IndexIQ Advisors LLC lifted its position in shares of Orchid Island Capital Inc (NYSE:ORC) by 595.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 272,615 shares of the real estate investment trust’s stock after buying an additional 233,423 shares during the quarter. IndexIQ Advisors LLC’s holdings in Orchid Island Capital were worth $1,794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Orchid Island Capital by 0.5% in the fourth quarter. BlackRock Inc. now owns 5,263,567 shares of the real estate investment trust’s stock worth $33,634,000 after acquiring an additional 26,030 shares in the last quarter. Vanguard Group Inc increased its position in shares of Orchid Island Capital by 0.6% in the third quarter. Vanguard Group Inc now owns 2,621,675 shares of the real estate investment trust’s stock worth $19,007,000 after acquiring an additional 16,762 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Orchid Island Capital by 0.6% in the third quarter. Vanguard Group Inc. now owns 2,621,675 shares of the real estate investment trust’s stock worth $19,007,000 after acquiring an additional 16,762 shares in the last quarter. Northern Trust Corp increased its position in shares of Orchid Island Capital by 0.3% in the fourth quarter. Northern Trust Corp now owns 592,412 shares of the real estate investment trust’s stock worth $3,785,000 after acquiring an additional 1,647 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Orchid Island Capital by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 568,773 shares of the real estate investment trust’s stock worth $3,634,000 after acquiring an additional 31,436 shares in the last quarter. 33.66% of the stock is currently owned by institutional investors and hedge funds.

ORC has been the subject of several recent research reports. Zacks Investment Research raised shares of Orchid Island Capital from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Saturday, February 23rd. ValuEngine raised shares of Orchid Island Capital from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st.

Orchid Island Capital stock opened at $6.45 on Thursday. Orchid Island Capital Inc has a 52-week low of $5.83 and a 52-week high of $8.35. The firm has a market capitalization of $328.77 million, a PE ratio of 4.67 and a beta of 0.40.

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

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, April 30th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 14.90%. The ex-dividend date is Monday, April 29th. Orchid Island Capital’s payout ratio is 69.57%.

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

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