Orchid Island Capital (NYSE:ORC) Share Price Crosses Above Two Hundred Day Moving Average of $8.22

Shares of Orchid Island Capital, Inc. (NYSE:ORCGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.22 and traded as high as $8.75. Orchid Island Capital shares last traded at $8.67, with a volume of 1,988,404 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently commented on ORC. JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a research report on Thursday, April 18th. StockNews.com upgraded shares of Orchid Island Capital to a “sell” rating in a report on Friday, February 9th.

View Our Latest Stock Report on Orchid Island Capital

Orchid Island Capital Stock Performance

The company has a market cap of $460.84 million, a price-to-earnings ratio of -16.41 and a beta of 1.82. The company has a 50-day simple moving average of $8.59 and a 200-day simple moving average of $8.25.

Orchid Island Capital (NYSE:ORCGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The real estate investment trust reported ($0.12) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.12). During the same period last year, the business posted ($0.24) EPS. As a group, equities research analysts forecast that Orchid Island Capital, Inc. will post -0.36 EPS for the current year.

Orchid Island Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, May 31st will be given a $0.12 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.44 annualized dividend and a dividend yield of 16.55%. Orchid Island Capital’s dividend payout ratio is currently -271.70%.

Institutional Investors Weigh In On Orchid Island Capital

Several hedge funds have recently made changes to their positions in the business. Hudson Bay Capital Management LP acquired a new position in shares of Orchid Island Capital during the 3rd quarter valued at $4,648,000. Invesco Ltd. increased its stake in Orchid Island Capital by 33.6% during the 3rd quarter. Invesco Ltd. now owns 2,073,998 shares of the real estate investment trust’s stock worth $17,650,000 after buying an additional 521,401 shares during the period. Vanguard Group Inc. lifted its holdings in Orchid Island Capital by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,120,928 shares of the real estate investment trust’s stock worth $18,049,000 after buying an additional 53,652 shares in the last quarter. Van ECK Associates Corp boosted its position in Orchid Island Capital by 12.6% in the 4th quarter. Van ECK Associates Corp now owns 403,659 shares of the real estate investment trust’s stock valued at $3,403,000 after buying an additional 45,279 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of Orchid Island Capital during the third quarter valued at about $516,000. 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.

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