LADENBURG THALM/SH SH Lowers Orchid Island Capital (NYSE:ORC) to Impartial – MarketBeat

August 18, 2022 By admin

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Orchid Island Capital (NYSE:ORCGet Ranking) was downgraded by equities researchers at LADENBURG THALM/SH SH to a “impartial” score in a report launched on Monday, Inventory Goal Advisor stories.

Orchid Island Capital Inventory Efficiency

ORC traded down $0.02 throughout buying and selling on Monday, reaching $3.26. 1,868,023 shares of the corporate’s inventory had been exchanged, in comparison with its common quantity of three,547,340. The corporate’s fifty day transferring common worth is $2.99 and its 200-day transferring common worth is $3.17. Orchid Island Capital has a fifty-two week low of $2.44 and a fifty-two week excessive of $5.17. The agency has a market capitalization of $574.58 million, a PE ratio of -2.61 and a beta of 1.31.

Hedge Funds Weigh In On Orchid Island Capital

Quite a lot of hedge funds and different institutional buyers have lately made modifications to their positions in ORC. Aaron Wealth Advisors LLC purchased a brand new stake in Orchid Island Capital within the 1st quarter valued at $2,110,000. Point72 Hong Kong Ltd purchased a brand new stake in Orchid Island Capital within the 4th quarter valued at $38,000. ARGI Funding Providers LLC purchased a brand new stake in Orchid Island Capital within the 1st quarter valued at $34,000. Avidian Wealth Options LLC purchased a brand new stake in Orchid Island Capital within the 1st quarter valued at $38,000. Lastly, Atria Wealth Options Inc. purchased a brand new stake in Orchid Island Capital within the 1st quarter valued at $38,000. 21.81% of the inventory is owned by institutional buyers.

About Orchid Island Capital

(Get Ranking)
Orchid Island Capital, Inc, a specialty finance firm, invests in residential mortgage-backed securities (RMBS) in the US. The corporate's RMBS is backed by single-family residential mortgage loans, referred as Company RMBS. Its portfolio consists of conventional pass-through Company RMBS, akin to mortgage cross by certificates and collateralized mortgage obligations; and structured Company RMBS comprising curiosity solely securities, inverse curiosity solely securities, and principal solely securities.

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