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

Orchid Island Capital (NYSE:ORC - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Thursday.

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

Orchid Island Capital Trading Down 3.6 %

NYSE:ORC traded down $0.29 during midday trading on Thursday, hitting $7.66. 6,019,713 shares of the stock were exchanged, compared to its average volume of 2,102,847. The company has a market capitalization of $715.01 million, a price-to-earnings ratio of 12.77 and a beta of 1.90. Orchid Island Capital has a one year low of $7.41 and a one year high of $9.01. The business has a 50-day moving average price of $8.33 and a two-hundred day moving average price of $8.06.

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

Hedge Funds Weigh In On Orchid Island Capital

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Orchid Island Capital by 12.1% in the 4th quarter. Vanguard Group Inc. now owns 4,238,780 shares of the real estate investment trust's stock valued at $32,978,000 after purchasing an additional 456,209 shares during the period. Invesco Ltd. lifted its stake in Orchid Island Capital by 3,379.3% during the fourth quarter. Invesco Ltd. now owns 2,354,065 shares of the real estate investment trust's stock valued at $18,315,000 after buying an additional 2,286,405 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Orchid Island Capital by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 1,827,479 shares of the real estate investment trust's stock worth $14,221,000 after buying an additional 177,357 shares during the period. State Street Corp increased its position in shares of Orchid Island Capital by 13.0% in the third quarter. State Street Corp now owns 1,073,495 shares of the real estate investment trust's stock worth $8,952,000 after acquiring an additional 123,239 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Orchid Island Capital by 79.0% during the fourth quarter. Ameriprise Financial Inc. now owns 896,192 shares of the real estate investment trust's stock valued at $6,972,000 after acquiring an additional 395,650 shares during the period. 32.74% of the stock is currently owned by institutional investors and hedge funds.

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.