Welcome to our dedicated page for Orchid Is Cap news (Ticker: ORC), a resource for investors and traders seeking the latest updates and insights on Orchid Is Cap stock.
Orchid Island Capital Inc (ORC) specializes in agency residential mortgage-backed securities (RMBS), leveraging government-guaranteed investments to balance risk and return. This page serves as the definitive source for all official company announcements and market-relevant developments.
Access real-time updates on ORC's strategic initiatives, portfolio adjustments, and financial performance. Investors will find critical information spanning quarterly earnings reports, capital allocation decisions, and risk management practices, alongside analysis of broader RMBS market trends impacting the company.
Our curated news collection includes:
- Earnings releases and dividend announcements
- Strategic acquisitions and portfolio rebalancing
- Updates on hedging strategies and interest rate exposure
- Regulatory developments affecting agency RMBS markets
Bookmark this page for streamlined access to ORC's evolving financial narrative. Regular updates ensure stakeholders remain informed about the company's position within the specialty finance sector.
Bimini Capital Management will release its first quarter 2023 results on May 11, 2023, after trading closes. An earnings conference call is scheduled for May 12, 2023, at 10:00 AM ET. This call will be accessible via a live audio webcast on their investor relations page. Bimini specializes in investing in residential mortgage-related securities and manages Orchid Island Capital as an external manager, generating revenue through management fees. The company operates from Vero Beach, Florida.
Orchid Island Capital, Inc. (NYSE: ORC) has declared an April 2023 monthly dividend of $0.16 per share, payable on May 26, 2023, to stockholders on record as of April 28, 2023. The estimated book value per share as of March 31, 2023, is reported at $11.56, with a net income per share of $0.10 for the same quarter. The company also noted an estimated total return on equity of 0.9% for the quarter, which includes $0.33 in realized and unrealized gains on RMBS and derivatives. These estimates are preliminary and subject to review by independent auditors. However, total dividends declared during the quarter of $0.48 per share exceed the net income, indicating a reliance on gains for dividend payments.
Orchid Island Capital, a real estate investment trust (REIT), will release its Q1 2023 earnings results on April 27, 2023, post-market. An earnings conference call is scheduled for April 28, 2023, at 10:00 AM ET, accessible via phone at (888) 510-2356, with conference ID 8493186. The call will also be available through a live audio webcast on the company's investor relations page. An audio archive will be provided until May 26, 2023.
Orchid Island Capital specializes in investing in Agency RMBS on a leveraged basis, focusing on traditional pass-through certificates and structured RMBS. The company is managed by Bimini Advisors, LLC.
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