Orchid Island Capital Inc. (NYSE:ORC) shares saw unusually-high trading volume on Monday . Approximately 368,831 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 373,046 shares.The stock last traded at $10.89 and had previously closed at $10.80.

ORC has been the subject of several recent research reports. Zacks Investment Research cut Orchid Island Capital from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. TheStreet raised Orchid Island Capital from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Finally, National Securities cut Orchid Island Capital from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a report on Tuesday, May 17th.

The firm has a 50-day moving average of $10.76 and a 200 day moving average of $10.27. The firm has a market capitalization of $248.33 million and a P/E ratio of 908.33.

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

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 29th will be issued a $0.14 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 15.41%. The ex-dividend date is Thursday, August 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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