TrueMark Investments LLC Decreases Stock Holdings in Orchid Island Capital, Inc. (NYSE:ORC)

TrueMark Investments LLC lowered its position in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 269,613 shares of the real estate investment trust’s stock after selling 39,319 shares during the period. TrueMark Investments LLC’s holdings in Orchid Island Capital were worth $2,098,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Orchid Island Capital by 12.1% during the fourth quarter. Vanguard Group Inc. now owns 4,238,780 shares of the real estate investment trust’s stock valued at $32,978,000 after acquiring an additional 456,209 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Orchid Island Capital by 274.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,220 shares of the real estate investment trust’s stock worth $4,819,000 after buying an additional 429,689 shares during the period. Geode Capital Management LLC grew its position in shares of Orchid Island Capital by 34.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,650,122 shares of the real estate investment trust’s stock worth $13,566,000 after buying an additional 421,718 shares during the last quarter. State Street Corp increased its stake in shares of Orchid Island Capital by 13.0% during the third quarter. State Street Corp now owns 1,073,495 shares of the real estate investment trust’s stock valued at $8,952,000 after buying an additional 123,239 shares during the period. Finally, Van ECK Associates Corp raised its holdings in shares of Orchid Island Capital by 12.5% during the fourth quarter. Van ECK Associates Corp now owns 782,255 shares of the real estate investment trust’s stock valued at $6,086,000 after acquiring an additional 87,124 shares in the last quarter. Institutional investors own 32.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Orchid Island Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, March 19th. JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a research report on Thursday, January 23rd.

Orchid Island Capital Stock Down 0.9 %

ORC opened at $8.15 on Wednesday. Orchid Island Capital, Inc. has a 52 week low of $7.41 and a 52 week high of $9.08. The stock has a market cap of $760.35 million, a PE ratio of 13.58 and a beta of 1.90. The business has a 50 day moving average of $8.33 and a 200-day moving average of $8.06.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.08. Equities analysts anticipate that Orchid Island Capital, Inc. will post 0.37 EPS for the current year.

Orchid Island Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Monday, March 31st will be paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 17.67%. The ex-dividend date of this dividend is Monday, March 31st. Orchid Island Capital’s payout ratio is currently 240.00%.

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.