Orchid Island Capital Inc (NYSE: ORC) is 5.58% higher on its value in year-to-date trading and has touched a low of $5.90 and a high of $11.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ORC stock was last observed hovering at around $8.77 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $8.90, the stock is 3.75% and 5.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.27 million and changing 1.48% at the moment leaves the stock 1.77% off its SMA200. ORC registered -11.71% loss for a year compared to 6-month loss of -5.42%.
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The stock witnessed a 7.23% gain in the last 1 month and extending the period to 3 months gives it a 7.62%, and is 0.79% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.57% over the week and 2.03% over the month.
Fwd P/E is 23.12. Profit margin for the company is -25.32%. Distance from 52-week low is 50.85% and -21.02% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.35%).
Orchid Island Capital Inc quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $-1.94M over the same period.The EPS is expected to grow by 61.28% this year, but quarterly earnings will post -83.10% year-over-year. Quarterly sales are estimated to shrink -113.00% in year-over-year returns.
131 institutions hold shares in Orchid Island Capital Inc (ORC), with institutional investors hold 34.62% of the company’s shares. The shares outstanding are 51.64M, and float is at 51.13M with Short Float at 8.56%. Institutions hold 34.49% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 3.42 million shares valued at $35.4 million. The investor’s holdings represent 7.79% of the ORC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 2.07 million shares valued at $21.4 million to account for 4.71% of the shares outstanding. The other top investors are Invesco Ltd. which holds 1.55 million shares representing 3.54% and valued at over $16.07 million, while Geode Capital Management, LLC holds 1.75% of the shares totaling 0.77 million with a market value of $7.96 million.
Orchid Island Capital Inc (ORC) Insider Activity
The most recent transaction is an insider purchase by Haas G Hunter IV, the company’s Chief Financial Officer. SEC filings show that Haas G Hunter IV bought 2,194 shares of the company’s common stock on Dec 20 ’23 at a price of $8.61 per share for a total of $18879.0. Following the purchase, the insider now owns 52450.0 shares.
Orchid Island Capital Inc disclosed in a document filed with the SEC on Dec 20 ’23 that Haas G Hunter IV (Chief Financial Officer) sold a total of 2,194 shares of the company’s common stock. The trade occurred on Dec 20 ’23 and was made at $8.60 per share for $18878.0. Following the transaction, the insider now directly holds 50256.0 shares of the ORC stock.
Still, SEC filings show that on Oct 13 ’23, Cauley Robert E (Chief Executive Officer) acquired 15,000 shares at an average price of $7.40 for $0.11 million. The insider now directly holds 112,309 shares of Orchid Island Capital Inc (ORC).
