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

Nuveen LLC acquired a new stake in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 126,250 shares of the real estate investment trust's stock, valued at approximately $949,000. Nuveen LLC owned 0.12% of Orchid Island Capital as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rogco LP acquired a new stake in shares of Orchid Island Capital in the first quarter valued at $28,000. US Bancorp DE lifted its holdings in shares of Orchid Island Capital by 1,123.1% during the first 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 last quarter. Tower Research Capital LLC TRC lifted 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 valued at $55,000 after purchasing an additional 3,012 shares during the last quarter. Mariner LLC purchased a new stake in shares of Orchid Island Capital during the fourth quarter valued at $82,000. Finally, Victory Capital Management Inc. purchased a new stake in Orchid Island Capital in the 1st quarter worth about $84,000. Institutional investors and hedge funds own 32.74% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Orchid Island Capital from a "hold" rating to a "strong sell" rating in a research note on Saturday, July 26th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Orchid Island Capital Trading Up 2.1%

ORC stock traded up $0.15 during trading on Wednesday, hitting $7.14. The company had a trading volume of 4,170,113 shares, compared to its average volume of 3,814,969. The company has a fifty day moving average price of $7.12 and a two-hundred day moving average price of $7.30. The company has a market cap of $904.22 million, a P/E ratio of 35.68 and a beta of 1.51. Orchid Island Capital, Inc. has a fifty-two week low of $5.68 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, July 24th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts' consensus estimates 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. On average, analysts expect 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 aug 25 dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a yield of 2,038.0%. Orchid Island Capital's dividend payout ratio is 720.00%.

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.