State of Wyoming Buys 42,056 Shares of Orchid Island Capital, Inc. (NYSE:ORC)

State of Wyoming increased its holdings in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 622.2% in the fourth quarter, according to its most recent 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 period. State of Wyoming owned approximately 0.06% of Orchid Island Capital worth $380,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Orchid Island Capital by 13.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 663,655 shares of the real estate investment trust's stock valued at $5,163,000 after purchasing an additional 77,435 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Orchid Island Capital by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 1,827,479 shares of the real estate investment trust's stock valued at $14,221,000 after purchasing an additional 177,357 shares in the last quarter. Northern Trust Corp boosted its position in Orchid Island Capital by 16.8% during the 4th quarter. Northern Trust Corp now owns 682,491 shares of the real estate investment trust's stock valued at $5,310,000 after buying an additional 98,030 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Orchid Island Capital during the 4th quarter valued at $646,000. Finally, Barclays PLC boosted its position in Orchid Island Capital by 25.9% during the 4th quarter. Barclays PLC now owns 118,358 shares of the real estate investment trust's stock valued at $921,000 after buying an additional 24,353 shares during the period. Hedge funds and other institutional investors own 32.74% of the company's stock.

Orchid Island Capital Price Performance

ORC traded up $0.04 during trading on Friday, hitting $6.93. 2,688,427 shares of the stock traded hands, compared to its average volume of 2,579,273. The firm has a market capitalization of $756.35 million, a P/E ratio of 11.54 and a beta of 1.54. The firm has a 50-day moving average of $7.07 and a 200 day moving average of $7.74. Orchid Island Capital, Inc. has a 12-month low of $5.69 and a 12-month high of $9.01.

Orchid Island Capital (NYSE:ORC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $19.71 million for the quarter, compared to analyst estimates of $11.96 million. As a group, equities analysts predict that Orchid Island Capital, Inc. will post 0.37 EPS for the current fiscal year.

Orchid Island Capital Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Jones Trading reissued a "hold" rating on shares of Orchid Island Capital in a research report on Wednesday, April 30th. Wall Street Zen raised shares of Orchid Island Capital from a "sell" rating to a "hold" rating in a research 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.