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.

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Lynn A. Saleh