Inceptionr LLC Purchases 29,070 Shares of Orchid Island Capital, Inc. (NYSE:ORC)

Inceptionr LLC grew its position in Orchid Island Capital, Inc. (NYSE:ORC) by 227.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 41,863 shares of the real estate investment trust’s stock after acquiring an additional 29,070 shares during the quarter. Inceptionr LLC’s holdings in Orchid Island Capital were worth $326,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ORC. McIlrath & Eck LLC purchased a new position in shares of Orchid Island Capital in the third quarter valued at $58,000. Proficio Capital Partners LLC bought a new position in Orchid Island Capital during the fourth quarter valued at $82,000. Quadrature Capital Ltd purchased a new position in shares of Orchid Island Capital in the 3rd quarter worth $90,000. Intech Investment Management LLC bought a new stake in shares of Orchid Island Capital in the 3rd quarter worth about $121,000. Finally, Virtu Financial LLC purchased a new stake in shares of Orchid Island Capital during the 3rd quarter valued at about $152,000. 32.74% of the stock is owned by hedge funds and other institutional investors.

Orchid Island Capital Trading Up 1.9 %

Shares of ORC opened at $8.47 on Monday. The company’s fifty day simple moving average is $8.22 and its 200-day simple moving average is $8.06. The company has a market cap of $789.73 million, a P/E ratio of 14.11 and a beta of 1.90. Orchid Island Capital, Inc. has a twelve month low of $7.41 and a twelve month high of $9.08.

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, topping analysts’ consensus estimates of ($0.03) by $0.08. Analysts predict that Orchid Island Capital, Inc. will post 0.37 earnings per share for the current fiscal year.

Orchid Island Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 17.01%. The ex-dividend date is Friday, February 28th. Orchid Island Capital’s payout ratio is currently 240.00%.

Wall Street Analyst Weigh In

ORC has been the subject of several recent research reports. JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a research report on Thursday, January 23rd. StockNews.com cut Orchid Island Capital from a “hold” rating to a “sell” rating in a report on Friday.

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.