Sheaff Brock Investment Advisors LLC raised its stake in shares of Orchid Island Capital, Inc. (NYSE:ORC) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,407 shares of the real estate investment trust’s stock after acquiring an additional 9 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Orchid Island Capital were worth $112,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. IndexIQ Advisors LLC lifted its stake in Orchid Island Capital by 18.1% during the 2nd quarter. IndexIQ Advisors LLC now owns 40,070 shares of the real estate investment trust’s stock valued at $395,000 after acquiring an additional 6,128 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Orchid Island Capital by 16.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 136,339 shares of the real estate investment trust’s stock worth $1,345,000 after purchasing an additional 19,741 shares during the period. Rhumbline Advisers raised its stake in shares of Orchid Island Capital by 23.7% during the 2nd quarter. Rhumbline Advisers now owns 37,872 shares of the real estate investment trust’s stock worth $373,000 after purchasing an additional 7,265 shares during the period. Global X Management Co. LLC raised its stake in shares of Orchid Island Capital by 23.0% during the 2nd quarter. Global X Management Co. LLC now owns 107,971 shares of the real estate investment trust’s stock worth $1,065,000 after purchasing an additional 20,221 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Orchid Island Capital during the 2nd quarter worth $134,000. Institutional investors and hedge funds own 23.58% of the company’s stock.

A number of equities research analysts have recently commented on the company. BidaskClub upgraded Orchid Island Capital from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. TheStreet cut Orchid Island Capital from a “c” rating to a “d” rating in a research note on Monday, July 31st.

Shares of Orchid Island Capital, Inc. (NYSE:ORC) opened at 9.90 on Friday. The company’s market capitalization is $448.27 million. Orchid Island Capital, Inc. has a 1-year low of $9.18 and a 1-year high of $12.60. The stock’s 50 day moving average price is $9.68 and its 200-day moving average price is $10.01.

Orchid Island Capital (NYSE:ORC) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.68). On average, equities analysts predict that Orchid Island Capital, Inc. will post $0.78 EPS for the current year.

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 31st were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 29th. This represents a $1.68 annualized dividend and a dividend yield of 16.98%. Orchid Island Capital’s dividend payout ratio (DPR) is presently -2,799.53%.

In other Orchid Island Capital news, Director W Coleman Bitting acquired 2,912 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The shares were bought at an average cost of $10.10 per share, with a total value of $29,411.20. Following the completion of the transaction, the director now directly owns 18,650 shares of the company’s stock, valued at approximately $188,365. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.88% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This news story was posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.dailypolitical.com/2017/09/15/orchid-island-capital-inc-orc-holdings-boosted-by-sheaff-brock-investment-advisors-llc.html.

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.

Want to see what other hedge funds are holding ORC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orchid Island Capital, Inc. (NYSE:ORC).

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

Receive News & Ratings for Orchid Island Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orchid Island Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.