Orchid Island Capital’s (ORC) Hold Rating Reiterated at Jones Trading

Jones Trading reiterated their hold rating on shares of Orchid Island Capital (NYSE:ORC) in a report issued on Wednesday,Benzinga reports.

Other equities research analysts have also recently issued reports about the company. StockNews.com cut Orchid Island Capital from a “hold” rating to a “sell” rating in a research note 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 Price Performance

NYSE ORC opened at $7.00 on Wednesday. The company has a market capitalization of $746.71 million, a price-to-earnings ratio of 11.67 and a beta of 1.54. Orchid Island Capital has a 12 month low of $5.69 and a 12 month high of $9.01. The company’s fifty day moving average price is $7.46 and its two-hundred day moving average price is $7.81.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $19.71 million for the quarter, compared to the consensus estimate of $11.96 million. As a group, analysts anticipate that Orchid Island Capital will post 0.37 EPS for the current year.

Orchid Island Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Wednesday, April 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.44 annualized dividend and a dividend yield of 20.57%. Orchid Island Capital’s dividend payout ratio is currently 360.00%.

Institutional Investors Weigh In On Orchid Island Capital

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rogco LP purchased a new stake in shares of Orchid Island Capital in the 1st quarter valued at approximately $28,000. Russell Investments Group Ltd. grew its stake in Orchid Island Capital by 32.8% in the fourth quarter. Russell Investments Group Ltd. now owns 6,165 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 1,522 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Orchid Island Capital by 73.3% during the 4th 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. McIlrath & Eck LLC purchased a new stake in shares of Orchid Island Capital during the 3rd quarter worth about $58,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Orchid Island Capital during the 4th quarter valued at about $82,000. 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.