Orchid Island Capital, Inc. (NYSE:ORC) Short Interest Update

Orchid Island Capital, Inc. (NYSE:ORC) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 15,830,858 shares, a growth of 28.1% from the January 15th total of 12,357,634 shares. Based on an average daily volume of 7,791,662 shares, the short-interest ratio is currently 2.0 days. Currently, 8.7% of the shares of the stock are short sold. Currently, 8.7% of the shares of the stock are short sold. Based on an average daily volume of 7,791,662 shares, the short-interest ratio is currently 2.0 days.

Orchid Island Capital Stock Performance

Shares of NYSE ORC opened at $7.52 on Wednesday. The firm has a 50 day moving average price of $7.62 and a two-hundred day moving average price of $7.35. The stock has a market cap of $1.38 billion, a P/E ratio of 7.23 and a beta of 1.68. Orchid Island Capital has a 52-week low of $5.68 and a 52-week high of $9.01.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $109.23 million for the quarter, compared to analyst estimates of $35.74 million. Analysts predict that Orchid Island Capital will post 0.37 earnings per share for the current fiscal year.

Orchid Island Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 19.1%. The ex-dividend date is Friday, February 27th. Orchid Island Capital’s payout ratio is 138.46%.

Wall Street Analyst Weigh In

ORC has been the subject of several recent analyst reports. Wall Street Zen upgraded Orchid Island Capital from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Compass Point began coverage on Orchid Island Capital in a research note on Monday, December 15th. They set a “neutral” rating and a $7.50 target price for the company. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Orchid Island Capital in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $7.50.

Institutional Trading of Orchid Island Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in shares of Orchid Island Capital by 313.0% during the third quarter. Nisa Investment Advisors LLC now owns 207,548 shares of the real estate investment trust’s stock valued at $1,480,000 after purchasing an additional 157,300 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Orchid Island Capital in the 2nd quarter worth approximately $1,027,000. Financial Gravity Companies Inc. bought a new position in shares of Orchid Island Capital in the second quarter valued at approximately $644,000. Swiss National Bank purchased a new stake in shares of Orchid Island Capital during the second quarter valued at approximately $1,417,000. Finally, Cetera Investment Advisers lifted its holdings in Orchid Island Capital by 58.4% during the second quarter. Cetera Investment Advisers now owns 326,071 shares of the real estate investment trust’s stock worth $2,286,000 after acquiring an additional 120,203 shares during the period. Institutional investors and hedge funds own 32.74% of the company’s stock.

About Orchid Island Capital

Orchid Island Capital is a real estate investment trust that specializes in investing in residential mortgage‐backed securities (RMBS), with a primary focus on mortgage pass‐through securities guaranteed by the Government National Mortgage Association (Ginnie Mae). Structured to elect and maintain status as a REIT under the U.S. Internal Revenue Code, the company’s principal business strategy involves acquiring pools of U.S. residential mortgages in the secondary market and holding them to generate interest income.