Two Sigma Investments LP Has $1 Million Stake in Orchid Island Capital, Inc. (NYSE:ORC)

Two Sigma Investments LP lessened its holdings in shares of Orchid Island Capital, Inc. (NYSE:ORC - Free Report) by 72.1% in the 4th quarter, according to the company in 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 period. Two Sigma Investments LP owned 0.16% of Orchid Island Capital worth $1,004,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ORC. Russell Investments Group Ltd. lifted its position in shares of Orchid Island Capital by 32.8% during the 4th quarter. Russell Investments Group Ltd. now owns 6,165 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 1,522 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in 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 worth $55,000 after buying an additional 3,012 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of 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 valued at $2,408,000 after purchasing an additional 3,354 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Orchid Island Capital by 17.6% during the fourth quarter. Deutsche Bank AG now owns 36,869 shares of the real estate investment trust's stock valued at $287,000 after buying an additional 5,530 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Orchid Island Capital by 23.2% during the fourth quarter. SG Americas Securities LLC now owns 32,727 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 6,173 shares during the period. Hedge funds and other institutional investors own 32.74% of the company's stock.

Orchid Island Capital Trading Up 0.3%

NYSE ORC traded up $0.02 during trading on Friday, reaching $6.96. The company's stock had a trading volume of 2,644,324 shares, compared to its average volume of 2,672,756. The business has a 50-day moving average price of $6.86 and a 200-day moving average price of $7.67. Orchid Island Capital, Inc. has a 1-year low of $5.69 and a 1-year high of $9.01. The stock has a market capitalization of $760.17 million, a PE ratio of 11.60 and a beta of 1.49.

Orchid Island Capital (NYSE:ORC - Get Free Report) last posted its 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 firm had revenue of $19.71 million for the quarter, compared to analyst estimates of $11.96 million. As a group, analysts expect that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current year.

Orchid Island Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $0.12 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 20.69%. Orchid Island Capital's dividend payout ratio is presently 360.00%.

Analyst Ratings Changes

A number of equities analysts have recently commented 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 upgraded shares of Orchid Island Capital from a "sell" rating to a "hold" rating in a research report on Friday, May 16th.

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.