StockNews.com Upgrades Orchid Island Capital (NYSE:ORC) to Hold

Orchid Island Capital (NYSE:ORC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Separately, JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a report on Thursday, January 23rd.

Orchid Island Capital Trading Down 0.7 %

Shares of NYSE:ORC traded down $0.06 during midday trading on Wednesday, reaching $8.33. The company had a trading volume of 2,599,322 shares, compared to its average volume of 2,028,117. The company’s 50 day moving average price is $8.29 and its 200 day moving average price is $8.06. The stock has a market cap of $777.42 million, a P/E ratio of 13.89 and a beta of 1.90. Orchid Island Capital has a 52-week low of $7.41 and a 52-week high of $9.08.

Orchid Island Capital (NYSE:ORC) last issued 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. Research analysts forecast that Orchid Island Capital will post 0.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Orchid Island Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in Orchid Island Capital by 32.8% in the 4th 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. McIlrath & Eck LLC bought a new stake in Orchid Island Capital in the 3rd quarter valued at about $58,000. Tower Research Capital LLC TRC increased its position in shares of Orchid Island Capital by 73.3% during the fourth 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 period. Proficio Capital Partners LLC bought a new stake 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 during the fourth quarter valued at about $82,000. 32.74% of the stock is currently owned by 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.