Orchid Island Capital (NYSE:ORC) Receives Market Perform Rating from JMP Securities

JMP Securities reissued their market perform rating on shares of Orchid Island Capital (NYSE:ORC) in a research report sent to investors on Thursday, Benzinga reports.

Separately, StockNews.com raised shares of Orchid Island Capital to a sell rating in a report on Friday, February 9th.

Orchid Island Capital Trading Down 0.2 %

Shares of NYSE ORC opened at $8.15 on Thursday. Orchid Island Capital has a 12-month low of $5.90 and a 12-month high of $11.27. The firm’s 50-day simple moving average is $8.55 and its 200 day simple moving average is $8.04.

Orchid Island Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 30th. Investors of record on Tuesday, April 30th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 17.68%. The ex-dividend date of this dividend is Monday, April 29th. Orchid Island Capital’s dividend payout ratio is -175.61%.

Institutional Trading of Orchid Island Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in ORC. Strs Ohio grew its position in shares of Orchid Island Capital by 15.1% during the 4th quarter. Strs Ohio now owns 10,700 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 1,400 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Orchid Island Capital by 12.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 12,600 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 1,420 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Orchid Island Capital by 5.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 30,792 shares of the real estate investment trust’s stock worth $319,000 after acquiring an additional 1,467 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Orchid Island Capital by 11.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,558 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 1,556 shares during the period. Finally, Squarepoint Ops LLC raised its position in shares of Orchid Island Capital by 6.9% during the 4th quarter. Squarepoint Ops LLC now owns 30,396 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 1,951 shares during the last quarter. 32.74% of the stock is owned by institutional investors.

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.