Orchid Island Capital (NYSE:ORC) Given Market Perform Rating at JMP Securities

Orchid Island Capital (NYSE:ORC)‘s stock had its “market perform” rating reissued by JMP Securities in a note issued to investors on Thursday, Benzinga reports.

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

Orchid Island Capital Stock Up 1.1 %

Shares of Orchid Island Capital stock traded up $0.09 on Thursday, hitting $8.25. The stock had a trading volume of 243,281 shares, compared to its average volume of 1,140,732. Orchid Island Capital has a twelve month low of $5.90 and a twelve month high of $11.27. The business’s 50 day moving average is $8.55 and its two-hundred day moving average is $8.04. The stock has a market cap of $423.23 million, a price-to-earnings ratio of -10.07 and a beta of 1.83.

Institutional Investors Weigh In On Orchid Island Capital

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Orchid Island Capital by 50.3% in the 1st quarter. Vanguard Group Inc. now owns 10,183,641 shares of the real estate investment trust’s stock valued at $33,097,000 after purchasing an additional 3,406,623 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Orchid Island Capital by 11.5% in the 1st quarter. BlackRock Inc. now owns 3,502,129 shares of the real estate investment trust’s stock valued at $37,578,000 after purchasing an additional 361,242 shares in the last quarter. State Street Corp boosted its holdings in shares of Orchid Island Capital by 12.6% in the 2nd quarter. State Street Corp now owns 2,862,255 shares of the real estate investment trust’s stock valued at $8,283,000 after purchasing an additional 320,297 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Orchid Island Capital by 33.6% in the 3rd quarter. Invesco Ltd. now owns 2,073,998 shares of the real estate investment trust’s stock valued at $17,650,000 after purchasing an additional 521,401 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Orchid Island Capital by 25.5% in the 2nd quarter. Northern Trust Corp now owns 1,568,441 shares of the real estate investment trust’s stock valued at $4,469,000 after purchasing an additional 319,137 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.