Orchid Island Capital Inc. (NYSE:ORC) traded up 1% on Tuesday . The company traded as high as $10.90 and last traded at $10.88, with a volume of 186,171 shares. The stock had previously closed at $10.77.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Orchid Island Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. National Securities downgraded Orchid Island Capital from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a research note on Tuesday, May 17th.

The stock’s market capitalization is $237.22 million. The firm has a 50 day moving average price of $10.41 and a 200-day moving average price of $9.97.

Orchid Island Capital (NYSE:ORC) last released its quarterly earnings results on Wednesday, April 27th. The company reported ($0.21) EPS for the quarter. On average, analysts anticipate that Orchid Island Capital Inc. will post $0.13 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Friday, July 29th. Investors of record on Wednesday, July 27th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, July 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 15.60%.

Orchid Island Capital, Inc (Orchid) is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions.

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