Orchid Island Capital, Inc. (NYSE:ORC) Sees Large Increase in Short Interest

Orchid Island Capital, Inc. (NYSE:ORC - Get Free Report) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 4,620,000 shares, an increase of 19.1% from the February 13th total of 3,880,000 shares. Currently, 5.0% of the shares of the company are short sold. Based on an average daily volume of 2,770,000 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

ORC has been the topic of a number of research reports. JMP Securities reaffirmed a "market perform" rating on shares of Orchid Island Capital in a report on Thursday, January 23rd. StockNews.com upgraded shares of Orchid Island Capital from a "sell" rating to a "hold" rating in a research note on Wednesday.

Orchid Island Capital Stock Performance

Shares of ORC stock traded down $0.01 during trading on Friday, hitting $8.23. The company had a trading volume of 3,205,182 shares, compared to its average volume of 2,040,529. The stock's 50-day moving average price is $8.31 and its 200 day moving average price is $8.06. Orchid Island Capital has a one year low of $7.41 and a one year high of $9.08. The firm has a market capitalization of $767.34 million, a P/E ratio of 13.71 and a beta of 1.90.

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Orchid Island Capital (NYSE:ORC - Get Free Report) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.08. On average, research analysts anticipate that Orchid Island Capital will post 0.37 earnings per share for the current fiscal year.

Orchid Island Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.51%. The ex-dividend date of this dividend is Monday, March 31st. Orchid Island Capital's dividend payout ratio (DPR) is presently 240.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ORC. Russell Investments Group Ltd. boosted its holdings in shares of Orchid Island Capital by 32.8% in the 4th quarter. Russell Investments Group Ltd. now owns 6,165 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 1,522 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Orchid Island Capital by 73.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,119 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 3,012 shares during the last quarter. Millennium Management LLC grew its position in Orchid Island Capital by 1.1% in the fourth quarter. Millennium Management LLC now owns 309,480 shares of the real estate investment trust's stock valued at $2,408,000 after acquiring an additional 3,354 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Orchid Island Capital by 7.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust's stock worth $378,000 after acquiring an additional 3,410 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Orchid Island Capital by 17.6% in the fourth quarter. Deutsche Bank AG now owns 36,869 shares of the real estate investment trust's stock worth $287,000 after acquiring an additional 5,530 shares during the last quarter. 32.74% of the stock is owned by institutional investors.

Orchid Island Capital Company Profile

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.