Orchid Island Capital (NYSE:ORC) Sets New 1-Year Low – What’s Next?

Orchid Island Capital, Inc. (NYSE:ORC)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $7.36 and last traded at $7.55, with a volume of 918180 shares traded. The stock had previously closed at $7.54.

Wall Street Analyst Weigh In

ORC has been the topic of several research analyst reports. StockNews.com cut Orchid Island Capital from a “hold” rating to a “sell” rating in a report 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 Stock Down 0.7 %

The business’s fifty day moving average is $8.30 and its 200-day moving average is $8.05. The company has a market cap of $696.44 million, a PE ratio of 12.44 and a beta of 1.90.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.08. Analysts forecast that Orchid Island Capital, Inc. will post 0.37 EPS for the current fiscal year.

Orchid Island Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 19.29%. The ex-dividend date is Monday, March 31st. Orchid Island Capital’s dividend payout ratio is presently 240.00%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ORC. Russell Investments Group Ltd. increased its holdings in Orchid Island Capital by 32.8% in 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. McIlrath & Eck LLC bought a new position in shares of Orchid Island Capital in the third quarter worth approximately $58,000. Tower Research Capital LLC TRC increased its stake in shares of Orchid Island Capital by 73.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,119 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 3,012 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Orchid Island Capital during the 4th quarter valued at $82,000. Finally, Mariner LLC purchased a new position in shares of Orchid Island Capital during the 4th quarter valued at $82,000. Institutional investors own 32.74% of the company’s stock.

About Orchid Island Capital

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.