Fox Run Management L.L.C. Takes Position in Orchid Island Capital, Inc. (ORC)

Fox Run Management L.L.C. bought a new position in Orchid Island Capital, Inc. (NYSE:ORC) during the second quarter, according to its most recent filing with the SEC. The firm bought 16,200 shares of the real estate investment trust’s stock, valued at approximately $160,000.

A number of other institutional investors also recently made changes to their positions in the company. Sheaff Brock Investment Advisors LLC raised its position in shares of Orchid Island Capital by 1.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 11,398 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 205 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Orchid Island Capital by 11.4% in the first quarter. Wells Fargo & Company MN now owns 21,183 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 2,176 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Orchid Island Capital by 29.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 21,282 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 4,898 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Orchid Island Capital by 44.4% in the first quarter. Alliancebernstein L.P. now owns 19,200 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 5,900 shares during the last quarter. Finally, American International Group Inc. raised its position in shares of Orchid Island Capital by 58.1% in the first quarter. American International Group Inc. now owns 18,606 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 6,836 shares during the last quarter. 20.49% of the stock is owned by hedge funds and other institutional investors.

Orchid Island Capital, Inc. (NYSE ORC) opened at 9.58 on Friday. Orchid Island Capital, Inc. has a 1-year low of $9.18 and a 1-year high of $12.60. The firm’s market capitalization is $434.00 million. The stock’s 50 day moving average is $9.82 and its 200-day moving average is $10.33.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.68. Analysts forecast that Orchid Island Capital, Inc. will post $1.09 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 31st will be paid a $0.14 dividend. This represents a $1.68 annualized dividend and a yield of 17.54%. The ex-dividend date of this dividend is Tuesday, August 29th. Orchid Island Capital’s dividend payout ratio (DPR) is currently -2,799.53%.

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A number of equities analysts recently weighed in on the stock. TheStreet lowered shares of Orchid Island Capital from a “c” rating to a “d” rating in a research note on Monday, July 31st. BidaskClub lowered shares of Orchid Island Capital from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.

In other Orchid Island Capital news, Director W Coleman Bitting acquired 2,912 shares of Orchid Island Capital stock in a transaction dated Monday, June 19th. The stock was purchased at an average cost of $10.10 per share, for a total transaction of $29,411.20. Following the completion of the acquisition, the director now directly owns 18,650 shares of the company’s stock, valued at $188,365. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.88% of the company’s stock.

Orchid Island Capital Company Profile

Orchid Island Capital, Inc is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions.

Institutional Ownership by Quarter for Orchid Island Capital (NYSE:ORC)

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