Gladius Capital Management LP Invests $41,000 in Orchid Island Capital, Inc. (NYSE:ORC)

Gladius Capital Management LP bought a new stake in Orchid Island Capital, Inc. (NYSE:ORC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,880 shares of the real estate investment trust’s stock, valued at approximately $41,000.

Other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in Orchid Island Capital by 310.0% in the 4th quarter. Russell Investments Group Ltd. now owns 3,235 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,446 shares in the last quarter. Strs Ohio increased its position in Orchid Island Capital by 15.1% during the fourth quarter. Strs Ohio now owns 10,700 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 1,400 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Orchid Island Capital by 12.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 12,600 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 1,420 shares in the last quarter. Jump Financial LLC bought a new stake in Orchid Island Capital in the 3rd quarter valued at about $112,000. Finally, SG Americas Securities LLC acquired a new position in shares of Orchid Island Capital during the 3rd quarter worth approximately $161,000. Institutional investors own 32.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ORC shares. JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a research report on Thursday, April 18th. StockNews.com raised Orchid Island Capital to a “sell” rating in a report on Friday, February 9th.

Orchid Island Capital Trading Up 0.2 %

Orchid Island Capital stock traded up $0.02 during trading hours on Thursday, reaching $8.58. 1,683,621 shares of the stock were exchanged, compared to its average volume of 1,196,753. The stock has a 50 day moving average of $8.59 and a two-hundred day moving average of $8.15. The company has a market cap of $454.52 million, a P/E ratio of -16.19 and a beta of 1.82. Orchid Island Capital, Inc. has a twelve month low of $5.90 and a twelve month high of $11.27.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings data on Friday, April 26th. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.12). During the same quarter in the prior year, the firm earned ($0.24) earnings per share. On average, analysts expect that Orchid Island Capital, Inc. will post -0.36 earnings per share for the current fiscal year.

Orchid Island Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, May 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.78%. Orchid Island Capital’s dividend payout ratio (DPR) is currently -271.70%.

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.