Orchid Island Capital (NYSE:ORC) Cut to Sell at StockNews.com

Orchid Island Capital (NYSE:ORC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

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

Orchid Island Capital Trading Up 1.9 %

NYSE:ORC opened at $8.47 on Friday. The firm has a market cap of $789.73 million, a price-to-earnings ratio of 14.11 and a beta of 1.90. The company’s 50-day moving average is $8.22 and its two-hundred day moving average is $8.06. Orchid Island Capital has a 12-month low of $7.41 and a 12-month high of $9.08.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of Orchid Island Capital by 32.8% during the 4th quarter. Russell Investments Group Ltd. now owns 6,165 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 1,522 shares during the last quarter. Tower Research Capital LLC TRC increased 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 valued at $55,000 after acquiring an additional 3,012 shares during the last quarter. Millennium Management LLC increased its stake in shares of Orchid Island Capital by 1.1% during the 4th quarter. Millennium Management LLC now owns 309,480 shares of the real estate investment trust’s stock valued at $2,408,000 after acquiring an additional 3,354 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Orchid Island Capital by 7.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust’s stock valued at $378,000 after acquiring an additional 3,410 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Orchid Island Capital by 17.6% during the 4th quarter. Deutsche Bank AG now owns 36,869 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 5,530 shares in the last quarter. Institutional investors and hedge funds own 32.74% of the company’s stock.

About Orchid Island Capital

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.