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Orchid Island Capital, Inc. - ORC STOCK NEWS

Welcome to our dedicated page for Orchid Island Capital news (Ticker: ORC), a resource for investors and traders seeking the latest updates and insights on Orchid Island Capital stock.

Orchid Island Capital, Inc. (symbol: ORC) is a prominent financial services company headquartered at 3305 Flamingo Dr, Vero Beach, FL, United States. Specializing in investments in residential mortgage-backed securities (RMBS), Orchid Island Capital Inc strategically positions itself within the U.S. financial market.

The company’s investment portfolio is primarily focused on two categories of Agency RMBS: traditional pass-through Agency RMBS and structured Agency RMBS. The structured Agency RMBS include a variety of securities such as collateralized mortgage obligations, interest-only securities, inverse interest-only securities, and principal-only securities. Notably, the principal and interest payments of its RMBS are guaranteed by federal entities such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or the Government National Mortgage Association (Ginnie Mae), all of which are secured by single-family residential mortgage loans.

Orchid Island Capital Inc has made significant strides in the financial sector through strategic investments and strong partnerships. The company’s diverse portfolio and meticulous approach have enabled it to achieve impressive financial stability and growth. Recent achievements include expanding their investment horizon and improving their asset management strategies to maximize returns for their investors.

The company remains committed to leveraging its expertise in RMBS to deliver consistent performance and value to its shareholders. By navigating the complexities of the mortgage-backed securities market and aligning with federal guarantees, Orchid Island Capital ensures a robust and secure investment framework.

For those seeking the latest updates and detailed information about Orchid Island Capital, Inc., StockTitan offers comprehensive insights, including recent news, financial reports, and developments that impact the company and its stock performance.

News

Orchid Island Capital Announces Fourth Quarter 2023 Results

Rhea-AI Summary
Orchid Island Capital, Inc. (ORC) announced net income of $27.1 million, or $0.52 per common share, for the fourth quarter of 2023. The company's book value per common share was $9.10 at the end of 2023, with a total return of 6.05%. Orchid maintained a strong liquidity position of $200.4 million in cash and cash equivalents and unpledged securities, and borrowing capacity in excess of $3,705.7 million. The company's net loss for the full year 2023 was $39.2 million.
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Orchid Island Capital to Announce Fourth Quarter 2023 Results

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Orchid Island Capital, Inc. (NYSE:ORC) announces the release of its fourth-quarter 2023 results and details for an earnings conference call on February 2, 2024. The company will release the financial results after the close of trading on the New York Stock Exchange on February 1, 2024. The earnings conference call and live audio webcast will be hosted on February 2, 2024, at 10:00 AM ET, with access details provided. The webcast will be available until March 1, 2024.
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Bimini Capital Management Announces Addition to Board of Directors

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Bimini Capital Management, Inc. (BMNM) has appointed G. Hunter Haas, IV, the Chief Investment Officer and Chief Financial Officer, to the Company’s board of directors at a meeting on January 11, 2024.
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Orchid Island Capital Announces Estimated Fourth Quarter 2023 Results, January 2024 Monthly Dividend and December 31, 2023 RMBS Portfolio Characteristics

Rhea-AI Summary
Orchid Island Capital, Inc. (NYSE: ORC) declared a monthly cash dividend of $0.12 per share for January 2024, with an estimated book value per share of $9.10 as of December 31, 2023. The estimated GAAP net income was $0.52 per share for the quarter ended December 31, 2023, including an estimated $0.65 per share of net realized and unrealized gains on RMBS and derivative instruments. The estimated total return on equity for the quarter was 6.1%. The company had 51,303,301 shares of common stock outstanding as of January 10, 2024.
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Orchid Island Capital Announces December 2023 Monthly Dividend and November 30, 2023 RMBS Portfolio Characteristics

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Orchid Island Capital, Inc. (NYSE: ORC) declares a monthly cash dividend of $0.12 per share for December 2023, with a payment date of January 29, 2024. The company plans to announce its next common stock dividend on January 10, 2024. As of December 12, 2023, the company had 52,332,306 shares of common stock outstanding.
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Orchid Island Capital Announces November 2023 Monthly Dividend and October 31, 2023 RMBS Portfolio Characteristics

