Orchid Island Capital (NYSE:ORC) Lowered to “Sell” Rating by StockNews.com

Orchid Island Capital (NYSE:ORC) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Separately, JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a research report on Thursday, January 23rd.

Orchid Island Capital Stock Down 3.6 %

NYSE ORC opened at $7.66 on Thursday. The company has a market capitalization of $715.01 million, a price-to-earnings ratio of 12.77 and a beta of 1.90. Orchid Island Capital has a twelve month low of $7.41 and a twelve month high of $9.01. The stock has a fifty day simple moving average of $8.33 and a 200 day simple moving average of $8.06.

Orchid Island Capital (NYSE:ORC) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. Research analysts expect that Orchid Island Capital will post 0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC bought a new stake in Orchid Island Capital in the third quarter worth approximately $121,000. Charles Schwab Investment Management Inc. grew its position in shares of Orchid Island Capital by 274.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,220 shares of the real estate investment trust’s stock worth $4,819,000 after buying an additional 429,689 shares during the period. Penserra Capital Management LLC increased its stake in shares of Orchid Island Capital by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 114,059 shares of the real estate investment trust’s stock valued at $937,000 after acquiring an additional 21,235 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Orchid Island Capital by 29.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 26,466 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 5,945 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of Orchid Island Capital by 32.6% during the 3rd quarter. MetLife Investment Management LLC now owns 40,851 shares of the real estate investment trust’s stock valued at $336,000 after acquiring an additional 10,032 shares during the period. 32.74% of the stock is owned by institutional investors and hedge funds.

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.