MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in Orchid Island Capital, Inc. $ORC

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. significantly increased its stake in Orchid Island Capital, Inc. by 537.5%, owning over 3.5 million shares valued at approximately $26.96 million.
• The company's stock recently reported a 0.2% decline and has a market capitalization of $910.56 million with a price-to-earnings ratio of 35.93.
• Orchid Island Capital declared a dividend of $0.12 per share, representing a yield of 2,038.0%, with a payout ratio of 720.00%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 537.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,585,508 shares of the real estate investment trust's stock after acquiring an additional 3,023,062 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 3.28% of Orchid Island Capital worth $26,963,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ORC. Tower Research Capital LLC TRC boosted its holdings in Orchid Island Capital by 73.3% in 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 purchasing an additional 3,012 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in 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 worth $71,000 after purchasing an additional 3,214 shares during the last quarter. Millennium Management LLC boosted its holdings in Orchid Island Capital by 1.1% in the fourth quarter. Millennium Management LLC now owns 309,480 shares of the real estate investment trust's stock worth $2,408,000 after purchasing an additional 3,354 shares during the last quarter. US Bancorp DE boosted its holdings in 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 worth $29,000 after purchasing an additional 3,504 shares during the last quarter. Finally, Rogco LP purchased a new stake in Orchid Island Capital in the first quarter worth approximately $28,000. Institutional investors own 32.74% of the company's stock.

Wall Street Analysts Forecast Growth

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

Orchid Island Capital Stock Performance

Shares of Orchid Island Capital stock traded down $0.06 on Thursday, hitting $7.09. 3,197,233 shares of the company's stock were exchanged, compared to its average volume of 3,796,017. The company has a 50-day simple moving average of $7.13 and a 200-day simple moving average of $7.24. The stock has a market capitalization of $1.04 billion, a PE ratio of 35.43 and a beta of 1.51. Orchid Island Capital, Inc. has a 1 year low of $5.68 and a 1 year high of $9.01.

Orchid Island Capital (NYSE:ORC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $23.15 million for the quarter, compared to analysts' expectations of $23.25 million. On average, analysts expect that Orchid Island Capital, Inc. will post 0.37 EPS for the current fiscal year.

Orchid Island Capital Dividend Announcement

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