Van ECK Associates Corp Grows Stock Holdings in Orchid Island Capital, Inc. (NYSE:ORC)

Van ECK Associates Corp boosted its holdings in Orchid Island Capital, Inc. (NYSE:ORC) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 403,659 shares of the real estate investment trust’s stock after buying an additional 45,279 shares during the quarter. Van ECK Associates Corp owned approximately 0.77% of Orchid Island Capital worth $3,403,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ORC. Wolverine Asset Management LLC increased its holdings in shares of Orchid Island Capital by 299.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 914,125 shares of the real estate investment trust’s stock valued at $7,779,000 after acquiring an additional 685,424 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in Orchid Island Capital during the third quarter worth approximately $4,648,000. Invesco Ltd. lifted its position in shares of Orchid Island Capital by 33.6% during the 3rd quarter. Invesco Ltd. now owns 2,073,998 shares of the real estate investment trust’s stock worth $17,650,000 after buying an additional 521,401 shares during the last quarter. Significant Wealth Partners LLC acquired a new position in shares of Orchid Island Capital in the 4th quarter valued at $1,055,000. Finally, Graham Capital Management L.P. purchased a new position in shares of Orchid Island Capital in the 3rd quarter valued at $516,000. Hedge funds and other institutional investors own 32.74% of the company’s stock.

Orchid Island Capital Stock Performance

Shares of ORC opened at $8.49 on Tuesday. The company’s 50 day simple moving average is $8.59 and its 200-day simple moving average is $8.12. Orchid Island Capital, Inc. has a 12-month low of $5.90 and a 12-month high of $11.27.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings data on Friday, April 26th. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). During the same quarter in the previous year, the company earned ($0.24) EPS. As a group, analysts expect that Orchid Island Capital, Inc. will post -0.36 earnings per share for the current year.

Orchid Island Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 30th. Investors of record on Tuesday, April 30th will be given a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 16.96%. The ex-dividend date of this dividend is Monday, April 29th. Orchid Island Capital’s dividend payout ratio (DPR) is presently -271.70%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ORC shares. JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a research report on Thursday, April 18th. StockNews.com raised Orchid Island Capital to a “sell” rating in a research report on Friday, February 9th.

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.