Founders Financial Alliance LLC Has $1.09 Million Stock Holdings in Orchid Island Capital, Inc. (NYSE:ORC)

Founders Financial Alliance LLC lifted its holdings in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,563 shares of the real estate investment trust’s stock after buying an additional 11,649 shares during the period. Founders Financial Alliance LLC’s holdings in Orchid Island Capital were worth $1,086,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Inceptionr LLC boosted its stake in shares of Orchid Island Capital by 227.2% during the 4th quarter. Inceptionr LLC now owns 41,863 shares of the real estate investment trust’s stock worth $326,000 after buying an additional 29,070 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Orchid Island Capital in the 4th quarter valued at about $82,000. Charles Schwab Investment Management Inc. lifted its stake in Orchid Island Capital by 13.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 663,655 shares of the real estate investment trust’s stock valued at $5,163,000 after purchasing an additional 77,435 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Orchid Island Capital in the 4th quarter valued at about $646,000. Finally, Bank of New York Mellon Corp lifted its stake in Orchid Island Capital by 11.2% in the 4th quarter. Bank of New York Mellon Corp now owns 177,894 shares of the real estate investment trust’s stock valued at $1,384,000 after purchasing an additional 17,968 shares during the last quarter. 32.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ORC. JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a research note on Friday.

Orchid Island Capital Stock Performance

Shares of NYSE:ORC opened at $8.35 on Tuesday. The company has a market capitalization of $778.54 million, a P/E ratio of 13.91 and a beta of 1.90. Orchid Island Capital, Inc. has a 52-week low of $7.41 and a 52-week high of $9.08. The company has a 50-day simple moving average of $8.23 and a 200 day simple moving average of $8.06.

Orchid Island Capital (NYSE:ORC) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.08. As a group, equities analysts forecast that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current year.

Orchid Island Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.44 annualized dividend and a yield of 17.26%. Orchid Island Capital’s dividend payout ratio is currently 240.00%.

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.