Orchid Island Capital (NYSE:ORC) Stock Rating Reaffirmed by JMP Securities

Orchid Island Capital (NYSE:ORC)‘s stock had its “market perform” rating reiterated by research analysts at JMP Securities in a research report issued to clients and investors on Thursday, Benzinga reports.

Separately, StockNews.com upgraded Orchid Island Capital to a “sell” rating in a research report on Friday, February 9th.

Orchid Island Capital Stock Up 1.5 %

ORC stock opened at $8.26 on Thursday. The company has a market cap of $423.76 million, a P/E ratio of -10.07 and a beta of 1.83. Orchid Island Capital has a twelve month low of $5.90 and a twelve month high of $11.27. The business has a fifty day moving average of $8.55 and a 200-day moving average of $8.05.

Institutional Investors Weigh In On Orchid Island Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORC. Bank of New York Mellon Corp increased its holdings in Orchid Island Capital by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 476,111 shares of the real estate investment trust’s stock valued at $1,548,000 after purchasing an additional 28,074 shares during the last quarter. MetLife Investment Management LLC grew its stake in Orchid Island Capital by 178.8% in the first quarter. MetLife Investment Management LLC now owns 73,169 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 46,924 shares during the period. Vanguard Group Inc. grew its stake in Orchid Island Capital by 50.3% in the first quarter. Vanguard Group Inc. now owns 10,183,641 shares of the real estate investment trust’s stock valued at $33,097,000 after acquiring an additional 3,406,623 shares during the period. Penserra Capital Management LLC grew its stake in Orchid Island Capital by 29.0% in the first quarter. Penserra Capital Management LLC now owns 60,851 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 13,680 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Orchid Island Capital by 1.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 371,618 shares of the real estate investment trust’s stock valued at $1,208,000 after acquiring an additional 6,844 shares during the period. 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.