quarter. Russell Investments Group Ltd. now owns 6,165 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 1,522 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Orchid Island Capital by 73.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,119 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 3,012 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Orchid Island Capital during the 4th quarter worth about $82,000. Mariner LLC purchased a new position in Orchid Island Capital during the fourth quarter valued at approximately $82,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Orchid Island Capital in the fourth quarter worth $94,000. 32.74% of the stock is owned by institutional investors.

Orchid Island Capital Stock Performance

Shares of NYSE ORC traded down $0.01 during midday trading on Friday, reaching $7.16. 2,933,931 shares of the company traded hands, compared to its average volume of 2,503,781. The stock's 50-day simple moving average is $7.31 and its 200-day simple moving average is $7.78. Orchid Island Capital, Inc. has a 12 month low of $5.69 and a 12 month high of $9.01. The firm has a market cap of $763.78 million, a PE ratio of 11.93 and a beta of 1.54.

Orchid Island Capital (NYSE:ORC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $19.71 million during the quarter, compared to analysts' expectations of $11.96 million. On average, equities research analysts expect that Orchid Island Capital, Inc. will post 0.37 EPS for the current year.

Orchid Island Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 20.11%. The ex-dividend date is Friday, May 30th. Orchid Island Capital's dividend payout ratio (DPR) is currently 360.00%.

Analyst Ratings Changes

ORC has been the subject of a number of recent research reports. StockNews.com upgraded shares of Orchid Island Capital from a "sell" rating to a "hold" rating in a report on Wednesday. Jones Trading reiterated a "hold" rating on shares of Orchid Island Capital in a research note on Wednesday, April 30th. Finally, JMP Securities reissued a "market perform" rating on shares of Orchid Island Capital in a research report on Thursday, January 23rd.

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.