VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 137,850 Orchid Island Capital, Inc. $ORC

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Orchid Island Capital, Inc. (NYSE:ORC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 137,850 shares of the real estate investment trust’s stock, valued at approximately $993,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.08% of Orchid Island Capital as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORC. CWM LLC grew its holdings in Orchid Island Capital by 123.1% during the third quarter. CWM LLC now owns 4,534 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 2,502 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Orchid Island Capital in the second quarter valued at approximately $55,000. Rogco LP grew its stake in shares of Orchid Island Capital by 115.5% in the third quarter. Rogco LP now owns 7,975 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 4,275 shares during the last quarter. TIAA Trust National Association bought a new position in Orchid Island Capital during the third quarter worth $70,000. Finally, My Personal CFO LLC acquired a new position in Orchid Island Capital during the 4th quarter valued at $72,000. Institutional investors and hedge funds own 32.74% of the company’s stock.

Orchid Island Capital Price Performance

NYSE:ORC opened at $6.85 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 509.34 and a current ratio of 509.34. The company has a 50-day moving average of $7.08 and a 200-day moving average of $7.35. Orchid Island Capital, Inc. has a 52 week low of $6.62 and a 52 week high of $8.40. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 9.13 and a beta of 1.57.

Orchid Island Capital (NYSE:ORC) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of ($12.56) million during the quarter, compared to the consensus estimate of $33.03 million.

Orchid Island Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, May 29th will be paid a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 17.5%. The ex-dividend date is Friday, May 29th. Orchid Island Capital’s dividend payout ratio is currently 160.00%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, May 5th. Weiss Ratings lowered Orchid Island Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Orchid Island Capital currently has an average rating of “Reduce” and a consensus target price of $7.50.

Orchid Island Capital Profile

Orchid Island Capital is a real estate investment trust that specializes in investing in residential mortgage‐backed securities (RMBS), with a primary focus on mortgage pass‐through securities guaranteed by the Government National Mortgage Association (Ginnie Mae). Structured to elect and maintain status as a REIT under the U.S. Internal Revenue Code, the company’s principal business strategy involves acquiring pools of U.S. residential mortgages in the secondary market and holding them to generate interest income.