SG Americas Securities LLC Purchases New Holdings in Orchid Island Capital, Inc. (NYSE:ORC)

SG Americas Securities LLC purchased a new stake in Orchid Island Capital, Inc. (NYSE:ORC) 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.