Maxim Group Downgrades Orchid Island Capital to Hold

By Ryan Adsit

Maxim Group analyst Michael Diana downgraded Orchid Island Capital (NYSE: ORC) to Hold today. The company’s shares closed yesterday at $12.39, close to its 52-week high of $12.60.

According to, Diana is a 4-star analyst with an average return of 7.0% and a 65.4% success rate. Diana covers the Financial sector, focusing on stocks such as Wheeler Real Estate ate Investment Trust Inc, First Savings Financial Group, and ARMOUR Residential REIT Inc.

Orchid Island Capital has an analyst consensus of Hold.

Based on Orchid Island Capital’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $29.17 million and quarterly net profit of $20.53 million. In comparison, last year the company earned revenue of $18.75 million and had a net profit of $7.81 million.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ORC in relation to earlier this year.

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Orchid Island Capital, Inc. is a finance company that invests in residential mortgage-backed securities (RMBS). Its portfolio consists of agency RMBS: traditional pass-through agency RMBS and structured agency RMBS, such as collateralized mortgage obligations, interest only securities, inverse interest only securities, and principal only securities. The company was founded on August 17, 2010 and is headquartered in Vero Beach, FL.