AE Wealth Management LLC Invests $60,000 in Orchid Island Capital, Inc. (NYSE:ORC)

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AE Wealth Management LLC bought a new position in Orchid Island Capital, Inc. (NYSE:ORCGet Rating) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 18,593 shares of the real estate investment trust’s stock, valued at approximately $60,000.

Other institutional investors also recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new position in shares of Orchid Island Capital in the 4th quarter worth approximately $38,000. Apeiron RIA LLC purchased a new position in Orchid Island Capital during the 4th quarter valued at $60,000. Sigma Planning Corp purchased a new position in Orchid Island Capital during the 4th quarter valued at $63,000. Compass Financial Advisors LLC purchased a new position in Orchid Island Capital during the 4th quarter valued at $102,000. Finally, Victory Capital Management Inc. boosted its holdings in Orchid Island Capital by 41.6% during the 4th quarter. Victory Capital Management Inc. now owns 24,460 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 7,181 shares during the period. Hedge funds and other institutional investors own 21.81% of the company’s stock.

Separately, StockNews.com began coverage on Orchid Island Capital in a report on Thursday, March 31st. They set a “sell” rating for the company.

Shares of ORC stock opened at $2.92 on Thursday. Orchid Island Capital, Inc. has a twelve month low of $2.44 and a twelve month high of $5.17. The stock has a market capitalization of $517.18 million, a price-to-earnings ratio of -2.70 and a beta of 1.29. The stock has a fifty day simple moving average of $2.94 and a two-hundred day simple moving average of $3.38.

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Thursday, June 30th will be issued a $0.045 dividend. This represents a $0.54 annualized dividend and a dividend yield of 18.49%. The ex-dividend date of this dividend is Wednesday, June 29th. Orchid Island Capital’s dividend payout ratio is -50.00%.

Orchid Island Capital Profile (Get Rating)

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.

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