Orchid Island Capital, Inc. (NYSE:ORC) Short Interest Update

Orchid Island Capital, Inc. (NYSE:ORC) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 5,930,000 shares, a decrease of 16.2% from the November 30th total of 7,080,000 shares. Approximately 7.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,920,000 shares, the days-to-cover ratio is currently 3.1 days.

Hedge Funds Weigh In On Orchid Island Capital

Hedge funds have recently modified their holdings of the stock. State Street Corp raised its position in Orchid Island Capital by 13.0% during the third quarter. State Street Corp now owns 1,073,495 shares of the real estate investment trust’s stock valued at $8,952,000 after buying an additional 123,239 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Orchid Island Capital by 274.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,220 shares of the real estate investment trust’s stock valued at $4,819,000 after acquiring an additional 429,689 shares in the last quarter. Van ECK Associates Corp increased 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 valued at $5,422,000 after purchasing an additional 197,052 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of Orchid Island Capital in the third quarter worth approximately $3,903,000. Finally, Quest Partners LLC boosted its holdings in shares of Orchid Island Capital by 385.2% during the third quarter. Quest Partners LLC now owns 124,352 shares of the real estate investment trust’s stock worth $1,022,000 after purchasing an additional 98,723 shares during the period. 32.74% of the stock is currently owned by institutional investors and hedge funds.

Orchid Island Capital Trading Up 0.4 %

ORC stock traded up $0.03 during trading hours on Friday, hitting $7.88. 1,896,558 shares of the stock traded hands, compared to its average volume of 1,655,592. The stock has a 50-day simple moving average of $7.85 and a 200 day simple moving average of $8.09. The company has a market cap of $629.22 million, a P/E ratio of 7.50 and a beta of 1.84. Orchid Island Capital has a one year low of $7.41 and a one year high of $9.08.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). During the same quarter in the prior year, the business posted ($0.28) EPS. Analysts forecast that Orchid Island Capital will post -0.25 earnings per share for the current year.

Orchid Island Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 18.27%. Orchid Island Capital’s dividend payout ratio (DPR) is presently 137.14%.

Orchid Island Capital Company 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.