Orchid Island Capital, Inc. (NYSE:ORC) Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC grew its holdings in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 22.9% during the third quarter, Holdings Channel.com reports. The firm owned 114,059 shares of the real estate investment trust’s stock after buying an additional 21,235 shares during the quarter. Penserra Capital Management LLC’s holdings in Orchid Island Capital were worth $937,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ORC. Allspring Global Investments Holdings LLC bought a new position in Orchid Island Capital in the 2nd quarter valued at about $28,000. Prairie Sky Financial Group LLC bought a new position in shares of Orchid Island Capital in the third quarter valued at approximately $105,000. Intech Investment Management LLC bought a new position in shares of Orchid Island Capital in the third quarter valued at approximately $121,000. Worth Asset Management LLC acquired a new position in shares of Orchid Island Capital during the second quarter valued at approximately $123,000. Finally, AQR Capital Management LLC bought a new stake in Orchid Island Capital during the second quarter worth approximately $134,000. 32.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Orchid Island Capital Trading Up 0.6 %

Shares of NYSE ORC opened at $7.93 on Thursday. The firm has a 50-day moving average of $7.90 and a two-hundred day moving average of $8.19. The company has a market capitalization of $621.48 million, a price-to-earnings ratio of 7.55 and a beta of 1.85. Orchid Island Capital, Inc. has a twelve month low of $7.30 and a twelve month high of $9.08.

Orchid Island Capital (NYSE:ORC) last issued 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 quarter in the prior year, the firm earned ($0.28) EPS. As a group, research analysts predict that Orchid Island Capital, Inc. will post -0.25 earnings per share for the current year.

Orchid Island Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, November 29th will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 18.17%. The ex-dividend date is Friday, November 29th. Orchid Island Capital’s payout ratio is 137.14%.

About Orchid Island Capital

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.