Quadrature Capital Ltd Purchases New Shares in Orchid Island Capital, Inc. (NYSE:ORC)

Quadrature Capital Ltd bought a new position in shares of Orchid Island Capital, Inc. (NYSE:ORC) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,954 shares of the real estate investment trust’s stock, valued at approximately $90,000.

A number of other hedge funds have also recently added to or reduced their stakes in ORC. Allspring Global Investments Holdings LLC bought a new stake in shares of Orchid Island Capital during the 2nd quarter worth $28,000. Prairie Sky Financial Group LLC bought a new position in shares of Orchid Island Capital during the third quarter worth about $105,000. Intech Investment Management LLC bought a new stake in shares of Orchid Island Capital in the 3rd quarter valued at $121,000. AQR Capital Management LLC bought a new stake in Orchid Island Capital during the second quarter valued at $134,000. Finally, The Manufacturers Life Insurance Company grew its stake in Orchid Island Capital by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 20,521 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 1,422 shares during the period. Institutional investors own 32.74% of the company’s stock.

Wall Street Analyst Weigh In

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

Orchid Island Capital Stock Performance

NYSE ORC opened at $8.07 on Friday. The business has a fifty day simple moving average of $7.85 and a 200 day simple moving average of $8.14. Orchid Island Capital, Inc. has a 12 month low of $7.41 and a 12 month high of $9.08. The firm has a market capitalization of $632.42 million, a P/E ratio of 7.68 and a beta of 1.84.

Orchid Island Capital (NYSE:ORC) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). During the same period in the previous year, the company posted ($0.28) earnings per share. As a group, sell-side analysts predict that Orchid Island Capital, Inc. will post -0.25 EPS for the current fiscal year.

Orchid Island Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.85%. The ex-dividend date 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.