Virtu Financial LLC Purchases New Shares in Orchid Island Capital, Inc. (NYSE:ORC)

Virtu Financial LLC acquired a new position in shares of Orchid Island Capital, Inc. (NYSE:ORC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,491 shares of the real estate investment trust’s stock, valued at approximately $152,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Global Retirement Partners LLC lifted its stake in Orchid Island Capital by 2.1% in the 3rd quarter. Global Retirement Partners LLC now owns 63,109 shares of the real estate investment trust’s stock valued at $519,000 after buying an additional 1,305 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of 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 valued at $171,000 after acquiring an additional 1,422 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Orchid Island Capital by 2.8% in the second quarter. Commonwealth Equity Services LLC now owns 70,444 shares of the real estate investment trust’s stock valued at $588,000 after acquiring an additional 1,904 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Orchid Island Capital in the second quarter worth approximately $28,000. Finally, Rhumbline Advisers increased its position in shares of Orchid Island Capital by 8.7% during the second quarter. Rhumbline Advisers now owns 84,740 shares of the real estate investment trust’s stock worth $707,000 after purchasing an additional 6,796 shares in the last quarter. 32.74% of the stock is owned by hedge funds and other institutional investors.

Orchid Island Capital Stock Performance

Shares of Orchid Island Capital stock opened at $7.83 on Thursday. The business’s 50 day moving average price is $7.86 and its 200 day moving average price is $8.12. The company has a market cap of $625.23 million, a price-to-earnings ratio of 7.46 and a beta of 1.84. Orchid Island Capital, Inc. has a one year low of $7.41 and a one year high of $9.08.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). During the same quarter in the previous year, the firm posted ($0.28) earnings per share. On average, analysts predict that Orchid Island Capital, Inc. will post -0.25 EPS for the current fiscal year.

Orchid Island Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be paid a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 18.39%. The ex-dividend date of this dividend is Tuesday, December 31st. Orchid Island Capital’s dividend payout ratio (DPR) is 137.14%.

Analysts Set New Price Targets

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 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.