UBS Group AG Sells 3,655 Shares of Orchid Island Capital, Inc. (ORC)
UBS Group AG cut its position in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 15.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,792 shares of the real estate investment trust’s stock after selling 3,655 shares during the period. UBS Group AG’s holdings in Orchid Island Capital were worth $207,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of ORC. Sheaff Brock Investment Advisors LLC raised its stake in Orchid Island Capital by 1.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 11,398 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 205 shares during the period. TFS Capital LLC bought a new stake in Orchid Island Capital during the first quarter worth about $115,000. American International Group Inc. raised its stake in Orchid Island Capital by 58.1% in the first quarter. American International Group Inc. now owns 18,606 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 6,836 shares during the period. Advisory Services Network LLC bought a new stake in Orchid Island Capital during the first quarter worth about $187,000. Finally, Alliancebernstein L.P. raised its stake in Orchid Island Capital by 44.4% in the first quarter. Alliancebernstein L.P. now owns 19,200 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 5,900 shares during the period. Institutional investors and hedge funds own 20.49% of the company’s stock.
Shares of Orchid Island Capital, Inc. (NYSE:ORC) traded up 0.264% during midday trading on Monday, reaching $9.485. The company’s stock had a trading volume of 94,083 shares. The stock’s 50-day moving average is $9.94 and its 200 day moving average is $10.43. The stock’s market capitalization is $429.70 million. Orchid Island Capital, Inc. has a 12 month low of $9.18 and a 12 month high of $12.60.
Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.68. On average, analysts expect that Orchid Island Capital, Inc. will post $1.09 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 10th. Stockholders of record on Monday, July 31st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 17.76%. Orchid Island Capital’s payout ratio is presently -2,799.53%.
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ORC has been the subject of a number of recent analyst reports. TheStreet lowered Orchid Island Capital from a “c” rating to a “d” rating in a research note on Monday, July 31st. BidaskClub lowered Orchid Island Capital from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.
In other Orchid Island Capital news, Director W Coleman Bitting acquired 2,912 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were acquired at an average cost of $10.10 per share, for a total transaction of $29,411.20. Following the completion of the purchase, the director now owns 18,650 shares of the company’s stock, valued at approximately $188,365. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.88% of the company’s stock.
Orchid Island Capital Company 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.
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