Rhumbline Advisers lifted its stake in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 23.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,872 shares of the real estate investment trust’s stock after buying an additional 7,265 shares during the quarter. Rhumbline Advisers owned about 0.08% of Orchid Island Capital worth $373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of Orchid Island Capital by 11.4% during the 1st quarter. Wells Fargo & Company MN now owns 21,183 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 2,176 shares during the period. Metropolitan Life Insurance Co. NY grew its position in shares of Orchid Island Capital by 29.9% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 21,282 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 4,898 shares during the period. Alliancebernstein L.P. grew its position in shares of Orchid Island Capital by 44.4% during the 1st quarter. Alliancebernstein L.P. now owns 19,200 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 5,900 shares during the period. American International Group Inc. grew its position in shares of Orchid Island Capital by 58.1% during the 1st quarter. American International Group Inc. now owns 18,606 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 6,836 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Orchid Island Capital by 151.7% during the 1st quarter. Bank of America Corp DE now owns 13,067 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 7,875 shares during the period. 23.58% of the stock is owned by institutional investors.

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Shares of Orchid Island Capital, Inc. (NYSE ORC) opened at 10.31 on Friday. The stock’s 50 day moving average is $9.96 and its 200 day moving average is $10.08. Orchid Island Capital, Inc. has a 12 month low of $9.18 and a 12 month high of $12.60. The firm’s market cap is $467.07 million.

Orchid Island Capital (NYSE:ORC) last posted its earnings results on Monday, July 31st. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.68). Equities research analysts expect that Orchid Island Capital, Inc. will post $0.78 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.68 annualized dividend and a dividend yield of 16.29%. Orchid Island Capital’s dividend payout ratio (DPR) is presently -2,799.53%.

Several analysts have recently commented on ORC shares. BidaskClub downgraded shares of Orchid Island Capital from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. TheStreet downgraded shares of Orchid Island Capital from a “c” rating to a “d” rating in a research report on Monday, July 31st.

Orchid Island Capital Profile

Orchid Island Capital, Inc is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions.

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Institutional Ownership by Quarter for Orchid Island Capital (NYSE:ORC)

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