Orchid Island Capital's (ORC) "Hold" Rating Reiterated at Jones Trading

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

A number of other analysts have also issued reports on ORC. StockNews.com lowered Orchid Island Capital from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. JMP Securities reaffirmed a "market perform" rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd.

Orchid Island Capital Stock Down 0.2 %

Shares of ORC stock traded down $0.02 during trading hours on Wednesday, hitting $6.99. 1,590,867 shares of the company's stock were exchanged, compared to its average volume of 2,481,659. The firm has a 50 day moving average of $7.46 and a two-hundred day moving average of $7.81. The firm has a market cap of $745.11 million, a P/E ratio of 11.64 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.

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

Hedge Funds Weigh In On Orchid Island Capital

Several large investors have recently made changes to their positions in the stock. Rogco LP purchased a new stake in Orchid Island Capital in the first quarter valued at approximately $28,000. Russell Investments Group Ltd. lifted its stake in Orchid Island Capital by 32.8% during the 4th quarter. Russell Investments Group Ltd. now owns 6,165 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 1,522 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Orchid Island Capital by 73.3% during 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 acquiring an additional 3,012 shares in the last quarter. McIlrath & Eck LLC purchased a new position in Orchid Island Capital during the 3rd quarter valued at about $58,000. Finally, Proficio Capital Partners LLC acquired a new position in Orchid Island Capital in the 4th quarter valued at about $82,000. 32.74% of the stock is currently owned by institutional investors and hedge funds.

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.