Orchid Island Capital Inc. (NYSE:ORC)’s share price hit a new 52-week high on Thursday . The company traded as high as $11.10 and last traded at $11.07, with a volume of 603,226 shares. The stock had previously closed at $10.85.

ORC has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Orchid Island Capital from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. National Securities reissued a “neutral” rating and issued a $11.00 price target on shares of Orchid Island Capital in a report on Thursday.

The firm’s market cap is $238.52 million. The company’s 50 day moving average is $10.51 and its 200-day moving average is $10.02.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.29 EPS for the quarter. On average, analysts anticipate that Orchid Island Capital Inc. will post $0.13 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 29th. Shareholders of record on Wednesday, July 27th will be given a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a yield of 15.34%. 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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