Graham Capital Management L.P. reduced its stake in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 69.3% during the fourth quarter, according to the company in its most recent filing 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 period. Graham Capital Management L.P.'s holdings in Orchid Island Capital were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its stake in Orchid Island Capital by 32.8% in 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 last quarter. Tower Research Capital LLC TRC increased its holdings 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 worth $55,000 after buying an additional 3,012 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Orchid Island Capital in the 4th quarter valued at $82,000. Mariner LLC acquired a new stake in shares of Orchid Island Capital during the 4th quarter valued at $82,000. Finally, Two Sigma Securities LLC bought a new stake in Orchid Island Capital during the 4th quarter worth $94,000. 32.74% of the stock is currently owned by institutional investors and hedge funds.
Orchid Island Capital Stock Up 0.4%
NYSE ORC opened at $7.18 on Friday. The company has a market capitalization of $784.42 million, a price-to-earnings ratio of 11.97 and a beta of 1.54. Orchid Island Capital, Inc. has a twelve month low of $5.69 and a twelve month high of $9.01. The stock has a fifty day simple moving average of $7.20 and a 200 day simple moving average of $7.75.
Orchid Island Capital (NYSE:ORC - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $19.71 million during the quarter, compared to the consensus estimate of $11.96 million. Research analysts expect that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current fiscal 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 issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.44 annualized dividend and a yield of 20.05%. Orchid Island Capital's payout ratio is 360.00%.
Analyst Ratings Changes
Several equities analysts have commented on ORC shares. Jones Trading reiterated a "hold" rating on shares of Orchid Island Capital in a research report on Wednesday, April 30th. JMP Securities reiterated a "market perform" rating on shares of Orchid Island Capital in a report on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Orchid Island Capital from a "sell" rating to a "hold" rating in a research report on Friday.
Read Our Latest Report on Orchid Island Capital
Orchid Island Capital Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding ORC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orchid Island Capital, Inc. (NYSE:ORC - Free Report).
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