EntryPoint Capital LLC Grows Stock Position in Orchid Island Capital, Inc. (NYSE:ORC)

EntryPoint Capital LLC increased its stake in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 101.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,808 shares of the real estate investment trust’s stock after buying an additional 5,958 shares during the quarter. EntryPoint Capital LLC’s holdings in Orchid Island Capital were worth $105,000 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 ORC. EMG Holdings L.P. purchased a new position in Orchid Island Capital during the fourth quarter worth approximately $4,364,000. Significant Wealth Partners LLC lifted its position in Orchid Island Capital by 266.8% during the first quarter. Significant Wealth Partners LLC now owns 459,194 shares of the real estate investment trust’s stock worth $4,101,000 after buying an additional 334,002 shares in the last quarter. CastleKnight Management LP purchased a new position in Orchid Island Capital during the fourth quarter worth approximately $1,791,000. Jump Financial LLC lifted its position in Orchid Island Capital by 1,005.2% during the fourth quarter. Jump Financial LLC now owns 145,889 shares of the real estate investment trust’s stock worth $1,230,000 after buying an additional 132,689 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Orchid Island Capital by 2.6% during the third quarter. Vanguard Group Inc. now owns 2,120,928 shares of the real estate investment trust’s stock worth $18,049,000 after acquiring an additional 53,652 shares during the last quarter. Hedge funds and other institutional investors own 32.74% of the company’s stock.

Orchid Island Capital Trading Down 0.2 %

Shares of NYSE:ORC opened at $8.24 on Friday. The firm’s 50-day moving average is $8.47 and its two-hundred day moving average is $8.50. Orchid Island Capital, Inc. has a 1 year low of $5.90 and a 1 year high of $11.27.

Orchid Island Capital (NYSE:ORC) last released its earnings results on Friday, April 26th. The real estate investment trust reported ($0.12) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.12). During the same quarter in the previous year, the business earned ($0.24) EPS. As a group, research analysts anticipate that Orchid Island Capital, Inc. will post -0.34 EPS for the current fiscal year.

Orchid Island Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 29th. Investors of record on Wednesday, July 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.48%. Orchid Island Capital’s payout ratio is -271.70%.

Analyst Ratings Changes

ORC has been the subject of several recent analyst reports. JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, April 18th. Janney Montgomery Scott initiated coverage on Orchid Island Capital in a research note on Thursday, June 6th. They set a “buy” rating and a $9.50 target price for the company.

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.