Two Sigma Investments LP Decreases Stock Position in Orchid Island Capital, Inc. (NYSE:ORC)

Two Sigma Investments LP cut its holdings in Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 72.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,999 shares of the real estate investment trust's stock after selling 333,849 shares during the quarter. Two Sigma Investments LP owned 0.16% of Orchid Island Capital worth $1,004,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ORC. Charles Schwab Investment Management Inc. boosted its position in shares of Orchid Island Capital by 13.2% during the fourth 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 buying an additional 77,435 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of 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 valued at $6,972,000 after purchasing an additional 395,650 shares during the last quarter. Northern Trust Corp lifted its position in Orchid Island Capital by 16.8% during the fourth quarter. Northern Trust Corp now owns 682,491 shares of the real estate investment trust's stock valued at $5,310,000 after purchasing an additional 98,030 shares during the period. Geode Capital Management LLC lifted 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 valued at $14,221,000 after purchasing an additional 177,357 shares during the period. Finally, 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. 32.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Orchid Island Capital from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Jones Trading restated a "hold" rating on shares of Orchid Island Capital in a research note on Wednesday, April 30th.

Orchid Island Capital Stock Performance

Shares of ORC stock traded up $0.08 during mid-day trading on Monday, reaching $7.02. 3,541,127 shares of the company's stock traded hands, compared to its average volume of 2,676,227. The firm has a 50 day moving average price of $6.86 and a two-hundred day moving average price of $7.67. The firm has a market capitalization of $766.72 million, a PE ratio of 11.70 and a beta of 1.49. 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 released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $19.71 million during the quarter, compared to analysts' expectations of $11.96 million. As a group, equities analysts expect that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current fiscal year.

Orchid Island Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 20.51%. The ex-dividend date is Friday, May 30th. Orchid Island Capital's dividend payout ratio is presently 360.00%.

About Orchid Island Capital

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.