Van ECK Associates Corp Acquires 87,124 Shares of Orchid Island Capital, Inc. (NYSE:ORC)

Van ECK Associates Corp lifted its holdings in Orchid Island Capital, Inc. (NYSE:ORC) by 12.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 782,255 shares of the real estate investment trust’s stock after purchasing an additional 87,124 shares during the quarter. Van ECK Associates Corp’s holdings in Orchid Island Capital were worth $6,086,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Global Retirement Partners LLC raised its holdings in shares of Orchid Island Capital by 2.1% in the third quarter. Global Retirement Partners LLC now owns 63,109 shares of the real estate investment trust’s stock valued at $519,000 after buying an additional 1,305 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in 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 worth $378,000 after purchasing an additional 3,410 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Orchid Island Capital by 29.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 26,466 shares of the real estate investment trust’s stock worth $218,000 after purchasing an additional 5,945 shares during the last quarter. SG Americas Securities LLC raised its holdings in Orchid Island Capital by 23.2% during the 4th quarter. SG Americas Securities LLC now owns 32,727 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 6,173 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new stake in Orchid Island Capital during the 3rd quarter worth about $58,000. 32.74% of the stock is owned by institutional investors.

Orchid Island Capital Stock Up 2.4 %

NYSE:ORC opened at $8.77 on Tuesday. The company has a market cap of $699.89 million, a P/E ratio of 14.61 and a beta of 1.83. Orchid Island Capital, Inc. has a twelve month low of $7.41 and a twelve month high of $9.08. The business has a 50 day moving average price of $8.01 and a two-hundred day moving average price of $7.99.

Orchid Island Capital (NYSE:ORC) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. As a group, analysts anticipate that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current fiscal year.

Orchid Island Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.43%. The ex-dividend date is Friday, February 28th. Orchid Island Capital’s dividend payout ratio is presently 240.00%.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a report on Thursday, January 23rd.

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.