Orchid Island Capital, Inc. (NYSE:ORC) Short Interest Update

Orchid Island Capital, Inc. (NYSE:ORC - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 6,220,000 shares, a growth of 41.0% from the March 15th total of 4,410,000 shares. Based on an average daily trading volume, of 3,450,000 shares, the short-interest ratio is currently 1.8 days. Currently, 6.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Orchid Island Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of ORC. Invesco Ltd. boosted its stake in shares of Orchid Island Capital by 3,379.3% during the fourth quarter. Invesco Ltd. now owns 2,354,065 shares of the real estate investment trust's stock valued at $18,315,000 after purchasing an additional 2,286,405 shares in the last quarter. Vanguard Group Inc. boosted its position in 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 period. Geode Capital Management LLC boosted its position in Orchid Island Capital by 34.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,650,122 shares of the real estate investment trust's stock worth $13,566,000 after buying an additional 421,718 shares during the period. Ameriprise Financial Inc. grew its holdings in Orchid Island Capital by 79.0% during the 4th 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, State Street Corp increased its position in Orchid Island Capital by 13.0% in the 3rd quarter. State Street Corp now owns 1,073,495 shares of the real estate investment trust's stock valued at $8,952,000 after acquiring an additional 123,239 shares during the period. Institutional investors own 32.74% of the company's stock.

Wall Street Analysts Forecast Growth

ORC has been the subject of several analyst reports. StockNews.com cut shares of Orchid Island Capital from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. JMP Securities restated a "market perform" rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd.

Orchid Island Capital Trading Up 0.9 %

Orchid Island Capital stock traded up $0.07 during midday trading on Thursday, reaching $6.96. The company's stock had a trading volume of 1,798,718 shares, compared to its average volume of 2,388,834. The stock has a market cap of $648.86 million, a PE ratio of 11.59 and a beta of 1.68. Orchid Island Capital has a 52 week low of $5.69 and a 52 week high of $9.01. The business has a 50-day moving average price of $7.69 and a 200-day moving average price of $7.84.

Orchid Island Capital (NYSE:ORC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.08. As a group, research analysts predict that Orchid Island Capital will post 0.37 EPS for the current fiscal year.

Orchid Island Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 20.70%. The ex-dividend date is Wednesday, April 30th. Orchid Island Capital's dividend payout ratio (DPR) is 240.00%.

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.