Orchid Island Capital Inc. (NYSE:ORC) 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 equities research analysts recently weighed in on the company. National Securities lowered Orchid Island Capital from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a report on Tuesday, May 17th. Zacks Investment Research downgraded Orchid Island Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. Finally, TheStreet upgraded Orchid Island Capital from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th.

The stock has a market cap of $238.31 million and a P/E ratio of 871.67. The firm’s 50-day moving average price is $10.81 and its 200 day moving average price is $10.32.

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

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 29th will be paid a $0.14 dividend. This represents a $1.68 annualized dividend and a dividend yield of 16.06%. The ex-dividend date of this dividend 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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