Orchid Island Capital, Inc. (NYSE:ORC) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC cut its holdings in Orchid Island Capital, Inc. (NYSE:ORC) by 67.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 154,643 shares of the real estate investment trust’s stock after selling 320,212 shares during the period. Wolverine Asset Management LLC owned about 0.19% of Orchid Island Capital worth $1,203,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ORC. Van ECK Associates Corp boosted its holdings in shares of Orchid Island Capital by 39.6% in the 3rd quarter. Van ECK Associates Corp now owns 695,131 shares of the real estate investment trust’s stock valued at $5,422,000 after buying an additional 197,052 shares during the period. Entropy Technologies LP acquired a new position in Orchid Island Capital during the 3rd quarter valued at about $282,000. Quest Partners LLC boosted its stake in Orchid Island Capital by 385.2% during the 3rd quarter. Quest Partners LLC now owns 124,352 shares of the real estate investment trust’s stock valued at $1,022,000 after purchasing an additional 98,723 shares during the period. Intech Investment Management LLC acquired a new position in Orchid Island Capital during the 3rd quarter valued at about $121,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Orchid Island Capital by 274.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,220 shares of the real estate investment trust’s stock valued at $4,819,000 after purchasing an additional 429,689 shares during the period. 32.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd.

Orchid Island Capital Stock Up 0.5 %

Orchid Island Capital stock opened at $8.92 on Friday. The firm has a 50-day moving average price of $8.09 and a two-hundred day moving average price of $8.02. The firm has a market capitalization of $831.68 million, a price-to-earnings ratio of 14.86 and a beta of 1.83. Orchid Island Capital, Inc. has a 52-week low of $7.41 and a 52-week high of $9.08.

Orchid Island Capital (NYSE:ORC) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. Research analysts expect that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current year.

Orchid Island Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.15%. Orchid Island Capital’s dividend payout ratio (DPR) is 240.00%.

Orchid Island Capital Company 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.