Orchid Island Capital (NYSE:ORC) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Orchid Island Capital (NYSE:ORC - Free Report) from a hold rating to a sell rating in a report published on Friday.

Separately, JMP Securities reissued a "market perform" rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd.

Orchid Island Capital Stock Performance

Shares of ORC stock traded down $0.23 on Friday, reaching $8.14. 4,352,884 shares of the company's stock traded hands, compared to its average volume of 3,065,445. The company has a market capitalization of $758.95 million, a P/E ratio of 13.56 and a beta of 1.90. Orchid Island Capital has a 12-month low of $7.41 and a 12-month high of $9.08. The business's 50 day moving average price is $8.23 and its two-hundred day moving average price is $8.06.

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

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Orchid Island Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 28th. This represents a $1.44 annualized dividend and a dividend yield of 17.70%. Orchid Island Capital's dividend payout ratio is presently 240.00%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its position in shares of Orchid Island Capital by 32.8% in the fourth quarter. Russell Investments Group Ltd. now owns 6,165 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 1,522 shares during the period. Tower Research Capital LLC TRC boosted 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 purchasing an additional 3,012 shares during the period. McIlrath & Eck LLC bought a new position in shares of Orchid Island Capital during the 3rd quarter worth about $58,000. Proficio Capital Partners LLC acquired a new position in shares of Orchid Island Capital during the fourth quarter valued at about $82,000. Finally, Mariner LLC bought a new stake in shares of Orchid Island Capital in the fourth quarter valued at about $82,000. 32.74% of the stock is owned by institutional investors.

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.