Orchid Island Capital (NYSE:ORC - Get Free Report)'s stock had its "market perform" rating reissued by JMP Securities in a report released on Thursday, Benzinga reports.
Separately, StockNews.com raised Orchid Island Capital to a "sell" rating in a report on Friday, February 9th.
Check Out Our Latest Report on Orchid Island Capital
Orchid Island Capital Trading Down 0.2 %
NYSE ORC traded down $0.02 during midday trading on Thursday, hitting $8.15. The company had a trading volume of 821,590 shares, compared to its average volume of 1,148,617. The company has a market capitalization of $417.84 million, a PE ratio of -9.93 and a beta of 1.83. The firm has a 50-day moving average price of $8.55 and a 200-day moving average price of $8.04. Orchid Island Capital has a twelve month low of $5.90 and a twelve month high of $11.27.
Hedge Funds Weigh In On Orchid Island Capital
A number of institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in Orchid Island Capital by 1,054.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,062 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 3,710 shares in the last quarter. Vanguard Group Inc. increased its holdings in Orchid Island Capital by 59.9% in the 4th quarter. Vanguard Group Inc. now owns 3,391,733 shares of the real estate investment trust's stock worth $28,592,000 after purchasing an additional 1,270,805 shares in the last quarter. American International Group Inc. increased its holdings in Orchid Island Capital by 18.7% in the 4th quarter. American International Group Inc. now owns 26,172 shares of the real estate investment trust's stock worth $221,000 after purchasing an additional 4,130 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Orchid Island Capital by 54.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,267 shares of the real estate investment trust's stock worth $382,000 after purchasing an additional 15,969 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in Orchid Island Capital by 1,145.1% in the 4th quarter. GSA Capital Partners LLP now owns 148,868 shares of the real estate investment trust's stock worth $1,255,000 after purchasing an additional 136,912 shares in the last quarter. Institutional investors and hedge funds own 32.74% of the company's stock.
Orchid Island Capital Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Orchid Island Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Orchid Island Capital wasn't on the list.
While Orchid Island Capital currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
