Orchid Island Capital (NYSE:ORC) Stock Rating Lowered by StockNews.com

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

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

Orchid Island Capital Stock Down 3.6 %

ORC stock opened at $7.66 on Thursday. Orchid Island Capital has a 52 week low of $7.41 and a 52 week high of $9.01. The business has a 50-day simple moving average of $8.33 and a 200 day simple moving average of $8.06. The company has a market cap of $715.01 million, a PE ratio of 12.77 and a beta of 1.90.

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

Institutional Investors Weigh In On Orchid Island Capital

Several hedge funds and other institutional investors have recently made changes to their positions in ORC. Russell Investments Group Ltd. lifted its stake in shares of 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 last quarter. Tower Research Capital LLC TRC increased its holdings 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 worth $55,000 after purchasing an additional 3,012 shares in the last quarter. Millennium Management LLC increased its holdings in Orchid Island Capital by 1.1% in the 4th quarter. Millennium Management LLC now owns 309,480 shares of the real estate investment trust’s stock worth $2,408,000 after purchasing an additional 3,354 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Orchid Island Capital by 7.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust’s stock valued at $378,000 after purchasing an additional 3,410 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Orchid Island Capital by 17.6% during the fourth quarter. Deutsche Bank AG now owns 36,869 shares of the real estate investment trust’s stock valued at $287,000 after purchasing an additional 5,530 shares in the last quarter. 32.74% of the stock is 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.