Insider Buying: John Van Heuvelen Buys 8,000 Shares of Orchid Island Capital Stock (ORC)
Orchid Island Capital (NYSE:ORC) Director John Van Heuvelen acquired 8,000 shares of the company’s stock on the open market in a transaction dated Friday, January 17th. The stock was purchased at an average cost of $12.50 per share, with a total value of $100,000.00. Following the acquisition, the director now directly owns 22,664 shares in the company, valued at approximately $283,300. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Orchid Island Capital (NYSE:ORC) traded up 0.24% on Tuesday, hitting $12.38. 255,719 shares of the company’s stock traded hands. 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 $12.81 and its 200-day moving average is $11.8. The company’s market cap is $41.4 million.
The company also recently announced a monthly dividend, which is scheduled for Friday, January 31st. Stockholders of record on Monday, January 27th will be paid a dividend of 0.18 per share. This represents a $2.16 annualized dividend and a dividend yield of 17.45%. The ex-dividend date is Thursday, January 23rd.
Orchid Island Capital, Inc, is a specialty finance company that invests in residential mortgage-backed securities (NYSE:ORC).
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