Orchid Island Capital, Inc. (NYSE:ORC) Short Interest Down 16.2% in December

Orchid Island Capital, Inc. (NYSE:ORC) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 5,930,000 shares, a decrease of 16.2% from the November 30th total of 7,080,000 shares. Currently, 7.6% of the company’s shares are short sold. Based on an average daily volume of 1,920,000 shares, the days-to-cover ratio is presently 3.1 days.

Orchid Island Capital Trading Down 0.4 %

NYSE ORC traded down $0.03 during trading hours on Tuesday, hitting $7.78. 1,980,253 shares of the company’s stock were exchanged, compared to its average volume of 1,665,527. Orchid Island Capital has a 1-year low of $7.41 and a 1-year high of $9.08. The stock has a 50-day simple moving average of $7.85 and a 200 day simple moving average of $8.09. The firm has a market cap of $621.23 million, a price-to-earnings ratio of 7.41 and a beta of 1.84.

Orchid Island Capital (NYSE:ORC) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). During the same period in the prior year, the firm earned ($0.28) earnings per share. On average, sell-side analysts anticipate that Orchid Island Capital will post -0.25 earnings per share for the current fiscal year.

Orchid Island Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 18.51%. The ex-dividend date is Tuesday, December 31st. Orchid Island Capital’s dividend payout ratio (DPR) is presently 137.14%.

Institutional Trading of Orchid Island Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of Orchid Island Capital by 12.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 169,547 shares of the real estate investment trust’s stock worth $1,414,000 after purchasing an additional 19,338 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Orchid Island Capital during the 2nd quarter worth approximately $28,000. Commonwealth Equity Services LLC raised its holdings in shares of Orchid Island Capital by 2.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 70,444 shares of the real estate investment trust’s stock worth $588,000 after purchasing an additional 1,904 shares during the period. Van ECK Associates Corp lifted its stake in Orchid Island Capital by 25.0% in the second quarter. Van ECK Associates Corp now owns 498,079 shares of the real estate investment trust’s stock valued at $4,154,000 after purchasing an additional 99,713 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Orchid Island Capital by 8.7% in the second quarter. Rhumbline Advisers now owns 84,740 shares of the real estate investment trust’s stock valued at $707,000 after buying an additional 6,796 shares during the period. 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.