Cetera Advisors LLC boosted its holdings in shares of Orchid Island Capital Inc (NYSE:ORC) by 9.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 185,170 shares of the real estate investment trust’s stock after buying an additional 15,470 shares during the quarter. Cetera Advisors LLC’s holdings in Orchid Island Capital were worth $1,221,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Northern Trust Corp increased its position in Orchid Island Capital by 0.3% during the 4th quarter. Northern Trust Corp now owns 592,412 shares of the real estate investment trust’s stock valued at $3,785,000 after buying an additional 1,647 shares in the last quarter. Bank of New York Mellon Corp increased its position in Orchid Island Capital by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 204,780 shares of the real estate investment trust’s stock valued at $1,308,000 after buying an additional 3,062 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Orchid Island Capital by 388.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,134 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 8,059 shares in the last quarter. Bank of America Corp DE increased its position in Orchid Island Capital by 30.9% during the 4th quarter. Bank of America Corp DE now owns 39,393 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 9,304 shares in the last quarter. Finally, Advisor Group Inc. increased its position in Orchid Island Capital by 19.4% during the 4th quarter. Advisor Group Inc. now owns 61,359 shares of the real estate investment trust’s stock valued at $393,000 after buying an additional 9,960 shares in the last quarter. 33.66% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on ORC. Zacks Investment Research raised Orchid Island Capital from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research report on Saturday, February 23rd. ValuEngine raised Orchid Island Capital from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st.

Shares of NYSE:ORC opened at $6.43 on Thursday. Orchid Island Capital Inc has a 1 year low of $5.83 and a 1 year high of $8.35. The stock has a market cap of $327.23 million, a P/E ratio of 4.66 and a beta of 0.40.

Orchid Island Capital (NYSE:ORC) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). Equities analysts predict that Orchid Island Capital Inc will post 0.95 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, April 30th will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 14.93%. The ex-dividend date of this dividend is Monday, April 29th. Orchid Island Capital’s dividend payout ratio is currently 69.57%.

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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 are backed primarily by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS; and structured Agency RMBS, including collateralized mortgage obligations, interest only securities, inverse interest only securities, and principal only securities.

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

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