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

Orchid Island Capital, Inc. (NYSE:ORC) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 4,620,000 shares, an increase of 19.1% from the February 13th total of 3,880,000 shares. Currently, 5.0% of the shares of the stock are short sold. Based on an average trading volume of 2,770,000 shares, the days-to-cover ratio is presently 1.7 days.

Orchid Island Capital Trading Up 0.2 %

Shares of ORC stock traded up $0.02 during mid-day trading on Tuesday, reaching $8.39. The stock had a trading volume of 1,887,813 shares, compared to its average volume of 2,021,105. The company has a market cap of $782.27 million, a P/E ratio of 13.98 and a beta of 1.90. The business has a 50-day simple moving average of $8.28 and a 200 day simple moving average of $8.06. Orchid Island Capital has a 12-month low of $7.41 and a 12-month high of $9.08.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. Research analysts anticipate that Orchid Island Capital will post 0.37 EPS for the current year.

Orchid Island Capital Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 17.17%. The ex-dividend date of this dividend is Friday, February 28th. Orchid Island Capital’s dividend payout ratio is presently 240.00%.

Analysts Set New Price Targets

ORC has been the subject of a number of recent analyst reports. StockNews.com downgraded Orchid Island Capital from a “hold” rating to a “sell” rating in a report on Friday, March 7th. JMP Securities reissued a “market perform” rating on shares of Orchid Island Capital in a report on Thursday, January 23rd.

Institutional Trading of Orchid Island Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORC. Russell Investments Group Ltd. boosted its stake in Orchid Island Capital by 32.8% in the 4th quarter. Russell Investments Group Ltd. now owns 6,165 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 1,522 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Orchid Island Capital by 73.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,119 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 3,012 shares during the last quarter. Millennium Management LLC boosted its stake in Orchid Island Capital by 1.1% in the 4th quarter. Millennium Management LLC now owns 309,480 shares of the real estate investment trust’s stock worth $2,408,000 after buying an additional 3,354 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Orchid Island Capital by 7.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 47,858 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 3,410 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Orchid Island Capital by 17.6% in the 4th quarter. Deutsche Bank AG now owns 36,869 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 5,530 shares during the last quarter. Hedge funds and other institutional investors own 32.74% of the company’s stock.

About Orchid Island Capital

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.