Orchid Island Capital, Inc. (NYSE:ORC) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 89.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,525 shares of the real estate investment trust’s stock after purchasing an additional 29,073 shares during the period. JPMorgan Chase & Co.’s holdings in Orchid Island Capital were worth $506,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in Orchid Island Capital in the second quarter valued at approximately $134,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Orchid Island Capital by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,521 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 1,422 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Orchid Island Capital by 10.2% in the 2nd quarter. Cetera Investment Advisers now owns 183,678 shares of the real estate investment trust’s stock valued at $1,532,000 after buying an additional 17,029 shares during the last quarter. Founders Financial Alliance LLC raised its stake in Orchid Island Capital by 52.9% during the 2nd quarter. Founders Financial Alliance LLC now owns 107,961 shares of the real estate investment trust’s stock worth $900,000 after acquiring an additional 37,366 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Orchid Island Capital in the third quarter valued at $218,000. Institutional investors and hedge funds own 32.74% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Orchid Island Capital in a report on Thursday, January 23rd.

Orchid Island Capital Stock Up 0.9 %

ORC opened at $7.98 on Wednesday. Orchid Island Capital, Inc. has a 52 week low of $7.41 and a 52 week high of $9.08. The business’s 50 day moving average is $7.89 and its two-hundred day moving average is $8.01. The firm has a market cap of $636.80 million, a price-to-earnings ratio of 7.60 and a beta of 1.82.

Orchid Island Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, January 31st will be issued a $0.12 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 18.06%. Orchid Island Capital’s payout ratio is 137.14%.

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.