Orchid Island Capital, Inc. (NYSE:ORC) Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 409.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,005 shares of the real estate investment trust’s stock after purchasing an additional 75,557 shares during the quarter. Barclays PLC’s holdings in Orchid Island Capital were worth $773,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC boosted its holdings in shares of Orchid Island Capital by 2.1% during the third quarter. Global Retirement Partners LLC now owns 63,109 shares of the real estate investment trust’s stock valued at $519,000 after acquiring an additional 1,305 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Orchid Island Capital by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,521 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 1,422 shares during the period. Commonwealth Equity Services LLC grew its position in Orchid Island Capital by 2.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 70,444 shares of the real estate investment trust’s stock worth $588,000 after purchasing an additional 1,904 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Orchid Island Capital during the 2nd quarter worth $28,000. Finally, Rhumbline Advisers increased its stake in Orchid Island Capital by 8.7% during the 2nd quarter. Rhumbline Advisers now owns 84,740 shares of the real estate investment trust’s stock valued at $707,000 after buying an additional 6,796 shares during the period. 32.74% of the stock is currently owned by institutional investors.

Orchid Island Capital Price Performance

Shares of NYSE:ORC opened at $7.78 on Wednesday. The stock’s 50 day moving average price is $7.84 and its 200 day moving average price is $8.08. Orchid Island Capital, Inc. has a 12 month low of $7.41 and a 12 month high of $9.08. The stock has a market cap of $621.23 million, a price-to-earnings ratio of 7.41 and a beta of 1.84.

Orchid Island Capital (NYSE:ORC) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). During the same period in the prior year, the business earned ($0.28) EPS. On average, sell-side analysts expect that Orchid Island Capital, Inc. will post -0.25 EPS for the current year.

Orchid Island Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 18.51%. The ex-dividend date of this dividend is Tuesday, December 31st. Orchid Island Capital’s payout ratio is 137.14%.

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.