Orchid Island Capital Inc. (NYSE:ORC) shares traded down 1.7% on Friday . The stock traded as low as $10.51 and last traded at $10.52, with a volume of 251,058 shares. The stock had previously closed at $10.70.

Several research analysts have weighed in on the company. Zacks Investment Research lowered Orchid Island Capital from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. TheStreet raised Orchid Island Capital from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, National Securities lowered Orchid Island Capital from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research report on Tuesday, May 17th.

The company has a 50-day moving average of $10.82 and a 200 day moving average of $10.33. The firm has a market capitalization of $238.31 million and a P/E ratio of 871.67.

Orchid Island Capital (NYSE:ORC) last announced its earnings results on Wednesday, July 27th. The company reported $0.29 EPS for the quarter. Analysts anticipate that Orchid Island Capital Inc. will post $0.13 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 29th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, August 25th. This represents a $1.68 annualized dividend and a dividend yield of 16.06%.

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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