Orchid Island Capital Inc (NYSE:ORC) Director W Coleman Bitting purchased 1,930 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was acquired at an average cost of $7.44 per share, with a total value of $14,359.20. Following the transaction, the director now directly owns 19,014 shares of the company’s stock, valued at $141,464.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NYSE:ORC traded down $0.21 during mid-day trading on Friday, hitting $7.29. The company’s stock had a trading volume of 1,140,900 shares, compared to its average volume of 895,612. Orchid Island Capital Inc has a fifty-two week low of $6.77 and a fifty-two week high of $10.47. The firm has a market capitalization of $397.54 million, a PE ratio of 8.85 and a beta of 0.32.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.32). equities research analysts expect that Orchid Island Capital Inc will post 1.49 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which was paid on Monday, September 10th. Investors of record on Friday, August 31st were given a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 13.17%. The ex-dividend date of this dividend was Thursday, August 30th. Orchid Island Capital’s dividend payout ratio (DPR) is presently 114.29%.

Several research analysts recently issued reports on the stock. ValuEngine raised shares of Orchid Island Capital from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 6th. Zacks Investment Research lowered shares of Orchid Island Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd.

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in shares of Orchid Island Capital by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 202,006 shares of the real estate investment trust’s stock worth $1,519,000 after buying an additional 9,615 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Orchid Island Capital by 16.4% during the second quarter. California Public Employees Retirement System now owns 56,909 shares of the real estate investment trust’s stock worth $428,000 after buying an additional 8,009 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of Orchid Island Capital by 57.1% during the second quarter. Metropolitan Life Insurance Co. NY now owns 22,090 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 8,029 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Orchid Island Capital by 2,271.1% during the second quarter. Bank of America Corp DE now owns 116,348 shares of the real estate investment trust’s stock worth $875,000 after buying an additional 111,441 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Orchid Island Capital by 42.4% during the second quarter. Voya Investment Management LLC now owns 20,914 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 6,231 shares in the last quarter. 33.08% of the stock is owned by hedge funds and other institutional investors.

About Orchid Island Capital

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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