Orchid Island Capital (NYSE:ORC) Rating Increased to Hold at StockNews.com

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

ORC has been the subject of several other reports. JMP Securities reaffirmed a “market perform” rating on shares of Orchid Island Capital in a research report on Thursday, January 23rd. Jones Trading reissued a “hold” rating on shares of Orchid Island Capital in a research report on Wednesday, April 30th.

Orchid Island Capital Price Performance

Shares of ORC stock opened at $7.16 on Wednesday. The firm has a 50-day moving average of $7.33 and a 200-day moving average of $7.78. Orchid Island Capital has a one year low of $5.69 and a one year high of $9.01. The company has a market cap of $764.10 million, a P/E ratio of 11.94 and a beta of 1.54.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $19.71 million for the quarter, compared to analysts’ expectations of $11.96 million. As a group, research analysts expect that Orchid Island Capital will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orchid Island Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORC. Barclays PLC lifted its stake in shares of Orchid Island Capital by 409.6% during the 3rd quarter. Barclays PLC now owns 94,005 shares of the real estate investment trust’s stock valued at $773,000 after buying an additional 75,557 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Orchid Island Capital during the 3rd quarter valued at $152,000. JPMorgan Chase & Co. lifted its holdings in Orchid Island Capital by 89.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 61,525 shares of the real estate investment trust’s stock worth $506,000 after purchasing an additional 29,073 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Orchid Island Capital by 7.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust’s stock worth $378,000 after purchasing an additional 3,410 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Orchid Island Capital by 23.2% during the 4th quarter. SG Americas Securities LLC now owns 32,727 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 6,173 shares in the last quarter. 32.74% of the stock is currently owned by institutional investors.

About Orchid Island Capital

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.