Orchid Island Capital, Inc. $ORC Shares Acquired by UBS Group AG

UBS Group AG lifted its position in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 54.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,156,156 shares of the real estate investment trust’s stock after buying an additional 408,339 shares during the period. UBS Group AG owned approximately 0.63% of Orchid Island Capital worth $8,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in ORC. Advisors Asset Management Inc. acquired a new stake in Orchid Island Capital during the 3rd quarter worth $972,000. JPMorgan Chase & Co. grew its holdings in Orchid Island Capital by 295.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 234,720 shares of the real estate investment trust’s stock worth $1,645,000 after acquiring an additional 175,311 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Orchid Island Capital during the 3rd quarter worth $1,412,000. GraniteShares Advisors LLC acquired a new stake in Orchid Island Capital during the 4th quarter worth $2,673,000. Finally, SG Americas Securities LLC acquired a new stake in Orchid Island Capital during the 4th quarter worth $552,000. Institutional investors and hedge funds own 32.74% of the company’s stock.

Orchid Island Capital Trading Down 0.2%

ORC opened at $6.85 on Monday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 9.13 and a beta of 1.57. Orchid Island Capital, Inc. has a 12 month low of $6.62 and a 12 month high of $8.40. The firm’s fifty day simple moving average is $7.08 and its 200 day simple moving average is $7.35. The company has a current ratio of 509.34, a quick ratio of 509.34 and a debt-to-equity ratio of 0.26.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The company had revenue of ($12.56) million during the quarter, compared to the consensus estimate of $33.03 million.

Orchid Island Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be given a $0.10 dividend. This represents a c) annualized dividend and a yield of 17.5%. The ex-dividend date of this dividend is Friday, May 29th. Orchid Island Capital’s payout ratio is currently 160.00%.

Wall Street Analysts Forecast Growth

ORC has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Orchid Island Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $7.50.

Orchid Island Capital Profile

Orchid Island Capital is a real estate investment trust that specializes in investing in residential mortgage‐backed securities (RMBS), with a primary focus on mortgage pass‐through securities guaranteed by the Government National Mortgage Association (Ginnie Mae). Structured to elect and maintain status as a REIT under the U.S. Internal Revenue Code, the company’s principal business strategy involves acquiring pools of U.S. residential mortgages in the secondary market and holding them to generate interest income.