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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.

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Orchid Island Capital (NYSE: ORC) has announced its estimated results for Q2 2024, a monthly dividend for July 2024, and the characteristics of its RMBS portfolio as of June 30, 2024.

The company declared a monthly dividend of $0.12 per share, payable on August 29, 2024, to shareholders on record as of July 31, 2024. The estimated book value per share was $8.58 as of June 30, 2024, with a total stockholders' equity of approximately $555.9 million and 64,824,374 shares outstanding.

ORC reported an estimated GAAP net loss of $0.09 per share for Q2 2024, including $0.1 million in net realized and unrealized gains on RMBS and derivative instruments. The estimated total return on equity for the quarter was (2.0)%, reflecting dividends per share of $0.36 and a book value decrease of $0.54 per share.

The company will announce its next dividend on August 14, 2024. As a REIT, ORC must distribute 90% of its taxable income annually to maintain its status. These figures are preliminary and subject to change upon review by the company's independent auditors.

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Bimini Capital Management (OTCQB:BMNM) has announced that it will disclose its second quarter 2024 financial results on Thursday, August 1, 2024, after market close.

Following this, an earnings conference call and live audio webcast will be held on Friday, August 2, 2024, at 10:00 AM ET.

Participants can join the conference call by dialing toll-free at (888) 330-2214, while the live audio webcast will be accessible via the investor relations section of Bimini's website.

An audio archive of the webcast will remain available for 30 days post the call.

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Orchid Island Capital (NYSE: ORC), a real estate investment trust (REIT), announced it will release its Q2 2024 financial results post-market close on July 25, 2024.

An earnings conference call will be held the next day, July 26, 2024, at 10:00 AM ET. Participants can join the call by dialing (800) 715-9871 with the conference ID 8307491.

A live audio webcast will be accessible via Orchid's investor relations website, with an audio archive available for 30 days post-call.

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Orchid Island Capital (NYSE: ORC) has announced a $0.12 per share monthly dividend for June 2024, payable on July 30, 2024, to stockholders of record as of June 28, 2024. The next dividend announcement is expected on July 10, 2024. To maintain its REIT status, the company must distribute at least 90% of its taxable income annually.

As of June 11, 2024, Orchid Island had 62.8 million shares outstanding, up from 62.3 million on May 31, 2024, and 52.8 million on March 31, 2024. The company entered into an Equity Distribution Agreement with JP Morgan, Citizens JMP Securities, and JonesTrading Institutional Services, allowing it to sell up to $250 million in shares.

Orchid Island prefers 'at the market' offerings for raising equity. The RMBS (Residential Mortgage-Backed Securities) portfolio details, as of May 31, 2024, were also shared, but they are preliminary and subject to change.

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Orchid Island Capital, Inc. (NYSE: ORC) announced the May 2024 monthly dividend of $0.12 per share of common stock, to be paid on June 27, 2024. The company plans to announce the next dividend on June 11, 2024. As of April 30, 2024, the company had 54,389,261 shares of common stock outstanding.

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Orchid Island Capital, Inc. (NYSE:ORC) announces first quarter 2024 results with a net income of $19.8 million, or $0.38 per common share. The company maintained a strong liquidity position of $215.7 million and discussed the economic and interest rate cycle in the management commentary.
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Orchid Island Capital, Inc. (NYSE: ORC) declared a monthly cash dividend of $0.12 per share for April 2024, with an estimated book value per share of $9.12 as of March 31, 2024. The estimated GAAP net income was $0.38 per share for the quarter ended March 31, 2024, including $0.50 per share of net realized and unrealized gains on RMBS and derivative instruments. The Company had 52,973,989 shares of common stock outstanding as of April 10, 2024. RMBS portfolio characteristics and estimated total return on equity for the quarter were also highlighted.
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Bimini Capital Management, Inc. (BMNM) to release first-quarter 2024 results on May 2, 2024, followed by an earnings conference call on May 3, 2024, at 10:00 AM ET. Investors can access the call via dial-in or live webcast.
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Orchid Island Capital, Inc. (NYSE:ORC) announces the release of first-quarter 2024 results and details of the earnings conference call. The call will be held on April 26, 2024, at 10:00 AM ET, accessible via phone or webcast.
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Orchid Island Capital, Inc. (ORC) declares a monthly dividend of $0.12 per share for March 2024, with plans for regular distributions. The company's REIT status requires significant dividend payouts. RMBS portfolio details are also provided, showcasing asset valuation and risk measures.
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FAQ

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.

Orchid Island Capital, Inc.

NYSE:ORC

ORC Rankings

ORC Stock Data

545.29M
62.82M
0.37%
29.86%
5.06%
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