Orchid Island Capital (NYSE:ORC) Reaches New 52-Week Low at $4.16

Orchid Island Capital, Inc. (NYSE:ORC)’s share price hit a new 52-week low during trading on Saturday . The company traded as low as $4.16 and last traded at $4.22, with a volume of 14848784 shares traded. The stock had previously closed at $4.58.

A number of equities analysts have commented on ORC shares. JMP Securities started coverage on Orchid Island Capital in a research note on Wednesday. They issued a “market perform” rating on the stock. Zacks Investment Research raised Orchid Island Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, January 4th.

The stock has a market capitalization of $746.91 million, a P/E ratio of -52.75 and a beta of 1.25. The stock has a 50-day moving average price of $4.64 and a two-hundred day moving average price of $4.90.

Orchid Island Capital (NYSE:ORC) last issued its quarterly earnings data on Thursday, October 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.22. During the same period in the prior year, the business earned $0.33 earnings per share. On average, sell-side analysts forecast that Orchid Island Capital, Inc. will post 0.96 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 27th. Stockholders of record on Friday, December 31st will be given a $0.065 dividend. The ex-dividend date is Thursday, December 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 18.48%. Orchid Island Capital’s dividend payout ratio is currently -975.00%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ORC. New York State Common Retirement Fund boosted its position in shares of Orchid Island Capital by 55.4% during the second quarter. New York State Common Retirement Fund now owns 76,480 shares of the real estate investment trust’s stock valued at $397,000 after purchasing an additional 27,280 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Orchid Island Capital by 2.4% during the second quarter. Rhumbline Advisers now owns 118,129 shares of the real estate investment trust’s stock valued at $613,000 after purchasing an additional 2,799 shares in the last quarter. Citigroup Inc. boosted its position in shares of Orchid Island Capital by 1,396.9% during the second quarter. Citigroup Inc. now owns 125,472 shares of the real estate investment trust’s stock valued at $651,000 after purchasing an additional 117,090 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Orchid Island Capital by 17.7% during the second quarter. Van ECK Associates Corp now owns 863,957 shares of the real estate investment trust’s stock valued at $4,484,000 after purchasing an additional 129,704 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Orchid Island Capital by 55.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 51,083 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 18,229 shares in the last quarter. Institutional investors own 24.29% of the company’s stock.

About Orchid Island Capital (NYSE:ORC)

Orchid Island Capital, Inc operates as a specialty finance company, which engages in investing in residential mortgage-backed securities (RMBS). Its portfolio consists of traditional pass-through Agency RMBS and structured Agency RMBS. The traditional pass-through Agency RMBS include mortgage pass through certificates and collateralized mortgage obligations.

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