TrueMark Investments LLC Lowers Holdings in Orchid Island Capital, Inc. (NYSE:ORC)

TrueMark Investments LLC reduced its position in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,613 shares of the real estate investment trust’s stock after selling 39,319 shares during the period. TrueMark Investments LLC owned approximately 0.34% of Orchid Island Capital worth $2,098,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. McIlrath & Eck LLC bought a new stake in Orchid Island Capital during the third quarter valued at $58,000. Proficio Capital Partners LLC bought a new stake in shares of Orchid Island Capital during the 4th quarter valued at about $82,000. Quadrature Capital Ltd purchased a new position in shares of Orchid Island Capital during the third quarter worth about $90,000. Intech Investment Management LLC bought a new position in shares of Orchid Island Capital in the third quarter worth approximately $121,000. Finally, Virtu Financial LLC purchased a new stake in Orchid Island Capital in the third quarter valued at approximately $152,000. Institutional investors own 32.74% of the company’s stock.

Orchid Island Capital Price Performance

NYSE:ORC opened at $8.15 on Wednesday. The company has a market capitalization of $760.35 million, a price-to-earnings ratio of 13.58 and a beta of 1.90. The business has a 50 day moving average of $8.33 and a 200 day moving average of $8.06. Orchid Island Capital, Inc. has a 1-year low of $7.41 and a 1-year high of $9.08.

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

Orchid Island Capital Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ORC shares. StockNews.com raised shares of Orchid Island Capital from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd.

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.