Orchid Island Capital (NYSE:ORC) upgraded to sell by StockNews.com

Orchid Island Capital (NYSE:ORC – Get Grade) was upgraded by StockNews.com research analysts to a “sell” rating in a research note released Thursday.

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

Orchid Island Capital Awards Performance

ORC opened at $12.64 on Thursday. The company has a market capitalization of $445.56 million, a PE ratio of -2.02 and a beta of 1.33. The company’s 50-day moving average is $14.86 and its two-hundred-day moving average is $15.26. Orchid Island Capital has a 1-year low of $12.20 and a 1-year high of $25.40.

Institutional entries and exits

A number of hedge funds and other institutional investors have recently changed their positions in the stock. Advisor Group Holdings Inc. increased its stake in Orchid Island Capital by 0.9% in Q1. Advisor Group Holdings Inc. now owns 364,538 shares of the real estate investment trust worth $1,185,000 after purchasing an additional 3,429 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Orchid Island Capital by 13.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 32,760 shares of the real estate investment trust worth $93,000 after acquiring an additional 3,900 shares during the period. Legal & General Group Plc increased its equity stake in Orchid Island Capital by 40.2% during the second quarter. Legal & General Group Plc now owns 14,975 shares of the real estate investment trust worth $43,000 after buying an additional 4,291 shares in the last quarter. Titleist Asset Management LTD. increased its equity stake in Orchid Island Capital by 15.3% during the first quarter. Titleist Asset Management LTD. now owns 32,991 shares of the real estate investment trust worth $107,000 after purchasing an additional 4,383 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its position in Orchid Island Capital by 27.8% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 20,470 shares of the real estate investment trust worth $58,000 after purchasing an additional 4,449 shares during the period. Hedge funds and other institutional investors hold 22.13% of the company’s shares.

About Orchid Island Capital

(Get a rating)

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.

Recommended Stories

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Orchid Island Capital, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Orchid Island Capital didn’t make the list.

While Orchid Island Capital currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here