Orchid Island Capital, Inc. (NYSE:ORC) Stock Holdings Lowered by Wolverine Asset Management LLC

Wolverine Asset Management LLC reduced its holdings in Orchid Island Capital, Inc. (NYSE:ORC) by 67.4% during the fourth quarter, Holdings Channel reports. The firm owned 154,643 shares of the real estate investment trust’s stock after selling 320,212 shares during the period. Wolverine Asset Management LLC’s holdings in Orchid Island Capital were worth $1,203,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORC. Van ECK Associates Corp raised its holdings in shares of Orchid Island Capital by 39.6% in the 3rd quarter. Van ECK Associates Corp now owns 695,131 shares of the real estate investment trust’s stock worth $5,422,000 after purchasing an additional 197,052 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Orchid Island Capital in the third quarter worth approximately $282,000. Quest Partners LLC increased its position in shares of Orchid Island Capital by 385.2% in the third quarter. Quest Partners LLC now owns 124,352 shares of the real estate investment trust’s stock worth $1,022,000 after acquiring an additional 98,723 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Orchid Island Capital in the third quarter worth approximately $121,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Orchid Island Capital by 274.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 586,220 shares of the real estate investment trust’s stock worth $4,819,000 after acquiring an additional 429,689 shares in the last quarter. 32.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a research report on Thursday, January 23rd.

Orchid Island Capital Price Performance

Orchid Island Capital stock opened at $8.92 on Friday. The firm’s 50 day simple moving average is $8.09 and its 200-day simple moving average is $8.02. The company has a market cap of $831.68 million, a P/E ratio of 14.86 and a beta of 1.83. Orchid Island Capital, Inc. has a fifty-two week low of $7.41 and a fifty-two week high of $9.08.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. On average, analysts expect that Orchid Island Capital, Inc. will post 0.37 EPS for the current fiscal year.

Orchid Island Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 16.15%. The ex-dividend date of this dividend is Friday, February 28th. Orchid Island Capital’s payout ratio is presently 240.00%.

Orchid Island Capital 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.