Commonwealth Equity Services LLC reduced its position in shares of Orchid Island Capital, Inc. (NYSE:ORC – Get Rating) by 14.4% during the 1st quarter, according to its latest filing with the Securities and Exchange Commission. The institutional investor held 345,102 shares of the REIT after selling 58,005 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.19% of Orchid Island Capital worth $1,121,000 at the time of its last filing with the Securities and Exchange Commission.
Several other institutional investors have also recently changed their stake in the company. Northern Trust Corp increased its holdings of Orchid Island Capital shares by 10.7% during the fourth quarter. Northern Trust Corp now owns 1,252,953 shares of the real estate investment trust worth $5,638,000 after buying an additional 121,251 shares last quarter. Citigroup Inc. increased its holdings of Orchid Island Capital shares by 16.3% during the fourth quarter. Citigroup Inc. now owns 435,555 shares of the real estate investment trust worth $1,960,000 after buying an additional 61,180 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings of Orchid Island Capital shares by 13.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 361,109 shares of the real estate investment trust worth $1,625,000 after purchasing an additional 43,653 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Orchid Island Capital by 4.1% during the 4th quarter. Allianz Asset Management GmbH now owns 153,400 shares of the real estate investment trust worth $690,000 after buying an additional 6,000 shares last quarter. Finally, the New York State Common Retirement Fund increased its holdings of Orchid Island Capital shares by 54.2% during the fourth quarter. The New York State Common Retirement Fund now owns 87,538 shares of the real estate investment trust worth $394,000 after buying 30,778 additional shares in the last quarter. Institutional investors and hedge funds hold 21.81% of the company’s shares.
Orchid Island Capital Awards Performance
ORC shares opened at $3.28 on Monday. The stock’s fifty-day simple moving average is $2.98 and its 200-day simple moving average is $3.18. The company has a market capitalization of $578.10 million, a price-earnings ratio of -2.62 and a beta of 1.31. Orchid Island Capital, Inc. has a 1-year low of $2.44 and a 1-year high of $5.17.
Orchid Island Capital Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, August 29. Investors of record on Friday, July 29 will receive a dividend of $0.045. This represents an annualized dividend of $0.54 and a yield of 16.46%. The ex-dividend date is Thursday July 28. Orchid Island Capital’s dividend payout ratio is -43.20%.
Changes to analyst ratings
Separately, LADENBURG THALM/SH SH downgraded Orchid Island Capital from a “buy” rating to a “neutral” rating in a Monday, August 8 research rating.
About Orchid Island Capital
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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 mortgages, called Agency RMBS. Its portfolio includes traditional transfer agency RMBS, such as mortgage transfer certificates and secured mortgage bonds; and structured agency RMBS comprising interest only securities, inverse interest only securities and principal only securities.
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