Orchid Island Capital, Inc. (NYSE:ORC) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its position in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 29.0% in the third quarter, HoldingsChannel.com reports. The fund owned 26,466 shares of the real estate investment trust’s stock after acquiring an additional 5,945 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Orchid Island Capital were worth $218,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Orchid Island Capital in the second quarter worth about $28,000. Prairie Sky Financial Group LLC acquired a new position in Orchid Island Capital during the third quarter worth $105,000. Intech Investment Management LLC acquired a new stake in Orchid Island Capital in the 3rd quarter worth about $121,000. AQR Capital Management LLC acquired a new stake in shares of Orchid Island Capital in the second quarter worth approximately $134,000. Finally, Quest Partners LLC purchased a new stake in shares of Orchid Island Capital during the second quarter worth $214,000. Hedge funds and other institutional investors own 32.74% of the company’s stock.

Orchid Island Capital Stock Up 0.6 %

Shares of Orchid Island Capital stock opened at $8.09 on Tuesday. The business’s fifty day simple moving average is $7.85 and its 200-day simple moving average is $8.13. The firm has a market cap of $645.59 million, a PE ratio of 7.66 and a beta of 1.84. Orchid Island Capital, Inc. has a 52 week low of $7.41 and a 52 week high of $9.08.

Orchid Island Capital (NYSE:ORC) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). During the same period last year, the firm earned ($0.28) EPS. As a group, equities analysts expect 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 declared a monthly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be paid a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.44 annualized dividend and a dividend yield of 17.81%. Orchid Island Capital’s dividend payout ratio (DPR) is 137.14%.

Analyst Ratings Changes

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

Orchid Island Capital Company 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.