Orchid Island Capital Inc (NYSE: ORC) is -7.35% lower on its value in year-to-date trading and has touched a low of $5.90 and a high of $9.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ORC stock was last observed hovering at around $7.91 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $7.81, the stock is -1.23% and -3.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.49 million and changing -1.26% at the moment leaves the stock -6.58% off its SMA200. ORC registered 27.41% gain for a year compared to 6-month loss of -7.46%. The firm has a 50-day simple moving average (SMA 50) of $8.0938 and a 200-day simple moving average (SMA200) of $8.35975.
The stock witnessed a -5.33% gain in the last 1 month and extending the period to 3 months gives it a -4.64%, and is -2.25% down 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 1.94% over the week and 1.75% over the month.
Current P/E ratio is 7.41 and Fwd P/E is 53.25. Profit margin for the company is 30.07%. Distance from 52-week low is 32.37% and -13.99% from its 52-week high. The company has generated returns on investments over the last 12 months (9.03%).
The EPS is expected to grow by 83.59% this year.
Orchid Island Capital Inc (ORC) Top Institutional Holders
150.0 institutions hold shares in Orchid Island Capital Inc (ORC), with institutional investors hold 25.41% of the company’s shares. The shares outstanding are 71.34M, and float is at 71.13M with Short Float at 6.99%. Institutions hold 25.34% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.43 million shares valued at $45.3 million. The investor’s holdings represent 9.4032% of the ORC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.96 million shares valued at $24.64 million to account for 5.1157 of the shares outstanding. The other top investors are TWO SIGMA INVESTMENTS, LP which holds 1.12 million shares representing 1.943% and valued at over $9.36 million, while TWO SIGMA ADVISERS, LP holds 1.8489 of the shares totaling 1.07 million with a market value of $8.91 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.
