Integrity Alliance LLC. Takes Position in Orchid Island Capital, Inc. $ORC

Key Points

• Integrity Alliance LLC acquired a new stake in Orchid Island Capital, purchasing 59,200 shares valued at approximately $445,000 during the first quarter.
• Orchid Island Capital's stock recently opened at $7.08, with a market cap of $1.03 billion and a PE ratio of 35.38.
• The company announced a dividend of $0.12 per share, with a yield of 2,000.0%, to be paid on October 30th.

Integrity Alliance LLC. bought a new stake in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 59,200 shares of the real estate investment trust's stock, valued at approximately $445,000. Integrity Alliance LLC. owned approximately 0.05% of Orchid Island Capital at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ORC. Rogco LP purchased a new position in shares of Orchid Island Capital in the first quarter valued at approximately $28,000. US Bancorp DE lifted its position in shares of Orchid Island Capital by 1,123.1% in the first quarter. US Bancorp DE now owns 3,816 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 3,504 shares in the last quarter. Quarry LP purchased a new position in shares of Orchid Island Capital in the first quarter valued at approximately $50,000. Russell Investments Group Ltd. lifted its position in shares of Orchid Island Capital by 52.1% in the first quarter. Russell Investments Group Ltd. now owns 9,379 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 3,214 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Orchid Island Capital in the first quarter valued at approximately $84,000. Hedge funds and other institutional investors own 32.74% of the company's stock.

Orchid Island Capital Stock Performance

NYSE:ORC opened at $7.08 on Friday. Orchid Island Capital, Inc. has a one year low of $5.68 and a one year high of $9.01. The stock has a market cap of $1.03 billion, a PE ratio of 35.38 and a beta of 1.51. The stock has a 50 day moving average price of $7.13 and a 200 day moving average price of $7.22.

Orchid Island Capital (NYSE:ORC - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $23.15 million during the quarter, compared to analyst estimates of $23.25 million. As a group, analysts predict that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current fiscal year.

Orchid Island Capital Announces Dividend

The firm also recently announced a sep 25 dividend, which will be paid on Thursday, October 30th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a yield of 2,000.0%. Orchid Island Capital's dividend payout ratio (DPR) is 720.00%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Orchid Island Capital from a "hold" rating to a "strong sell" rating in a report on Saturday, July 26th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

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.

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