Trade Report: Today, Orchid Island Capital Inc. (ORC) to Issue Monthly Dividend of $0.14 on December 9th

Today, Orchid Island Capital Inc. (ORC) to Issue Monthly Dividend of $0.14 on  December 9th

Orchid Island Capital Inc. (NYSE:ORC) declared a monthly dividend on Thursday, November 10th. Shareholders of record on Wednesday, November 30th will be given a dividend of 0.14 per share on Friday, December 9th. This represents a $1.68 annualized dividend and a yield of 15.51%. The ex-dividend date of this dividend is Monday, November 28th.

Orchid Island Capital (NYSE:ORC) opened at 10.83 on Friday. The firm has a market capitalization of $284.31 million, a price-to-earnings ratio of 8.05 and a beta of 0.62. Orchid Island Capital has a 12-month low of $7.50 and a 12-month high of $11.25. The firm has a 50-day moving average of $10.66 and a 200 day moving average of $10.58.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.85 EPS for the quarter. On average, equities analysts predict that Orchid Island Capital will post $0.13 EPS for the current year.

A number of institutional investors have recently bought and sold shares of ORC. SG Americas Securities LLC acquired a new position in Orchid Island Capital during the third quarter valued at $108,000. BlackRock Institutional Trust Company N.A. increased its position in Orchid Island Capital by 25.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 733,987 shares of the company’s stock valued at $7,648,000 after buying an additional 149,535 shares during the period. Rhumbline Advisers increased its position in Orchid Island Capital by 1.3% in the third quarter. Rhumbline Advisers now owns 24,401 shares of the company’s stock valued at $254,000 after buying an additional 320 shares during the period. BlackRock Fund Advisors increased its position in Orchid Island Capital by 17.6% in the third quarter. BlackRock Fund Advisors now owns 1,195,208 shares of the company’s stock valued at $12,454,000 after buying an additional 179,137 shares during the period. Finally, BlackRock Investment Management LLC increased its position in Orchid Island Capital by 0.7% in the third quarter. BlackRock Investment Management LLC now owns 90,332 shares of the company’s stock valued at $941,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 17.29% of the company’s stock.

Separately, Zacks Investment Research cut shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th.

Orchid Island Capital Company Profile

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