Orchid Island Capital (NYSE:ORC) Share Price Passes Below 200 Day Moving Average of $13.01

Shares of Orchid Island Capital, Inc. (NYSE:ORCGet Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.01 and traded as low as $10.49. Orchid Island Capital shares last traded at $10.75, with a volume of 813,505 shares.

Analyst Ratings Changes

ORC has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Orchid Island Capital to a “sell” rating in a research note on Monday, October 31st. LADENBURG THALM/SH SH lowered shares of Orchid Island Capital to a “neutral” rating in a research report on Monday, August 15th.

Orchid Island Capital Price Performance

The company has a market capitalization of $359.27 million, a P/E ratio of -1.11 and a beta of 1.55. The firm’s 50-day moving average is $9.92 and its 200-day moving average is $13.01.

Orchid Island Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 28th. Shareholders of record on Wednesday, November 30th will be issued a dividend of $0.16 per share. This represents a $1.92 annualized dividend and a yield of 17.86%. The ex-dividend date of this dividend is Tuesday, November 29th. Orchid Island Capital’s dividend payout ratio is currently -19.90%.

Hedge Funds Weigh In On Orchid Island Capital

Large investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. purchased a new position in Orchid Island Capital during the second quarter valued at approximately $32,000. Avidian Wealth Solutions LLC purchased a new position in shares of Orchid Island Capital in the first quarter worth $38,000. Atria Wealth Solutions Inc. purchased a new position in shares of Orchid Island Capital in the first quarter worth $38,000. Aigen Investment Management LP purchased a new position in shares of Orchid Island Capital in the first quarter worth $40,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Orchid Island Capital in the second quarter worth $42,000. Hedge funds and other institutional investors own 22.13% of the company’s stock.

Orchid Island Capital Company Profile

(Get 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 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.

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