Significant Wealth Partners LLC Invests $1.06 Million in Orchid Island Capital, Inc. (NYSE:ORC)

Significant Wealth Partners LLC acquired a new stake in shares of Orchid Island Capital, Inc. (NYSE:ORC) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 125,192 shares of the real estate investment trust’s stock, valued at approximately $1,055,000.

A number of other large investors also recently bought and sold shares of the business. Strs Ohio lifted its stake in shares of Orchid Island Capital by 15.1% during the 4th quarter. Strs Ohio now owns 10,700 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 1,400 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Orchid Island Capital by 12.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 12,600 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 1,420 shares in the last quarter. Jump Financial LLC acquired a new stake in Orchid Island Capital in the third quarter valued at approximately $112,000. SG Americas Securities LLC purchased a new position in Orchid Island Capital in the third quarter worth $161,000. Finally, Penserra Capital Management LLC increased its position in shares of Orchid Island Capital by 14.5% during the third quarter. Penserra Capital Management LLC now owns 47,373 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 5,989 shares in the last quarter. Institutional investors own 32.74% of the company’s stock.

Orchid Island Capital Price Performance

NYSE:ORC traded up $0.09 during midday trading on Monday, hitting $8.35. The company’s stock had a trading volume of 488,183 shares, compared to its average volume of 1,139,858. Orchid Island Capital, Inc. has a fifty-two week low of $5.90 and a fifty-two week high of $11.27. The firm’s 50 day moving average is $8.55 and its 200-day moving average is $8.05.

Orchid Island Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 30th. Investors of record on Tuesday, April 30th will be paid a $0.12 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.44 annualized dividend and a dividend yield of 17.25%. Orchid Island Capital’s dividend payout ratio is presently -175.61%.

Analyst Upgrades and Downgrades

ORC has been the topic of several recent analyst reports. StockNews.com raised Orchid Island Capital to a “sell” rating in a research report on Friday, February 9th. JMP Securities restated a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday.

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.