Insider Buying: G Hunter Iv Haas Acquires 2,000 Shares of Orchid Island Capital Stock (ORC)
Orchid Island Capital (NYSE:ORC) CFO G Hunter Iv Haas purchased 2,000 shares of the stock on the open market in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $10.91 per share, for a total transaction of $21,820.00. Following the completion of the transaction, the chief financial officer now directly owns 5,000 shares of the company’s stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Ladenburg Thalmann cut their price target on shares of Orchid Island Capital (NYSE:ORC) from $15.75 to $14.75 in a research note to investors on Wednesday, July 10th. They now have a “buy” rating on the stock.
Shares of Orchid Island Capital (NYSE:ORC) traded up 0.54% during mid-day trading on Monday, hitting $10.899. The stock had a trading volume of 46,377 shares. Orchid Island Capital has a 52 week low of $10.02 and a 52 week high of $15.40. The stock’s 50-day moving average is $10.97 and its 200-day moving average is $12.51.
The company also recently announced a monthly dividend, which is scheduled for Monday, September 30th. Shareholders of record on Wednesday, September 25th will be paid a dividend of $0.14 per share. This represents a $1.62 annualized dividend and a dividend yield of 14.86%. The ex-dividend date is Monday, September 23rd.
Orchid Island Capital, Inc, is a specialty finance company that invests in residential mortgage-backed securities (NYSE:ORC).
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