Orchid Island Capital (NYSE:ORC) Receiving Positive Media Coverage, Study Shows

Media headlines about Orchid Island Capital (NYSE:ORC) have been trending positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Orchid Island Capital earned a news sentiment score of 0.33 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 57 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the company’s share price in the near term.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

Shares of Orchid Island Capital (NYSE ORC) opened at 10.02 on Tuesday. The stock has a 50 day moving average of $10.16 and a 200 day moving average of $10.61. Orchid Island Capital has a 52 week low of $9.23 and a 52 week high of $12.60. The firm has a market cap of $349.47 million, a P/E ratio of 29.91 and a beta of 0.51.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 10th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 16.77%. Orchid Island Capital’s dividend payout ratio (DPR) is 342.86%.

TRADEMARK VIOLATION WARNING: “Orchid Island Capital (NYSE:ORC) Receiving Positive Media Coverage, Study Shows” was reported by Stock Observer and is owned by of Stock Observer. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.thestockobserver.com/2017/07/18/orchid-island-capital-orc-receiving-positive-media-coverage-study-shows-updated-updated.html.

In other Orchid Island Capital news, Director W Coleman Bitting bought 2,912 shares of the business’s stock in a transaction on Monday, June 19th. The shares were acquired at an average cost of $10.10 per share, for a total transaction of $29,411.20. Following the purchase, the director now owns 18,650 shares in the company, valued at approximately $188,365. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

About Orchid Island Capital

Orchid Island Capital, Inc is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s 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.

Insider Buying and Selling by Quarter for Orchid Island Capital (NYSE:ORC)

Receive News & Ratings for Orchid Island Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orchid Island Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply