1 week Ago By Defense World Staff
Russell Investments Group Ltd. increased its holdings in shares of Orchid Island Capital, Inc. (NYSE:ORC – Free Report) by 32.
8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,165 shares of the real estate investment trust’s stock after buying an additional 1,522 shares during the quarter. Russell Investments Group Ltd.
’s holdings in Orchid Island Capital were worth $48,000 as of its most recent filing with the Securities and Exchange Commission. Several other large investors have also recently bought and sold shares of ORC. Charles Schwab Investment Management Inc.
grew its stake in Orchid Island Capital by 13.2% during the 4th quarter. Charles Schwab Investment Management Inc.
now owns 663,655 shares of the real estate investment trust’s stock valued at $5,163,000 after acquiring an additional 77,435 shares in the last quarter. Barclays PLC increased its stake in Orchid Island Capital by 409.6% in the 3rd quarter.
Barclays PLC now owns 94,005 shares of the real estate investment trust’s stock valued at $773,000 after buying an additional 75,557 shares during the period. Geode Capital Management LLC lifted its position in Orchid Island Capital by 34.3% in 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 in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Orchid Island Capital during the 4th quarter valued at $646,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Orchid Island Capital by 7.
7% during the 4th quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust’s stock valued at $378,000 after acquiring an additional 3,410 shares in the last quarter. 32.
74% of the stock is owned by institutional investors and hedge funds. Orchid Island Capital Trading Up 5.1 %ORC stock opened at $7.
28 on Friday. The firm has a market cap of $679.18 million, a PE ratio of 12.
13 and a beta of 1.68. Orchid Island Capital, Inc.
has a 1 year low of $5.69 and a 1 year high of $9.01.
The company has a fifty day simple moving average of $7.63 and a 200 day simple moving average of $7.83.
Orchid Island Capital (NYSE:ORC – Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.
18 by ($0.02). The firm had revenue of $19.
71 million during the quarter, compared to the consensus estimate of $11.96 million. As a group, analysts forecast that Orchid Island Capital, Inc.
will post 0.37 EPS for the current fiscal year. Orchid Island Capital Announces DividendThe firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th.
Investors of record on Wednesday, April 30th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 30th.
This represents a $1.44 annualized dividend and a dividend yield of 19.78%.
Orchid Island Capital’s dividend payout ratio is presently 240.00%. Analysts Set New Price TargetsA number of research analysts have commented on ORC shares.
StockNews.com downgraded Orchid Island Capital from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd.
View Our Latest Report on ORCOrchid Island Capital Profile (Free Report)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.
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