Charles Schwab Investment Management Inc. Increases Holdings in Orchid Island Capital, Inc. (NYSE:ORC)

Charles Schwab Investment Management Inc. lifted its stake in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 13.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 663,655 shares of the real estate investment trust’s stock after purchasing an additional 77,435 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Orchid Island Capital were worth $5,163,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in Orchid Island Capital by 7.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust’s stock valued at $378,000 after buying an additional 3,410 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Orchid Island Capital by 29.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 26,466 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 5,945 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of 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 valued at $255,000 after acquiring an additional 6,173 shares during the last quarter. McIlrath & Eck LLC purchased a new position in shares of Orchid Island Capital during the third quarter worth about $58,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Orchid Island Capital by 32.6% during the third quarter. MetLife Investment Management LLC now owns 40,851 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 10,032 shares in the last quarter. Hedge funds and other institutional investors own 32.74% of the company’s stock.

Orchid Island Capital Stock Down 0.9 %

Shares of ORC opened at $8.15 on Wednesday. The stock has a market capitalization of $760.35 million, a P/E ratio of 13.58 and a beta of 1.90. Orchid Island Capital, Inc. has a twelve month low of $7.41 and a twelve month high of $9.08. The firm has a fifty day simple moving average of $8.33 and a two-hundred day simple moving average of $8.06.

Orchid Island Capital (NYSE:ORC) last posted its earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.08. Sell-side analysts expect that Orchid Island Capital, Inc. will post 0.37 EPS for the current fiscal year.

Orchid Island Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Monday, March 31st will be given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 17.67%. The ex-dividend date of this dividend is Monday, March 31st. Orchid Island Capital’s dividend payout ratio is currently 240.00%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JMP Securities restated a “market perform” rating on shares of Orchid Island Capital in a research report on Thursday, January 23rd. StockNews.com upgraded Orchid Island Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, March 19th.

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.