Orchid Island Capital Announces Increase in Stock Repurchase Program Authorization and Estimated Book Value per Share
Rhea-AI Summary
Orchid Island Capital (NYSE:ORC) increased its stock repurchase authorization by 25,000,000 shares, bringing the total program to 26,612,580 shares, or about 13.3% of current common shares. The company also estimated book value per share at $7.24–$7.28 as of June 18, 2026, up roughly 2.3%–2.8% since March 31, 2026.
Positive
- Share repurchase authorization raised to 26,612,580 shares, about 13.3% of shares outstanding
- Estimated book value per share of $7.24–$7.28 as of June 18, 2026
- Estimated book value per share up about 2.3%–2.8% since March 31, 2026
- Repurchase program has no termination date, providing ongoing capital allocation flexibility
Negative
- Stock repurchase authorization does not obligate Orchid Island Capital to repurchase any shares
- Repurchase program may be suspended or discontinued at the company’s discretion without prior notice
- Book value per share figure is preliminary, unaudited, and may differ from June 30, 2026 actuals
- Company states it has no obligation to update or revise the estimated book value
News Market Reaction – ORC
In the Jun 23 session, ORC gained 2.27%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 09 | Monthly dividend update | Neutral | -1.4% | Announced June 2026 monthly dividend and updated May RMBS portfolio metrics. |
| May 13 | Monthly dividend update | Neutral | -0.6% | Declared May 2026 dividend and provided April 30 RMBS portfolio characteristics. |
| Apr 23 | Q1 2026 earnings | Negative | +3.1% | Reported Q1 2026 net loss with RMBS and derivative losses but stable liquidity. |
| Apr 15 | Dividend and prelim Q1 | Negative | -7.6% | Declared April dividend and estimated Q1 loss with book value and ROE impact. |
| Apr 07 | Earnings date notice | Neutral | -1.7% | Scheduled date and call details for upcoming Q1 2026 earnings release. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
ORC typically sees mild negative moves on routine dividend news, with larger volatility around earnings-related updates and one instance of strength despite a reported loss.
Key Terms
rule 10b5-1 regulatory
exchange act regulatory
exchange act rule 10b-18 regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Stock Repurchase Program
VERO BEACH, Fla., June 22, 2026 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced that the Board of Directors of the Company (the “Board”) approved an increase to its previously announced stock repurchase program (the “Repurchase Program”) for up to an additional 25,000,000 shares of the Company’s common stock, which results in a total authorization under the Repurchase Program for up to 26,612,580 shares, representing approximately
As part of the Repurchase Program, shares may be purchased in open market transactions, block purchases, through privately negotiated transactions, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Open market repurchases will be made in accordance with Exchange Act Rule 10b-18, which sets certain restrictions on the method, timing, price and volume of open market stock repurchases. The timing, manner, price and amount of repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The authorization does not obligate the Company to acquire any particular amount of common stock, and the Repurchase Program may be suspended or discontinued at the Company’s discretion without prior notice. The Repurchase Program has no termination date.
Book Value per Share Estimate
The Company estimated that its current book value per share is approximately
About Orchid Island Capital, Inc.
Orchid Island Capital, Inc. is a specialty finance company that invests on a leveraged basis in Agency RMBS. Our investment strategy focuses on, and our portfolio consists of, two categories of Agency RMBS: (i) traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac or Ginnie Mae, and (ii) structured Agency RMBS. The Company is managed by Bimini Advisors, LLC, a registered investment adviser with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements include, but are not limited to, statements about the Company’s Repurchase Program. These forward-looking statements are based upon the Company’s present expectations, but the Company cannot assure investors that actual results will not vary from the expectations contained in the forward-looking statements. Investors should not place undue reliance upon forward looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025. All forward-looking statements speak only as of the date on which they are made. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect the Company. Except as required by law, the Company is not obligated to, and does not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Orchid Island Capital, Inc.
Robert E. Cauley
3305 Flamingo Drive, Vero Beach, Florida 32963
Telephone: (772) 231-1400
