Orchid Island Capital, Inc. (NYSE:ORC) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its holdings in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 682,491 shares of the real estate investment trust's stock after acquiring an additional 98,030 shares during the quarter. Northern Trust Corp owned approximately 0.85% of Orchid Island Capital worth $5,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORC. JPMorgan Chase & Co. boosted its stake in shares of Orchid Island Capital by 89.6% during the third quarter. JPMorgan Chase & Co. now owns 61,525 shares of the real estate investment trust's stock valued at $506,000 after purchasing an additional 29,073 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Orchid Island Capital by 7.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust's stock valued at $378,000 after acquiring an additional 3,410 shares in the last quarter. SG Americas Securities LLC boosted its position in Orchid Island Capital by 23.2% during the 4th quarter. SG Americas Securities LLC now owns 32,727 shares of the real estate investment trust's stock valued at $255,000 after acquiring an additional 6,173 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Orchid Island Capital in the 4th quarter valued at $176,000. Finally, Van ECK Associates Corp raised its position in shares of Orchid Island Capital by 12.5% in the 4th quarter. Van ECK Associates Corp now owns 782,255 shares of the real estate investment trust's stock worth $6,086,000 after acquiring an additional 87,124 shares in the last quarter. 32.74% of the stock is currently owned by institutional investors.

Orchid Island Capital Stock Performance

NYSE:ORC traded up $0.04 during mid-day trading on Monday, hitting $6.93. 2,688,427 shares of the company's stock traded hands, compared to its average volume of 2,579,273. The company has a fifty day moving average of $7.04 and a 200 day moving average of $7.73. Orchid Island Capital, Inc. has a twelve month low of $5.69 and a twelve month high of $9.01. The company has a market capitalization of $756.35 million, a P/E ratio of 11.54 and a beta of 1.54.

Orchid Island Capital (NYSE:ORC - Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $11.96 million. On average, 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 announced 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. The ex-dividend date is Friday, May 30th. This represents a $1.44 dividend on an annualized basis and a yield of 20.79%. Orchid Island Capital's dividend payout ratio (DPR) is 360.00%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ORC. Jones Trading reiterated a "hold" rating on shares of Orchid Island Capital in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of Orchid Island Capital from a "sell" rating to a "hold" rating in a report on Friday, May 16th.

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.