Orchid Island Capital (NYSE:ORC) Raised to “Hold” at StockNews.com

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 Monday.

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 0.5 %

NYSE ORC opened at $8.80 on Monday. Orchid Island Capital has a 1-year low of $7.41 and a 1-year high of $9.08. The company has a market capitalization of $820.52 million, a price-to-earnings ratio of 14.66 and a beta of 1.83. The stock’s 50 day moving average is $8.10 and its two-hundred day moving average is $8.03.

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

Hedge Funds Weigh In On Orchid Island Capital

A number of institutional investors and hedge funds have recently bought and sold shares of ORC. Russell Investments Group Ltd. raised its holdings in shares of Orchid Island Capital by 32.8% in the fourth quarter. Russell Investments Group Ltd. now owns 6,165 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 1,522 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Orchid Island Capital by 73.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,119 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 3,012 shares in the last quarter. McIlrath & Eck LLC bought a new position in shares of Orchid Island Capital in the third quarter worth about $58,000. Proficio Capital Partners LLC acquired a new position in shares of Orchid Island Capital during the fourth quarter worth approximately $82,000. Finally, Mariner LLC acquired a new position in shares of Orchid Island Capital during the fourth quarter worth approximately $82,000. Institutional investors and hedge funds 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.