Orchid Island Capital (NYSE:ORC) Reaches New 52-Week Low - Here's Why

Orchid Island Capital, Inc. (NYSE:ORC - Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as $7.36 and last traded at $7.55, with a volume of 918180 shares trading hands. The stock had previously closed at $7.54.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JMP Securities reiterated a "market perform" rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd. StockNews.com cut Orchid Island Capital from a "hold" rating to a "sell" rating in a report on Thursday, March 27th.

Orchid Island Capital Stock Performance

The firm has a market cap of $620.87 million, a P/E ratio of 11.09 and a beta of 1.90. The stock's 50-day moving average is $8.27 and its 200 day moving average is $8.03.

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

Orchid Island Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Investors 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 21.64%. The ex-dividend date is Monday, March 31st. Orchid Island Capital's payout ratio is presently 240.00%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in shares of Orchid Island Capital by 32.8% during the 4th quarter. Russell Investments Group Ltd. now owns 6,165 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 1,522 shares in the last quarter. McIlrath & Eck LLC acquired a new position in shares of Orchid Island Capital during the third quarter worth $58,000. Tower Research Capital LLC TRC raised its holdings in Orchid Island Capital by 73.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,119 shares of the real estate investment trust's stock valued at $55,000 after buying an additional 3,012 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Orchid Island Capital during the 4th quarter worth $82,000. Finally, Mariner LLC acquired a new position in Orchid Island Capital during the 4th quarter worth about $82,000. Institutional investors own 32.74% of the company's stock.

About Orchid Island Capital

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.