Orchid Island Capital, Inc. (NYSE:ORC) Shares Bought by State of Wyoming

State of Wyoming boosted its position in shares of Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 622.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,815 shares of the real estate investment trust's stock after purchasing an additional 42,056 shares during the quarter. State of Wyoming owned approximately 0.06% of Orchid Island Capital worth $380,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ORC. Vanguard Group Inc. raised its stake in shares of Orchid Island Capital by 12.1% during the 4th quarter. Vanguard Group Inc. now owns 4,238,780 shares of the real estate investment trust's stock worth $32,978,000 after buying an additional 456,209 shares during the last quarter. Invesco Ltd. increased its holdings in Orchid Island Capital by 3,379.3% during the 4th quarter. Invesco Ltd. now owns 2,354,065 shares of the real estate investment trust's stock valued at $18,315,000 after acquiring an additional 2,286,405 shares in the last quarter. Geode Capital Management LLC raised its position in Orchid Island Capital by 10.7% during the fourth quarter. Geode Capital Management LLC now owns 1,827,479 shares of the real estate investment trust's stock worth $14,221,000 after acquiring an additional 177,357 shares during the last quarter. Ameriprise Financial Inc. raised its position in Orchid Island Capital by 79.0% during the fourth quarter. Ameriprise Financial Inc. now owns 896,192 shares of the real estate investment trust's stock worth $6,972,000 after acquiring an additional 395,650 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Orchid Island Capital by 12.5% in the fourth quarter. Van ECK Associates Corp now owns 782,255 shares of the real estate investment trust's stock valued at $6,086,000 after purchasing an additional 87,124 shares in the last quarter. Institutional investors and hedge funds own 32.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ORC shares. Jones Trading reissued a "hold" rating on shares of Orchid Island Capital in a research note on Wednesday, April 30th. Wall Street Zen raised Orchid Island Capital from a "sell" rating to a "hold" rating in a research note on Friday, May 16th.

Orchid Island Capital Stock Up 0.5%

Shares of ORC traded up $0.04 during trading hours on Monday, reaching $6.93. 2,688,427 shares of the company traded hands, compared to its average volume of 2,579,273. The stock has a market capitalization of $756.35 million, a PE ratio of 11.54 and a beta of 1.54. Orchid Island Capital, Inc. has a fifty-two week low of $5.69 and a fifty-two week high of $9.01. The stock has a fifty day simple moving average of $7.07 and a 200 day simple moving average of $7.74.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The business had revenue of $19.71 million for the quarter, compared to the consensus estimate of $11.96 million. Research analysts predict that Orchid Island Capital, Inc. will post 0.37 EPS for the current fiscal year.

Orchid Island Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 20.79%. The ex-dividend date of this dividend is Friday, May 30th. Orchid Island Capital's payout ratio is 360.00%.

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.