Orchid Island Capital, Inc. (NYSE:ORC) Short Interest Update

Orchid Island Capital, Inc. (NYSE:ORC) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 4,620,000 shares, a growth of 19.1% from the February 13th total of 3,880,000 shares. Based on an average daily volume of 2,770,000 shares, the short-interest ratio is presently 1.7 days. Approximately 5.0% of the company’s shares are short sold.

Orchid Island Capital Price Performance

Orchid Island Capital stock traded up $0.02 during midday trading on Tuesday, hitting $8.39. 1,887,813 shares of the company were exchanged, compared to its average volume of 2,021,105. The company’s fifty day moving average price is $8.28 and its 200-day moving average price is $8.06. The company has a market cap of $782.27 million, a PE ratio of 13.98 and a beta of 1.90. Orchid Island Capital has a fifty-two week low of $7.41 and a fifty-two week high of $9.08.

Orchid Island Capital (NYSE:ORC) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.08. On average, analysts expect that Orchid Island Capital will post 0.37 EPS for the current fiscal year.

Orchid Island Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 17.17%. The ex-dividend date of this dividend is Friday, February 28th. Orchid Island Capital’s dividend payout ratio (DPR) is presently 240.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JMP Securities reaffirmed a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd. StockNews.com lowered Orchid Island Capital from a “hold” rating to a “sell” rating in a research note on Friday, March 7th.

Hedge Funds Weigh In On Orchid Island Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming lifted its position in Orchid Island Capital by 622.2% during the 4th quarter. State of Wyoming now owns 48,815 shares of the real estate investment trust’s stock worth $380,000 after acquiring an additional 42,056 shares in the last quarter. ProShare Advisors LLC increased its holdings in Orchid Island Capital by 63.8% during the 4th quarter. ProShare Advisors LLC now owns 22,162 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 8,633 shares during the last quarter. Millennium Management LLC increased its holdings in Orchid Island Capital by 1.1% during the 4th quarter. Millennium Management LLC now owns 309,480 shares of the real estate investment trust’s stock worth $2,408,000 after purchasing an additional 3,354 shares during the last quarter. Deutsche Bank AG increased its holdings in Orchid Island Capital by 17.6% during the 4th quarter. Deutsche Bank AG now owns 36,869 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 5,530 shares during the last quarter. Finally, Centiva Capital LP increased its holdings in Orchid Island Capital by 82.4% during the 4th quarter. Centiva Capital LP now owns 50,881 shares of the real estate investment trust’s stock worth $396,000 after purchasing an additional 22,987 shares during the last quarter. 32.74% of the stock is owned by institutional investors and hedge funds.

Orchid Island Capital Company Profile

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.