Orchid Island Capital, Inc. (NYSE:ORC) Shares Bought by Quest Partners LLC

Quest Partners LLC raised its position in Orchid Island Capital, Inc. (NYSE:ORC) by 385.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 124,352 shares of the real estate investment trust’s stock after acquiring an additional 98,723 shares during the period. Quest Partners LLC owned approximately 0.16% of Orchid Island Capital worth $1,022,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Entropy Technologies LP purchased a new position in shares of Orchid Island Capital in the 3rd quarter valued at about $282,000. Wolverine Asset Management LLC purchased a new position in shares of Orchid Island Capital in the 3rd quarter valued at about $3,903,000. Van ECK Associates Corp increased its holdings in shares of Orchid Island Capital by 39.6% in the 3rd quarter. Van ECK Associates Corp now owns 695,131 shares of the real estate investment trust’s stock valued at $5,422,000 after purchasing an additional 197,052 shares in the last quarter. OmniStar Financial Group Inc. purchased a new position in shares of Orchid Island Capital in the 3rd quarter valued at about $367,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Orchid Island Capital by 2.1% in the 3rd quarter. Global Retirement Partners LLC now owns 63,109 shares of the real estate investment trust’s stock valued at $519,000 after purchasing an additional 1,305 shares in the last quarter. Institutional investors and hedge funds own 32.74% of the company’s stock.

Orchid Island Capital Trading Down 0.4 %

NYSE:ORC opened at $7.82 on Thursday. The firm has a 50-day moving average price of $7.94 and a two-hundred day moving average price of $8.21. Orchid Island Capital, Inc. has a twelve month low of $7.29 and a twelve month high of $9.08. The company has a market capitalization of $612.85 million, a P/E ratio of 7.47 and a beta of 1.85.

Orchid Island Capital (NYSE:ORC) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). During the same quarter in the previous year, the company earned ($0.28) EPS. On average, equities research analysts predict that Orchid Island Capital, Inc. will post -0.25 earnings per share for the current year.

Orchid Island Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.44 annualized dividend and a yield of 18.43%. Orchid Island Capital’s dividend payout ratio (DPR) is currently 137.14%.

Analyst Ratings Changes

Separately, JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a report on Wednesday, August 28th.

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.