Inside Acquisition: Coleman Bitting Made a Purchase of 12 Shares of Orchid Island Capital Inc (NYSE:ORC)

November 30, 2016 - By Vivian Park

Inside Acquisition: Coleman Bitting Made a Purchase of 12 Shares of Orchid Island Capital Inc (NYSE:ORC)

Coleman Bitting Insider Buy

Shareholder, Coleman Bitting is the Orchid Island Capital Inc’s insider who purchased shares of Orchid Island Capital Inc, 12 to be exact. The purchased shares were calculated based on a stock price per share $23.4, with Coleman Bitting’s investment having a market value near $281 USD. At present, he holds 14,367 shares or around 0.05% of the company’s market capitalization (total value of the shares outstanding).

Insitutional Activity: The institutional sentiment increased to 1.82 in 2016 Q2. Its up 0.82, from 1 in 2016Q1. The ratio is positive, as 11 funds sold all Orchid Island Capital Inc shares owned while 16 reduced positions. 8 funds bought stakes while 19 increased positions. They now own 4.10 million shares or 7.49% less from 4.43 million shares in 2016Q1.

State Street last reported 412,144 shares in the company. New York State Common Retirement Fund has 16,700 shares for 0% of their US portfolio. Northern Tru has 239,079 shares for 0% of their US portfolio. Indexiq Llc holds 16,381 shares or 0.01% of its portfolio. Parametric Limited Liability Corp holds 0% of its portfolio in Orchid Island Capital Inc (NYSE:ORC) for 25,563 shares. The New Jersey-based Blackrock Investment Mgmt Llc has invested 0% in Orchid Island Capital Inc (NYSE:ORC). Cetera Limited Liability Com holds 46,451 shares or 0.04% of its portfolio. Metropolitan Life Ins holds 16,774 shares or 0% of its portfolio. Credit Suisse Ag, a Switzerland-based fund reported 28,277 shares. California State Teachers Retirement Systems last reported 42,919 shares in the company. Goldman Sachs Group last reported 0% of its portfolio in the stock. Tiaa Cref Investment Mngmt Llc owns 67,450 shares or 0% of their US portfolio. Lpl Fincl Ltd Co holds 0% of its portfolio in Orchid Island Capital Inc (NYSE:ORC) for 23,554 shares. Blackrock Advsrs Limited Com owns 6,234 shares or 0% of their US portfolio. Blackrock Incorporated accumulated 0% or 7,201 shares.

Insider Transactions: Since August 1, 2016, the stock had 1 insider purchase, and 0 selling transactions for $319 net activity. Shares for $319 were bought by Bitting W Coleman.

The stock increased 0.09% or $0.01 on November 29, hitting $10.76. Orchid Island Capital Inc (NYSE:ORC) has risen 3.36% since April 27, 2016 and is uptrending. It has underperformed by 1.86% the S&P500.

Orchid Island Capital, Inc. is a specialty finance firm that invests in residential mortgage-backed securities (RMBS). The company has a market cap of $280.39 million. The Company’s business objective is to provide risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. It has a 8.33 P/E ratio. The Company’s portfolio consists of two categories of Agency RMBS: traditional pass-through Agency RMBS and structured Agency RMBS.

According to Zacks Investment Research, “Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities the principal and interest payments of which are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The Company intends to qualify and will elect to be taxed as a REIT commencing with its taxable year ending December 31, 2013. Orchid Island Capital, Inc. is based in United States.”

Analysts await Orchid Island Capital Inc (NYSE:ORC) to report earnings on February, 22.

More recent Orchid Island Capital Inc (NYSE:ORC) news were published by: Nasdaq.com which released: “Orchid Island Capital, Inc. (ORC) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016. Also Marketwatch.com published the news titled: “Orchid Island Capital Inc.” on May 18, 2011. Nasdaq.com‘s news article titled: “Orchid Island Capital, Inc. (ORC) Ex-Dividend Date Scheduled for October 25, 2016” with publication date: October 24, 2016 was also an interesting one.

ORC Company Profile

Orchid Island Capital, Inc. (Orchid), incorporated on August 17, 2010, is a specialty finance firm that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. The Company’s portfolio consists of two categories of Agency RMBS: traditional pass-through Agency RMBS and structured Agency RMBS. The Firm operates as a real estate investment trust (REIT). The Firm is managed and advised by Bimini Advisors, LLC.

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