Orchid Island Capital, Inc. (ORC) Shares Bought by Global X MANAGEMENT CO LLC

Global X MANAGEMENT CO LLC boosted its position in Orchid Island Capital, Inc. (NYSE:ORC) by 22.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,030 shares of the real estate investment trust’s stock after buying an additional 24,059 shares during the quarter. Global X MANAGEMENT CO LLC owned approximately 0.29% of Orchid Island Capital worth $1,345,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Advisory Services Network LLC increased its holdings in Orchid Island Capital by 3.6% in the second quarter. Advisory Services Network LLC now owns 19,375 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 678 shares during the last quarter. Nationwide Fund Advisors grew its holdings in shares of Orchid Island Capital by 8.1% during the second quarter. Nationwide Fund Advisors now owns 18,434 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 1,382 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Orchid Island Capital by 11.4% during the first quarter. Wells Fargo & Company MN now owns 21,183 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 2,176 shares during the last quarter. Metropolitan Life Insurance Co. NY grew 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 valued at $213,000 after purchasing an additional 4,898 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew 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 valued at $254,000 after purchasing an additional 5,321 shares during the last quarter. 23.48% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on ORC. Zacks Investment Research raised Orchid Island Capital from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a report on Thursday, November 2nd. ValuEngine lowered Orchid Island Capital from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. BidaskClub raised Orchid Island Capital from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, TheStreet lowered Orchid Island Capital from a “c” rating to a “d” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $11.00.

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Orchid Island Capital, Inc. (NYSE:ORC) remained flat at $$9.80 during trading hours on Wednesday. 839,500 shares of the company traded hands, compared to its average volume of 928,588. Orchid Island Capital, Inc. has a 52 week low of $9.18 and a 52 week high of $12.60.

The business also recently announced a monthly dividend, which will be paid on Friday, December 8th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a dividend yield of 17.14%. The ex-dividend date is Wednesday, November 29th. Orchid Island Capital’s dividend payout ratio (DPR) is presently -294.74%.

About Orchid Island Capital

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

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