Orchid Island Capital (NYSE:ORC) Shares Pass Below Two Hundred Day Moving Average - Time to Sell?

Orchid Island Capital, Inc. (NYSE:ORC - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.26 and traded as low as $7.48. Orchid Island Capital shares last traded at $7.61, with a volume of 1,367,777 shares.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a "market perform" rating on shares of Orchid Island Capital in a report on Wednesday, August 28th.

Orchid Island Capital Price Performance

The stock has a 50-day simple moving average of $8.01 and a 200 day simple moving average of $8.26. The company has a market capitalization of $595.21 million, a PE ratio of 7.23 and a beta of 1.85.

Orchid Island Capital (NYSE:ORC - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported ($0.05) EPS for the quarter, hitting analysts' consensus estimates of ($0.05). During the same quarter in the previous year, the company earned ($0.28) EPS. As a group, research analysts predict that Orchid Island Capital, Inc. will post -0.25 EPS for the current fiscal year.

Orchid Island Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 18.97%. The ex-dividend date is Thursday, October 31st. Orchid Island Capital's dividend payout ratio is presently 137.14%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ORC. Allspring Global Investments Holdings LLC bought a new position in shares of Orchid Island Capital in the second quarter worth $28,000. PNC Financial Services Group Inc. lifted its stake in Orchid Island Capital by 1,054.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,062 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 3,710 shares in the last quarter. EntryPoint Capital LLC boosted its stake in Orchid Island Capital by 101.8% in the 1st quarter. EntryPoint Capital LLC now owns 11,808 shares of the real estate investment trust's stock worth $105,000 after purchasing an additional 5,958 shares during the period. Prairie Sky Financial Group LLC purchased a new stake in Orchid Island Capital in the 3rd quarter worth about $105,000. Finally, Worth Asset Management LLC purchased a new stake in shares of Orchid Island Capital in the second quarter worth approximately $123,000. Hedge funds and other institutional investors own 32.74% of the company's stock.

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.