Cetera Investment Advisers Sells 6,223 Shares of Orchid Island Capital, Inc. (NYSE:ORC)

Cetera Investment Advisers decreased its holdings in Orchid Island Capital, Inc. (NYSE:ORC) by 3.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 200,951 shares of the real estate investment trust’s stock after selling 6,223 shares during the quarter. Cetera Investment Advisers’ holdings in Orchid Island Capital were worth $1,563,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORC. JPMorgan Chase & Co. raised its stake in Orchid Island Capital by 89.6% in the third quarter. JPMorgan Chase & Co. now owns 61,525 shares of the real estate investment trust’s stock valued at $506,000 after buying an additional 29,073 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of 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 worth $378,000 after purchasing an additional 3,410 shares during the period. SG Americas Securities LLC increased its stake in shares of Orchid Island Capital by 23.2% during the fourth 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 period. Geneos Wealth Management Inc. bought a new position in shares of Orchid Island Capital during the fourth quarter worth approximately $176,000. Finally, Van ECK Associates Corp increased its stake in shares of Orchid Island Capital by 12.5% during the fourth quarter. Van ECK Associates Corp now owns 782,255 shares of the real estate investment trust’s stock worth $6,086,000 after purchasing an additional 87,124 shares during the period. Institutional investors own 32.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ORC shares. JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd. Jones Trading reiterated a “hold” rating on shares of Orchid Island Capital in a research note on Wednesday, April 30th. Finally, StockNews.com upgraded Orchid Island Capital from a “sell” rating to a “hold” rating in a research note on Friday, May 16th.

Orchid Island Capital Price Performance

Shares of ORC opened at $7.16 on Wednesday. The stock has a 50-day moving average of $7.15 and a 200-day moving average of $7.75. The company has a market cap of $782.02 million, a PE ratio of 11.93 and a beta of 1.54. Orchid Island Capital, Inc. has a one year low of $5.69 and a one year high of $9.01.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The company had revenue of $19.71 million for the quarter, compared to the consensus estimate of $11.96 million. Analysts expect that Orchid Island Capital, Inc. will post 0.37 EPS for the current fiscal year.

Orchid Island Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 20.11%. The ex-dividend date of this dividend is Friday, May 30th. Orchid Island Capital’s dividend payout ratio (DPR) is 360.00%.

Orchid Island Capital Profile

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.