New Age Alpha Advisors LLC Buys New Shares in Orchid Island Capital, Inc. (NYSE:ORC)

New Age Alpha Advisors LLC bought a new position in shares of Orchid Island Capital, Inc. (NYSE:ORC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,356 shares of the real estate investment trust’s stock, valued at approximately $127,000.

Several other large investors also recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its stake in shares of Orchid Island Capital by 7.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 3,410 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Orchid Island Capital by 29.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 26,466 shares of the real estate investment trust’s stock worth $218,000 after purchasing an additional 5,945 shares during the last quarter. SG Americas Securities LLC increased its holdings in Orchid Island Capital by 23.2% in the fourth quarter. SG Americas Securities LLC now owns 32,727 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 6,173 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in Orchid Island Capital in the third quarter valued at $58,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of Orchid Island Capital by 32.6% in the 3rd quarter. MetLife Investment Management LLC now owns 40,851 shares of the real estate investment trust’s stock valued at $336,000 after buying an additional 10,032 shares in the last quarter. Hedge funds and other institutional investors own 32.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORC. JMP Securities reaffirmed a “market perform” rating on shares of Orchid Island Capital in a report on Thursday, January 23rd. StockNews.com downgraded Orchid Island Capital from a “hold” rating to a “sell” rating in a report on Thursday, March 27th.

Orchid Island Capital Stock Performance

Shares of NYSE:ORC opened at $7.25 on Thursday. The business’s fifty day moving average price is $8.29 and its two-hundred day moving average price is $8.04. Orchid Island Capital, Inc. has a one year low of $7.22 and a one year high of $9.01. The stock has a market cap of $676.38 million, a PE ratio of 12.08 and a beta of 1.90.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. As a group, equities research analysts predict that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current fiscal year.

Orchid Island Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Monday, March 31st will be given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 19.86%. The ex-dividend date is Monday, March 31st. Orchid Island Capital’s dividend payout ratio is currently 240.00%.

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.