Orchid Island Capital (ORC) : Zacks Investment Research ranks Orchid Island Capital (ORC) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 2 research analysts is 1, which indicates as a Strong Buy.
For the current week, the company shares have a recommendation consensus of Buy. Orchid Island Capital (NYSE:ORC): The stock opened at $10.89 on Thursday but the bulls could not build on the opening and the stock topped out at $10.93 for the day. The stock traded down to $10.83 during the day, due to lack of any buying support eventually closed down at $10.87 with a loss of -0.18% for the day. The stock had closed at $10.89 on the previous day. The total traded volume was 361,352 shares.
In a related news,The 0 of Orchid Island Capital, Inc., Bitting W Coleman sold 2,165 shares at $10.91 on August 1, 2016. The Insider selling transaction had a total value worth of $23,620. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Orchid Island Capital, Inc. (Orchid) is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Companys business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. The Companys portfolio consists of two categories of Agency RMBS: traditional pass-through Agency RMBS and structured Agency RMBS, such as collateralized mortgage obligations (CMOs), interest only securities (IOs), inverse interest only securities (IIOs) and principal only securities (POs), among other types of structured Agency RMBS. The Company is managed and advised by Bimini Advisors, LLC.