Amalgamated Bank Buys New Stake in Orchid Island Capital, Inc. (NYSE:ORC)

Amalgamated Bank bought a new stake in Orchid Island Capital, Inc. (NYSE:ORC) during the second quarter, according to its most recent filing with the SEC. The firm bought 13,320 shares of the real estate investment trust’s stock, valued at approximately $69,000.

Other large investors have also recently bought and sold shares of the company. Eaton Vance Management acquired a new position in Orchid Island Capital in the 1st quarter valued at $30,000. Wagner Wealth Management LLC acquired a new stake in Orchid Island Capital in the 2nd quarter worth $51,000. Great Lakes Advisors LLC acquired a new stake in Orchid Island Capital in the 2nd quarter worth $53,000. Principal Financial Group Inc. acquired a new stake in Orchid Island Capital in the 2nd quarter worth $57,000. Finally, Ground Swell Capital LLC acquired a new stake in Orchid Island Capital in the 2nd quarter worth $76,000. Institutional investors and hedge funds own 28.32% of the company’s stock.

Several analysts have issued reports on the stock. TheStreet lowered shares of Orchid Island Capital from a “c-” rating to a “d” rating in a research report on Friday, July 30th. Jonestrading upgraded shares of Orchid Island Capital from a “sell” rating to a “hold” rating in a research report on Friday, September 10th. Finally, Zacks Investment Research lowered shares of Orchid Island Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 3rd.

NYSE:ORC opened at $4.85 on Thursday. The company has a 50-day moving average of $4.96 and a 200-day moving average of $5.15. The company has a market capitalization of $781.61 million, a price-to-earnings ratio of -60.63 and a beta of 1.25. Orchid Island Capital, Inc. has a 52 week low of $4.77 and a 52 week high of $6.22.

Orchid Island Capital (NYSE:ORC) last released its quarterly earnings data on Thursday, October 28th. The real estate investment trust reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, equities research analysts predict that Orchid Island Capital, Inc. will post 0.96 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 29th. Stockholders of record on Tuesday, November 30th will be issued a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 16.08%. The ex-dividend date of this dividend is Monday, November 29th. Orchid Island Capital’s payout ratio is -975.00%.

About Orchid Island Capital

Orchid Island Capital, Inc operates as a specialty finance company, which engages in investing in residential mortgage-backed securities (RMBS). Its portfolio consists of traditional pass-through Agency RMBS and structured Agency RMBS. The traditional pass-through Agency RMBS include mortgage pass through certificates and collateralized mortgage obligations.

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

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