JMP Securities Reaffirms “Market Perform” Rating for Orchid Island Capital (NYSE:ORC)

Orchid Island Capital (NYSE:ORC)‘s stock had its “market perform” rating restated by analysts at JMP Securities in a research note issued to investors on Thursday, Benzinga reports.

Separately, StockNews.com raised Orchid Island Capital to a “sell” rating in a report on Friday, February 9th.

Orchid Island Capital Stock Performance

Shares of ORC stock opened at $8.26 on Thursday. The stock’s fifty day moving average price is $8.55 and its two-hundred day moving average price is $8.05. The company has a market cap of $423.76 million, a PE ratio of -10.07 and a beta of 1.83. Orchid Island Capital has a fifty-two week low of $5.90 and a fifty-two week high of $11.27.

Institutional Investors Weigh In On Orchid Island Capital

Several hedge funds have recently modified their holdings of ORC. Vanguard Group Inc. boosted its holdings in shares of Orchid Island Capital by 50.3% during the 1st quarter. Vanguard Group Inc. now owns 10,183,641 shares of the real estate investment trust’s stock valued at $33,097,000 after acquiring an additional 3,406,623 shares in the last quarter. Balyasny Asset Management LLC boosted its holdings in shares of Orchid Island Capital by 1,436.8% during the 3rd quarter. Balyasny Asset Management LLC now owns 1,494,875 shares of the real estate investment trust’s stock valued at $12,258,000 after acquiring an additional 1,397,606 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Orchid Island Capital by 299.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 914,125 shares of the real estate investment trust’s stock valued at $7,779,000 after acquiring an additional 685,424 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Orchid Island Capital during the 3rd quarter valued at $4,648,000. Finally, Invesco Ltd. boosted its holdings in shares of 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 valued at $17,650,000 after acquiring an additional 521,401 shares in the last quarter. Institutional investors and hedge funds own 32.74% of the company’s stock.

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.