Orchid Island Capital (ORC) set to report quarterly earnings on Thursday

Orchid Island Capital (NYSE:ORC – Get Rating) is expected to release quarterly earnings data after market close on Thursday, October 27. Parties wishing to listen to the company’s conference call may do so using this link.

Orchid Island share capital down 0.6%

ORC shares opened at $9.60 on Thursday. The company has a market capitalization of $338.40 million, a P/E ratio of -1.54 and a beta of 1.49. Orchid Island Capital has a 12-month low of $7.95 and a 12-month high of $25.20. The stock’s fifty-day simple moving average is $11.84 and its 200-day simple moving average is $13.85.

Orchid Island Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 28. Shareholders of record on Monday, October 31 will receive a dividend of $0.16. The ex-dividend date is Friday, October 28. This represents a dividend of $1.92 on an annualized basis and a dividend yield of 20.00%. Orchid Island Capital’s dividend payout ratio (DPR) is currently -30.72%.

Orchid Island Capital Institutional Trading

Institutional investors and hedge funds have recently changed their stock holdings. Legal & General Group Plc increased its holdings of Orchid Island Capital shares by 40.2% in the second quarter. Legal & General Group Plc now owns 14,975 shares of the real estate investment trust worth $43,000 after acquiring 4,291 additional shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Orchid Island Capital by 1.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 371,618 shares of the real estate investment trust worth $1,208,000 after purchasing an additional 6,844 shares during the period. BNP Paribas Arbitrage SA increased its stake in Orchid Island Capital by 23.9% during the second quarter. BNP Paribas Arbitrage SA now owns 40,184 shares of the real estate investment trust valued at $115,000 after purchasing an additional 7,748 shares during the period. Prudential Financial Inc. bought a new position in Orchid Island Capital during the second quarter worth $32,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Orchid Island Capital during the first quarter worth $38,000. 22.13% of the shares are held by hedge funds and other institutional investors.

Changes to analyst ratings

A number of research analysts have recently published reports on the company. StockNews.com picked up coverage from Orchid Island Capital in a Wednesday, October 12 research note. They issued a “sell” rating on the stock. LADENBURG THALM/SH SH downgraded Orchid Island Capital to a ‘neutral’ rating in a Monday August 15 research note.

Orchid Island Capital Company Profile

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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 mortgages, referred to as Agency RMBS. Its portfolio includes traditional transfer agency RMBS, such as mortgage transfer certificates and secured mortgage bonds; and structured agency RMBS comprising interest only securities, inverse interest only securities and principal only securities.