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Orchid Island Capital (NYSE:ORC) Given "Sell (D)" Rating at Weiss Ratings

Orchid Island Capital logo with Finance background

Key Points

  • Orchid Island Capital has received a "sell (D)" rating from Weiss Ratings, indicating negative sentiment towards the stock.
  • Shares of Orchid Island Capital have been downgraded from a "hold" to a "strong sell" by Wall Street Zen, leading to an average rating of "Reduce" from analysts.
  • The company reported a quarterly earnings per share of $0.16, slightly exceeding estimates, but overall sentiment remains bearish as significant institutional investors have recently increased their holdings dramatically.
  • MarketBeat previews the top five stocks to own by November 1st.

Orchid Island Capital (NYSE:ORC - Get Free Report)'s stock had its "sell (d)" rating restated by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered shares of Orchid Island Capital from a "hold" rating to a "strong sell" rating in a research note on Saturday, July 26th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Orchid Island Capital currently has an average rating of "Reduce".

Get Our Latest Stock Report on ORC

Orchid Island Capital Stock Down 0.3%

Orchid Island Capital stock opened at $7.22 on Wednesday. The business's 50-day simple moving average is $7.09 and its 200 day simple moving average is $7.05. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 36.08 and a beta of 1.53. Orchid Island Capital has a 12-month low of $5.68 and a 12-month high of $9.01.

Orchid Island Capital (NYSE:ORC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $23.15 million for the quarter, compared to the consensus estimate of $23.25 million. As a group, sell-side analysts expect that Orchid Island Capital will post 0.37 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ORC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Orchid Island Capital by 537.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,585,508 shares of the real estate investment trust's stock worth $26,963,000 after acquiring an additional 3,023,062 shares during the last quarter. Vanguard Group Inc. grew its holdings in Orchid Island Capital by 26.0% in the 1st quarter. Vanguard Group Inc. now owns 5,341,095 shares of the real estate investment trust's stock valued at $40,165,000 after buying an additional 1,102,315 shares in the last quarter. Millennium Management LLC grew its holdings in Orchid Island Capital by 234.9% in the 1st quarter. Millennium Management LLC now owns 1,036,387 shares of the real estate investment trust's stock valued at $7,794,000 after buying an additional 726,907 shares in the last quarter. Bank of America Corp DE grew its holdings in Orchid Island Capital by 1,338.0% in the 2nd quarter. Bank of America Corp DE now owns 701,837 shares of the real estate investment trust's stock valued at $4,920,000 after buying an additional 653,030 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in Orchid Island Capital by 416.3% in the 1st quarter. Wolverine Asset Management LLC now owns 798,360 shares of the real estate investment trust's stock valued at $6,004,000 after buying an additional 643,717 shares in the last quarter. 32.74% of the stock is owned by institutional investors and hedge funds.

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.

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