Orchid Island Capital Inc. (NYSE:ORC) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $10.98 and last traded at $10.96, with a volume of 213,152 shares traded. The stock had previously closed at $10.86.

ORC has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Orchid Island Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. National Securities lowered shares of 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 firm has a 50 day moving average price of $10.42 and a 200 day moving average price of $9.98. The company’s market capitalization is $239.18 million.

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

The company also recently disclosed 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. This represents a $1.68 annualized dividend and a yield of 15.47%. The ex-dividend date is Monday, July 25th.

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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