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Orchid Island Capital, Inc. (NYSE: ORC) has declared a monthly cash dividend for November 2023 of $0.12 per share, with an ex-dividend date of November 29, 2023. The estimated book value per share as of November 14, 2023 is approximately $8.47 to $8.52, a decrease from the previous quarter. The company's RMBS portfolio characteristics as of October 31, 2023, are also detailed in the press release.
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Orchid Island Capital Provides Clarification on Dividends

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Orchid Island Capital, Inc. (NYSE: ORC) issued a clarification regarding dividends declared by the Board of Directors. The company did not declare a dividend on October 8, 2023, as some brokers inaccurately informed stockholders. Instead, a monthly cash dividend of $0.12 per share was declared for October 2023, to be paid on November 28, 2023. The next common stock dividend will be announced on November 15, 2023.
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Orchid Island Capital Announces Third Quarter 2023 Results

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Orchid Island Capital, Inc. (NYSE:ORC) announced its results for the third quarter of 2023. The company reported a net loss of $80.1 million, or $1.68 per common share. It also declared and paid dividends of $0.48 per common share. The book value per common share was $8.92 at the end of September 2023. The total return for the quarter was (15.77)%.
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Orchid Island Capital Announces Estimated Third Quarter 2023 Results, October 2023 Monthly Dividend and September 30, 2023 RMBS Portfolio Characteristics

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Orchid Island Capital, Inc. declares monthly cash dividend and provides financial updates
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Bimini Capital Management to Announce Third Quarter 2023 Results

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Bimini Capital Management will release Q3 2023 results on November 2, 2023. An earnings conference call and live audio webcast will be hosted on November 3, 2023 at 10:00 AM ET.
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FAQ

What is the current stock price of Orchid Island Capital (ORC)?

The current stock price of Orchid Island Capital (ORC) is $7.93 as of December 20, 2024.

What is the market cap of Orchid Island Capital (ORC)?

The market cap of Orchid Island Capital (ORC) is approximately 632.4M.

What is Orchid Island Capital, Inc.?

Orchid Island Capital, Inc. is a financial services company that invests primarily in residential mortgage-backed securities (RMBS).

Where is Orchid Island Capital, Inc. located?

The company is headquartered at 3305 Flamingo Dr, Vero Beach, FL, United States.

What types of securities does Orchid Island Capital invest in?

Orchid Island Capital invests in traditional pass-through Agency RMBS and structured Agency RMBS, including collateralized mortgage obligations, interest-only securities, and more.

Who guarantees the principal and interest payments of ORC's RMBS?

The principal and interest payments are guaranteed by federal entities like Fannie Mae, Freddie Mac, or Ginnie Mae.

What recent achievements has Orchid Island Capital made?

Orchid Island Capital has expanded its investment horizon, improved asset management strategies, and maintained financial stability and growth.

How does Orchid Island Capital ensure the security of its investments?

The company aligns its investments with federal guarantees and focuses on a robust portfolio of RMBS backed by single-family residential mortgage loans.

What is the significance of Agency RMBS for Orchid Island Capital?

Agency RMBS form a core part of the company’s investment strategy, offering a secure and consistent return backed by federal guarantees.

How can I stay updated with the latest news about Orchid Island Capital?

You can stay updated by following StockTitan for the latest news, financial reports, and developments related to Orchid Island Capital, Inc.

What is the stock symbol for Orchid Island Capital, Inc.?

The stock symbol for Orchid Island Capital, Inc. is ORC.

Does Orchid Island Capital have partnerships?

Yes, the company has strong partnerships within the financial sector, enhancing its investment capabilities and growth potential.

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Orchid Island Capital, Inc.

NYSE:ORC

ORC Rankings

#2902 Ranked by Market Cap
#22 Ranked by Dividends

ORC Stock Data

632.41M
79.64M
0.27%
31.87%
7.83%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
VERO BEACH