Orchid Island Capital (NYSE:ORC) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Orchid Island Capital, Inc. (NYSE:ORC) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.39 and traded as low as $7.25. Orchid Island Capital shares last traded at $7.2650, with a volume of 4,822,626 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ORC. Compass Point assumed coverage on shares of Orchid Island Capital in a research note on Monday, December 15th. They issued a “neutral” rating and a $7.50 price objective on the stock. Weiss Ratings upgraded shares of Orchid Island Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 26th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Orchid Island Capital has an average rating of “Hold” and a consensus target price of $7.50.

Orchid Island Capital Stock Performance

The stock has a market cap of $1.39 billion, a P/E ratio of 6.99 and a beta of 1.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 509.34 and a quick ratio of 509.34. The stock’s 50 day simple moving average is $7.68 and its two-hundred day simple moving average is $7.39.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $124.78 million for the quarter, compared to the consensus estimate of $35.74 million. As a group, research analysts forecast that Orchid Island Capital, Inc. will post 0.37 EPS for the current year.

Orchid Island Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 19.8%. Orchid Island Capital’s dividend payout ratio (DPR) is currently 138.46%.

Institutional Trading of Orchid Island Capital

A number of institutional investors have recently modified their holdings of ORC. World Investment Advisors bought a new position in shares of Orchid Island Capital during the fourth quarter worth about $245,000. Corient Private Wealth LLC bought a new stake in Orchid Island Capital in the 4th quarter valued at approximately $115,000. Caitong International Asset Management Co. Ltd lifted its stake in Orchid Island Capital by 32,505.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,521 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 6,501 shares in the last quarter. MidFirst Bank acquired a new position in Orchid Island Capital during the 4th quarter worth approximately $180,000. Finally, Compound Planning Inc. acquired a new position in Orchid Island Capital during the 4th quarter worth approximately $103,000. 32.74% of the stock is currently owned by institutional investors.

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.