Orchid Island Capital (NYSE:ORC) Earns "Hold" Rating from Jones Trading

Orchid Island Capital (NYSE:ORC - Get Free Report)'s stock had its "hold" rating reissued by stock analysts at Jones Trading in a research note issued on Wednesday,Benzinga reports.

Several other research firms have also recently commented on ORC. StockNews.com cut Orchid Island Capital from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. JMP Securities reiterated a "market perform" rating on shares of Orchid Island Capital in a research report on Thursday, January 23rd.

Orchid Island Capital Price Performance

Shares of ORC traded down $0.08 on Wednesday, hitting $7.00. The company's stock had a trading volume of 4,318,161 shares, compared to its average volume of 2,481,258. The company has a market capitalization of $746.71 million, a PE ratio of 11.67 and a beta of 1.54. Orchid Island Capital has a fifty-two week low of $5.69 and a fifty-two week high of $9.01. The company has a 50 day moving average price of $7.46 and a 200 day moving average price of $7.81.

Orchid Island Capital (NYSE:ORC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The business had revenue of $19.71 million during the quarter, compared to the consensus estimate of $11.96 million. On average, equities analysts forecast that Orchid Island Capital will post 0.37 EPS for the current year.

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. Invesco Ltd. grew its position in shares of Orchid Island Capital by 3,379.3% during the 4th quarter. Invesco Ltd. now owns 2,354,065 shares of the real estate investment trust's stock worth $18,315,000 after buying an additional 2,286,405 shares during the period. Vanguard Group Inc. grew its holdings in Orchid Island Capital by 12.1% during the fourth quarter. Vanguard Group Inc. now owns 4,238,780 shares of the real estate investment trust's stock valued at $32,978,000 after purchasing an additional 456,209 shares during the period. Ameriprise Financial Inc. raised its holdings in Orchid Island Capital by 79.0% in the fourth quarter. Ameriprise Financial Inc. now owns 896,192 shares of the real estate investment trust's stock worth $6,972,000 after purchasing an additional 395,650 shares during the period. Geode Capital Management LLC boosted its position in shares of Orchid Island Capital by 10.7% during the fourth quarter. Geode Capital Management LLC now owns 1,827,479 shares of the real estate investment trust's stock worth $14,221,000 after purchasing an additional 177,357 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Orchid Island Capital by 16.8% in the 4th quarter. Northern Trust Corp now owns 682,491 shares of the real estate investment trust's stock valued at $5,310,000 after buying an additional 98,030 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.