Nisa Investment Advisors LLC Has $378,000 Position in Orchid Island Capital, Inc. (NYSE:ORC)

Nisa Investment Advisors LLC lifted its position in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 7.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 47,858 shares of the real estate investment trust’s stock after acquiring an additional 3,410 shares during the period. Nisa Investment Advisors LLC’s holdings in Orchid Island Capital were worth $378,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ORC. Geode Capital Management LLC grew its stake in Orchid Island Capital by 34.3% during the third quarter. Geode Capital Management LLC now owns 1,650,122 shares of the real estate investment trust’s stock worth $13,566,000 after buying an additional 421,718 shares in the last quarter. State Street Corp raised its holdings in Orchid Island Capital by 13.0% in the 3rd 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 last quarter. Van ECK Associates Corp increased its holdings in Orchid Island Capital by 39.6% in the third 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. Charles Schwab Investment Management Inc. lifted its stake in shares of Orchid Island Capital by 274.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 586,220 shares of the real estate investment trust’s stock worth $4,819,000 after acquiring an additional 429,689 shares during the period. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Orchid Island Capital during the third quarter worth $3,903,000. Institutional investors and hedge funds own 32.74% of the company’s stock.

Analyst Upgrades and Downgrades

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

Orchid Island Capital Trading Down 1.1 %

ORC opened at $7.89 on Thursday. Orchid Island Capital, Inc. has a 12 month low of $7.41 and a 12 month high of $9.08. The business’s 50-day moving average price is $7.89 and its 200-day moving average price is $8.01. The company has a market cap of $629.62 million, a P/E ratio of 7.51 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. Investors of record on Friday, January 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.44 annualized dividend and a dividend yield of 18.26%. Orchid Island Capital’s payout ratio is presently 137.14%.

Orchid Island Capital 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.