Commonwealth Equity Services LLC Has $618,000 Stake in Orchid Island Capital, Inc. (NYSE:ORC)

Commonwealth Equity Services LLC trimmed its position in shares of Orchid Island Capital, Inc. (NYSE:ORC – Get Rating) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,935 shares of the real estate investment trust’s stock after selling 5,112 shares during the quarter. Commonwealth Equity Services LLC owned 0.16% of Orchid Island Capital worth $618,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its position in shares of Orchid Island Capital by 77.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 50,297 shares of the real estate investment trust’s stock worth $528,000 after purchasing an additional 22,000 shares during the period. Balyasny Asset Management LLC lifted its stake in Orchid Island Capital by 1,436.8% during the 3rd quarter. Balyasny Asset Management LLC now owns 1,494,875 shares of the real estate investment trust’s stock valued at $12,258,000 after acquiring an additional 1,397,606 shares in the last quarter. Jane Street Group LLC lifted its stake in Orchid Island Capital by 277.2% during the 3rd quarter. Jane Street Group LLC now owns 33,361 shares of the real estate investment trust’s stock valued at $274,000 after acquiring an additional 24,517 shares in the last quarter. Almitas Capital LLC bought a new position in Orchid Island Capital during the 3rd quarter valued at $9,548,000. Finally, Renaissance Technologies LLC lifted its stake in Orchid Island Capital by 292.9% during the 3rd quarter. Renaissance Technologies LLC now owns 57,360 shares of the real estate investment trust’s stock valued at $470,000 after acquiring an additional 42,760 shares in the last quarter. 34.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Orchid Island Capital in a research note on Thursday, May 18th. They set a “sell” rating on the stock.

Orchid Island Capital Trading Down 2.6 %

Shares of NYSE:ORC opened at $9.64 on Friday. The stock has a market cap of $377.21 million, a PE ratio of -3.15 and a beta of 1.64. Orchid Island Capital, Inc. has a 1-year low of $7.95 and a 1-year high of $16.40. The stock’s fifty day simple moving average is $10.41 and its two-hundred day simple moving average is $10.88.

Orchid Island Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Wednesday, May 31st will be paid a dividend of $0.16 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 19.92%. The ex-dividend date of this dividend is Tuesday, May 30th. Orchid Island Capital’s payout ratio is -62.74%.

Orchid Island Capital Company Profile

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Orchid Island Capital, Inc operates as a specialty finance company, investing in residential mortgage-backed securities (RMBS). Its portfolio consists of traditional pass-through Agency RMBS and structured Agency RMBS. The traditional pass-through Agency RMBS include mortgage pass through certificates and collateralized mortgage obligations.