StockNews.com launches coverage on Orchid Island Capital (NYSE:ORC)

StockNews.com launched coverage on the shares of Orchid Island Capital (NYSE:ORC – Get Grade) in a research report released Wednesday. The brokerage has set a “sell” rating on the shares of the real estate investment trust.

Separately, LADENBURG THALM/SH SH downgraded shares of Orchid Island Capital to a “neutral” rating in a Monday, August 15 research report.

Orchid Island share capital performance

ORC shares opened at $9.25 on Wednesday. Orchid Island Capital has a one-year low of $7.95 and a one-year high of $25.30. The company has a 50-day moving average price of $12.61 and a 200-day moving average price of $14.14. The company has a market capitalization of $326.06 million, a price-earnings ratio of -1.48 and a beta of 1.49.

Institutional investors weigh in on Orchid Island Capital

Several large investors have recently changed their positions in the company. Vanguard Group Inc. increased its position in shares of Orchid Island Capital by 50.3% in the first quarter. Vanguard Group Inc. now owns 10,183,641 shares of the real estate investment trust worth $33,097,000 after acquiring 3,406,623 additional shares in the last quarter. State Street Corp increased its stake in Orchid Island Capital by 12.6% during the second quarter. State Street Corp now owns 2,862,255 shares of the real estate investment trust valued at $8,283,000 after buying an additional 320,297 shares last quarter. Northern Trust Corp increased its stake in Orchid Island Capital by 25.5% during the second quarter. Northern Trust Corp now owns 1,568,441 shares of the real estate investment trust valued at $4,469,000 after buying an additional 319,137 shares last quarter. Bank of New York Mellon Corp increased its stake in Orchid Island Capital by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 476,111 shares of the real estate investment trust valued at $1,548,000 after buying an additional 28,074 shares last quarter. Finally, UBS Group AG increased its stake in Orchid Island Capital by 21.7% during the first quarter. UBS Group AG now owns 453,616 shares of the real estate investment trust worth $1,474,000 after buying an additional 80,841 shares last quarter. Institutional investors and hedge funds hold 22.13% of the company’s shares.

About Orchid Island Capital

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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.

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