Centiva Capital LP Purchases 22,987 Shares of Orchid Island Capital, Inc. (NYSE:ORC)

Centiva Capital LP lifted its holdings in Orchid Island Capital, Inc. (NYSE:ORC) by 82.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,881 shares of the real estate investment trust’s stock after acquiring an additional 22,987 shares during the quarter. Centiva Capital LP owned approximately 0.06% of Orchid Island Capital worth $396,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bridgefront Capital LLC acquired a new position in Orchid Island Capital in the fourth quarter worth $110,000. Bank of America Corp DE lifted its position in Orchid Island Capital by 55.2% during the 4th quarter. Bank of America Corp DE now owns 71,974 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 25,585 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Orchid Island Capital during the 4th quarter worth about $125,000. Ameriprise Financial Inc. increased its position in Orchid Island Capital by 79.0% in the 4th quarter. Ameriprise Financial Inc. now owns 896,192 shares of the real estate investment trust’s stock valued at $6,972,000 after acquiring an additional 395,650 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Orchid Island Capital by 12.4% in the fourth quarter. Jane Street Group LLC now owns 59,986 shares of the real estate investment trust’s stock worth $467,000 after acquiring an additional 6,616 shares during the last quarter. 32.74% of the stock is currently owned by institutional investors.

Orchid Island Capital Price Performance

Shares of NYSE:ORC opened at $7.16 on Friday. The stock has a market cap of $763.78 million, a price-to-earnings ratio of 11.93 and a beta of 1.54. The company has a 50 day moving average of $7.31 and a 200-day moving average of $7.78. Orchid Island Capital, Inc. has a one year low of $5.69 and a one year high of $9.01.

Orchid Island Capital (NYSE:ORC) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.16 EPS 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 the consensus estimate of $11.96 million. Equities research analysts anticipate that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current year.

Orchid Island Capital Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 20.11%. The ex-dividend date is Friday, May 30th. Orchid Island Capital’s dividend payout ratio (DPR) is currently 360.00%.

Wall Street Analyst Weigh In

Several analysts have recently commented on ORC shares. JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd. StockNews.com raised Orchid Island Capital from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Jones Trading restated a “hold” rating on shares of Orchid Island Capital in a research report on Wednesday, April 30th.

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.