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

Orchid Island Capital (NYSE:ORC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors 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 opened at $8.47 on Friday. The stock has a market capitalization of $789.73 million, a P/E ratio of 14.11 and a beta of 1.90. The company’s fifty day moving average is $8.22 and its two-hundred day moving average is $8.06. Orchid Island Capital has a 1 year low of $7.41 and a 1 year high of $9.08.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.08. Sell-side analysts predict that Orchid Island Capital will post 0.37 EPS for the current year.

Institutional Investors Weigh In On Orchid Island Capital

Several institutional investors have recently made changes to their positions in ORC. Van ECK Associates Corp boosted its position in shares of Orchid Island Capital by 39.6% during the 3rd quarter. Van ECK Associates Corp now owns 695,131 shares of the real estate investment trust’s stock worth $5,422,000 after purchasing an additional 197,052 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Orchid Island Capital in the 3rd quarter worth about $3,903,000. Entropy Technologies LP purchased a new stake in shares of Orchid Island Capital in the 3rd quarter worth about $282,000. Quest Partners LLC boosted its position in shares of Orchid Island Capital by 385.2% in the 3rd quarter. Quest Partners LLC now owns 124,352 shares of the real estate investment trust’s stock worth $1,022,000 after buying an additional 98,723 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Orchid Island Capital in the 3rd quarter worth about $121,000. 32.74% of the stock is currently owned by hedge funds and other 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.