59,200 Shares in Orchid Island Capital, Inc. $ORC Purchased by Integrity Alliance LLC.

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. purchased a new position in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 59,200 shares of the real estate investment trust's stock, valued at approximately $445,000. Integrity Alliance LLC. owned 0.05% of Orchid Island Capital as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Rogco LP acquired a new stake in shares of Orchid Island Capital in the first quarter worth $28,000. US Bancorp DE boosted its holdings in Orchid Island Capital by 1,123.1% in the 1st quarter. US Bancorp DE now owns 3,816 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 3,504 shares during the period. Quarry LP acquired a new stake in Orchid Island Capital in the 1st quarter worth $50,000. Russell Investments Group Ltd. grew its position in Orchid Island Capital by 52.1% in the 1st quarter. Russell Investments Group Ltd. now owns 9,379 shares of the real estate investment trust's stock worth $71,000 after purchasing an additional 3,214 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of Orchid Island Capital during the 1st quarter worth about $84,000. 32.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Orchid Island Capital from a "hold" rating to a "strong sell" rating in a research report on Saturday, July 26th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Orchid Island Capital has a consensus rating of "Hold".

Orchid Island Capital Price Performance

Shares of Orchid Island Capital stock traded down $0.02 during trading on Thursday, hitting $7.15. 1,736,440 shares of the company's stock traded hands, compared to its average volume of 3,772,308. The company has a market cap of $1.04 billion, a PE ratio of 35.73 and a beta of 1.51. The firm's fifty day moving average price is $7.13 and its 200 day moving average price is $7.18. Orchid Island Capital, Inc. has a twelve month low of $5.68 and a twelve month high of $9.01.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $23.15 million during the quarter, compared to analyst estimates of $23.25 million. As a group, equities research analysts anticipate that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current year.

Orchid Island Capital Dividend Announcement

The business also recently declared a sep 25 dividend, which will be paid on Thursday, October 30th. Investors of record on Tuesday, September 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a yield of 2,000.0%. Orchid Island Capital's payout ratio is currently 720.00%.

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.