Graham Capital Management L.P. Sells 88,649 Shares of Orchid Island Capital, Inc. (NYSE:ORC)

Graham Capital Management L.P. trimmed its position in shares of Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 69.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,362 shares of the real estate investment trust's stock after selling 88,649 shares during the quarter. Graham Capital Management L.P.'s holdings in Orchid Island Capital were worth $306,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in shares of Orchid Island Capital by 32.8% during the fourth 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Orchid Island Capital by 73.3% during 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. Nisa Investment Advisors LLC boosted its stake in shares of Orchid Island Capital by 7.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust's stock valued at $378,000 after purchasing an additional 3,410 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Orchid Island Capital by 17.6% during the fourth quarter. Deutsche Bank AG now owns 36,869 shares of the real estate investment trust's stock valued at $287,000 after purchasing an additional 5,530 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake 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 purchasing an additional 6,173 shares in the last quarter. 32.74% of the stock is owned by institutional investors and hedge funds.

Orchid Island Capital Price Performance

Shares of Orchid Island Capital stock traded up $0.04 during midday trading on Friday, reaching $6.93. The company had a trading volume of 2,688,427 shares, compared to its average volume of 2,573,133. The stock has a fifty day moving average price of $7.07 and a 200 day moving average price of $7.73. The firm has a market cap of $756.35 million, a PE ratio of 11.54 and a beta of 1.54. Orchid Island Capital, Inc. has a fifty-two week low of $5.69 and a fifty-two week high of $9.01.

Orchid Island Capital (NYSE:ORC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The company had revenue of $19.71 million during the quarter, compared to the consensus estimate of $11.96 million. As a group, sell-side analysts forecast that Orchid Island Capital, Inc. will post 0.37 EPS for the current year.

Orchid Island Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 20.79%. The ex-dividend date of this dividend is Friday, May 30th. Orchid Island Capital's dividend payout ratio is currently 360.00%.

Analyst Ratings Changes

ORC has been the topic of a number of recent research reports. JMP Securities reissued a "market perform" rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd. Wall Street Zen raised Orchid Island Capital from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, Jones Trading reaffirmed a "hold" rating on shares of Orchid Island Capital in a research note on Wednesday, April 30th.

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.