SG Americas Securities LLC purchased a new stake in Orchid Island Capital, Inc. (NYSE:ORC – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 26,554 shares of the real estate investment trust’s stock, valued at approximately $218,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Entropy Technologies LP purchased a new position in Orchid Island Capital in the 1st quarter valued at about $152,000. Van ECK Associates Corp lifted its stake in Orchid Island Capital by 25.0% in the 2nd quarter. Van ECK Associates Corp now owns 498,079 shares of the real estate investment trust’s stock valued at $4,154,000 after buying an additional 99,713 shares in the last quarter. Quest Partners LLC purchased a new position in Orchid Island Capital in the 2nd quarter valued at about $214,000. Price T Rowe Associates Inc. MD lifted its stake in Orchid Island Capital by 3.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,909 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 1,642 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Orchid Island Capital by 1,054.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,062 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 3,710 shares in the last quarter. 32.74% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a research note on Wednesday, August 28th.
Orchid Island Capital Price Performance
ORC opened at $7.87 on Wednesday. The company’s 50 day simple moving average is $8.11 and its two-hundred day simple moving average is $8.30. Orchid Island Capital, Inc. has a 1-year low of $5.90 and a 1-year high of $9.08.
Orchid Island Capital Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 18.31%. The ex-dividend date of this dividend is Thursday, October 31st. Orchid Island Capital’s dividend payout ratio (DPR) is -165.52%.
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.
Featured Articles
- Five stocks we like better than Orchid Island Capital
- Following Congress Stock Trades
- How Verizon Could Offer Stress-Free Double-Digit Returns in 2025
- Business Services Stocks Investing
- Can Roche Challenge Lilly and Novo in the Weight Loss Market?
- Top Stocks Investing in 5G Technology
- Roblox Stock: Key Metrics Surge, Is This the Perfect Entry?
Want to see what other hedge funds are holding ORC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orchid Island Capital, Inc. (NYSE:ORC – Free Report).
Receive News & Ratings for Orchid Island Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orchid Island Capital and related companies with MarketBeat.com's FREE daily email newsletter.