Vanguard Group Inc. raised its stake in Orchid Island Capital, Inc. (NYSE:ORC) by 25.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,134,132 shares of the real estate investment trust’s stock after buying an additional 229,968 shares during the period. Vanguard Group Inc. owned about 3.31% of Orchid Island Capital worth $11,330,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ORC. Sheaff Brock Investment Advisors LLC increased its stake in Orchid Island Capital by 1.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 11,398 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 205 shares during the last quarter. Wells Fargo & Company MN increased its stake in Orchid Island Capital by 11.4% in the first quarter. Wells Fargo & Company MN now owns 21,183 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 2,176 shares during the last quarter. Alliancebernstein L.P. increased its stake in Orchid Island Capital by 44.4% in the first quarter. Alliancebernstein L.P. now owns 19,200 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 5,900 shares during the last quarter. American International Group Inc. increased its stake in Orchid Island Capital by 58.1% in the first quarter. American International Group Inc. now owns 18,606 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 6,836 shares during the last quarter. Finally, IndexIQ Advisors LLC increased its stake in Orchid Island Capital by 42.6% in the first quarter. IndexIQ Advisors LLC now owns 33,942 shares of the real estate investment trust’s stock valued at $339,000 after buying an additional 10,132 shares during the last quarter. 23.58% of the stock is owned by institutional investors.

Orchid Island Capital, Inc. (NYSE:ORC) traded up 0.571% during midday trading on Thursday, hitting $9.695. 166,779 shares of the stock traded hands. The stock’s 50-day moving average price is $9.75 and its 200-day moving average price is $10.18. Orchid Island Capital, Inc. has a 52 week low of $9.18 and a 52 week high of $12.60. The stock’s market capitalization is $439.21 million.

Orchid Island Capital (NYSE:ORC) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.68. Equities research analysts expect that Orchid Island Capital, Inc. will post $0.78 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 31st will be paid a $0.14 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 17.43%. The ex-dividend date is Tuesday, August 29th. Orchid Island Capital’s dividend payout ratio (DPR) is presently -2,799.53%.

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Several equities research analysts have recently commented on the stock. BidaskClub raised shares of Orchid Island Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. TheStreet downgraded shares of Orchid Island Capital from a “c” rating to a “d” rating in a research report on Monday, July 31st.

In other news, Director W Coleman Bitting bought 2,912 shares of Orchid Island Capital stock in a transaction on Monday, June 19th. The stock was acquired at an average cost of $10.10 per share, for a total transaction of $29,411.20. Following the completion of the acquisition, the director now owns 18,650 shares of the company’s stock, valued at approximately $188,365. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.88% of the stock is owned by corporate insiders.

About Orchid Island Capital

Orchid Island Capital, Inc is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions.

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

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