Orchid Island Capital (ORC) Set to Announce Quarterly Earnings on Thursday

Orchid Island Capital (NYSE:ORC) is set to post its quarterly earnings results after the market closes on Thursday, April 25th. Parties that wish to register for the company’s conference call can do so using this link.

Orchid Island Capital Trading Up 0.7 %

ORC stock opened at $8.16 on Thursday. The stock has a market cap of $418.61 million, a P/E ratio of -9.95 and a beta of 1.83. The stock’s fifty day simple moving average is $8.55 and its two-hundred day simple moving average is $8.04. Orchid Island Capital has a 1-year low of $5.90 and a 1-year high of $11.27.

Orchid Island Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.65%. The ex-dividend date of this dividend is Monday, April 29th. Orchid Island Capital’s payout ratio is -175.61%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Orchid Island Capital to a “sell” rating in a research report on Friday, February 9th.

Hedge Funds Weigh In On Orchid Island Capital

Several institutional investors have recently bought and sold shares of ORC. Bank of New York Mellon Corp lifted its position in shares of Orchid Island Capital by 6.3% during the 1st quarter. Bank of New York Mellon Corp now owns 476,111 shares of the real estate investment trust’s stock valued at $1,548,000 after buying an additional 28,074 shares during the last quarter. MetLife Investment Management LLC raised its stake in Orchid Island Capital by 178.8% in the 1st quarter. MetLife Investment Management LLC now owns 73,169 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 46,924 shares during the period. Vanguard Group Inc. lifted its holdings in Orchid Island Capital by 50.3% during the first quarter. Vanguard Group Inc. now owns 10,183,641 shares of the real estate investment trust’s stock valued at $33,097,000 after purchasing an additional 3,406,623 shares during the last quarter. Penserra Capital Management LLC boosted its position in Orchid Island Capital by 29.0% during the first quarter. Penserra Capital Management LLC now owns 60,851 shares of the real estate investment trust’s stock worth $197,000 after purchasing an additional 13,680 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Orchid Island Capital by 1.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 371,618 shares of the real estate investment trust’s stock worth $1,208,000 after purchasing an additional 6,844 shares in the last quarter. Hedge funds and other institutional investors own 32.74% of the company’s stock.

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.