Orchid Island Capital (NYSE:ORC) Hits New 12-Month Low – Should You Sell?

Orchid Island Capital, Inc. (NYSE:ORC)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $7.36 and last traded at $7.55, with a volume of 918180 shares traded. The stock had previously closed at $7.54.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ORC shares. StockNews.com downgraded Orchid Island Capital from a “hold” rating to a “sell” rating in a report on Thursday. JMP Securities reiterated a “market perform” rating on shares of Orchid Island Capital in a report on Thursday, January 23rd.

Orchid Island Capital Stock Down 0.3 %

The company’s 50 day simple moving average is $8.33 and its two-hundred day simple moving average is $8.06. The company has a market capitalization of $701.10 million, a price-to-earnings ratio of 12.53 and a beta of 1.90.

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

Orchid Island Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, March 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 19.16%. Orchid Island Capital’s payout ratio is 240.00%.

Institutional Trading of Orchid Island Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ORC. Charles Schwab Investment Management Inc. raised its holdings in Orchid Island Capital by 13.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 663,655 shares of the real estate investment trust’s stock worth $5,163,000 after purchasing an additional 77,435 shares during the period. State Street Corp raised its stake in shares of Orchid Island Capital by 13.0% during the 3rd quarter. State Street Corp now owns 1,073,495 shares of the real estate investment trust’s stock worth $8,952,000 after buying an additional 123,239 shares during the period. Barclays PLC lifted its position in shares of Orchid Island Capital by 409.6% during the 3rd quarter. Barclays PLC now owns 94,005 shares of the real estate investment trust’s stock valued at $773,000 after buying an additional 75,557 shares in the last quarter. Geode Capital Management LLC grew its stake in Orchid Island Capital by 34.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,650,122 shares of the real estate investment trust’s stock valued at $13,566,000 after acquiring an additional 421,718 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Orchid Island Capital in the 4th quarter worth $646,000. Institutional investors and hedge funds own 32.74% of the company’s stock.

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.