16,356 Shares in Orchid Island Capital, Inc. (NYSE:ORC) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in Orchid Island Capital, Inc. (NYSE:ORC) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 16,356 shares of the real estate investment trust’s stock, valued at approximately $127,000.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Orchid Island Capital by 12.1% in the fourth quarter. Vanguard Group Inc. now owns 4,238,780 shares of the real estate investment trust’s stock valued at $32,978,000 after acquiring an additional 456,209 shares during the last quarter. Founders Financial Alliance LLC increased its position in Orchid Island Capital by 9.1% during the 4th quarter. Founders Financial Alliance LLC now owns 139,563 shares of the real estate investment trust’s stock worth $1,086,000 after purchasing an additional 11,649 shares in the last quarter. Inceptionr LLC raised its holdings in Orchid Island Capital by 227.2% in the fourth quarter. Inceptionr LLC now owns 41,863 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 29,070 shares during the period. Proficio Capital Partners LLC acquired a new position in Orchid Island Capital during the fourth quarter valued at approximately $82,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Orchid Island Capital by 13.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 663,655 shares of the real estate investment trust’s stock worth $5,163,000 after buying an additional 77,435 shares during the period. 32.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JMP Securities restated a “market perform” rating on shares of Orchid Island Capital in a report on Thursday, January 23rd. StockNews.com cut Orchid Island Capital from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th.

Orchid Island Capital Trading Down 2.8 %

NYSE ORC opened at $7.25 on Thursday. The company’s fifty day simple moving average is $8.29 and its 200-day simple moving average is $8.04. The stock has a market cap of $676.38 million, a P/E ratio of 12.08 and a beta of 1.90. Orchid Island Capital, Inc. has a 52 week low of $7.22 and a 52 week high of $9.01.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. On average, research analysts expect that Orchid Island Capital, Inc. will post 0.37 EPS for the current fiscal year.

Orchid Island Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, March 31st. This represents a $1.44 annualized dividend and a yield of 19.86%. Orchid Island Capital’s dividend payout ratio is presently 240.00%.

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 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.