Orchid Island Capital Inc (NYSE:ORC) Shares Bought by Commonwealth Equity Services Inc

Commonwealth Equity Services Inc increased its position in Orchid Island Capital Inc (NYSE:ORC) by 45.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,823 shares of the real estate investment trust’s stock after purchasing an additional 36,416 shares during the quarter. Commonwealth Equity Services Inc owned 0.25% of Orchid Island Capital worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ORC. Advisory Services Network LLC boosted its stake in Orchid Island Capital by 3.6% during the 2nd quarter. Advisory Services Network LLC now owns 19,375 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 678 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Orchid Island Capital by 8.1% during the 2nd quarter. Nationwide Fund Advisors now owns 18,434 shares of the real estate investment trust’s stock valued at $182,000 after acquiring an additional 1,382 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Orchid Island Capital by 29.9% during the first quarter. Metropolitan Life Insurance Co. NY now owns 21,282 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 4,898 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Orchid Island Capital by 26.1% during the second quarter. The Manufacturers Life Insurance Company now owns 25,679 shares of the real estate investment trust’s stock worth $254,000 after purchasing an additional 5,321 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Orchid Island Capital by 44.4% during the first quarter. Alliancebernstein L.P. now owns 19,200 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 5,900 shares during the period. Institutional investors and hedge funds own 30.37% of the company’s stock.

A number of analysts have weighed in on ORC shares. Zacks Investment Research raised shares of Orchid Island Capital from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a report on Thursday, November 2nd. ValuEngine cut shares of Orchid Island Capital from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Finally, BidaskClub raised shares of Orchid Island Capital from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $11.00.

Orchid Island Capital Inc (ORC) traded down $0.01 during mid-day trading on Wednesday, hitting $9.52. 635,600 shares of the company were exchanged, compared to its average volume of 935,725. Orchid Island Capital Inc has a 1-year low of $9.18 and a 1-year high of $12.60.

The business also recently announced a monthly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.68 annualized dividend and a yield of 17.65%. Orchid Island Capital’s payout ratio is -289.65%.

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Orchid Island Capital Profile

Orchid Island Capital, Inc is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions.

Institutional Ownership by Quarter for Orchid Island Capital (NYSE:ORC)

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