14,425 Shares in Orchid Island Capital, Inc. $ORC Bought by Verus Capital Partners LLC

Verus Capital Partners LLC purchased a new stake in shares of Orchid Island Capital, Inc. (NYSE:ORC) in the second quarter, according to its most recent filing with the SEC. The firm purchased 14,425 shares of the real estate investment trust’s stock, valued at approximately $101,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bogart Wealth LLC grew its stake in shares of Orchid Island Capital by 64.2% during the 2nd quarter. Bogart Wealth LLC now owns 3,940 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,540 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Orchid Island Capital by 4.8% during the second quarter. Nisa Investment Advisors LLC now owns 50,248 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 2,315 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Orchid Island Capital by 52.1% during the 1st quarter. Russell Investments Group Ltd. now owns 9,379 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 3,214 shares in the last quarter. US Bancorp DE raised its position in shares of Orchid Island Capital by 1,123.1% during the 1st quarter. US Bancorp DE now owns 3,816 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 3,504 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Orchid Island Capital by 2.4% in the 1st quarter. Cetera Investment Advisers now owns 205,868 shares of the real estate investment trust’s stock worth $1,548,000 after buying an additional 4,917 shares during the last quarter. 32.74% of the stock is currently owned by hedge funds and other institutional investors.

Orchid Island Capital Price Performance

Shares of NYSE:ORC traded up $0.02 on Thursday, reaching $7.33. The company’s stock had a trading volume of 348,874 shares, compared to its average volume of 4,147,313. The stock’s 50-day moving average is $7.23 and its two-hundred day moving average is $7.14. Orchid Island Capital, Inc. has a 52-week low of $5.68 and a 52-week high of $9.01. The stock has a market capitalization of $1.11 billion, a P/E ratio of 14.95 and a beta of 1.57.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $77.52 million during the quarter, compared to analyst estimates of $25.33 million. Equities analysts forecast that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current fiscal year.

Orchid Island Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, November 28th will be given a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 19.7%. The ex-dividend date is Friday, November 28th. Orchid Island Capital’s dividend payout ratio is currently 293.88%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ORC. Wall Street Zen raised shares of Orchid Island Capital from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Orchid Island Capital in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

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.