Orchid Island Capital CFO Buys $62,500 in Stock (ORC)
Orchid Island Capital (NYSE:ORC) CFO G Hunter Iv Haas bought 5,000 shares of the stock on the open market in a transaction that occurred on Friday, January 17th. The shares were purchased at an average price of $12.50 per share, with a total value of $62,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $125,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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. Shareholders 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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