Orchid Is Cap Inc Stock Price, News & Analysis

Orchid Island Capital (NYSE:ORC) reported a net income of $34.9 million ($0.95 per share) for Q4 2022, recovering from a net loss of $44.6 million in Q4 2021. Total expenses were $5.9 million. The company declared dividends of $0.48 per share for Q4, with a full-year dividend of $2.475 per share. Orchid's book value increased to $11.93 per share. The total return for Q4 was 8.67%, driven by a $0.51 increase in book value. However, for the full year, Orchid reported a net loss of $258.5 million. The portfolio's Agency RMBS decreased to $3.5 billion from $6.5 billion in 2021. Liquidity remained strong at $233 million, representing 53% of stockholder's equity.

Orchid Island Capital (NYSE: ORC) has announced a $0.16 monthly cash dividend for February 2023, payable on March 29, 2023. Shareholders on record as of February 28, 2023 will receive this dividend, with an ex-dividend date of February 27, 2023. The company aims to maintain regular monthly cash distributions to comply with REIT regulations, which require at least 90% of taxable income to be distributed. As of mid-February 2023, Orchid Island Capital had approximately 39 million shares outstanding, up from 36.76 million at the end of December 2022. The next dividend announcement is expected on March 9, 2023.

Bimini Capital Management (BMNM) is set to release its fourth quarter 2022 financial results after market close on March 9, 2023. An earnings conference call will follow on March 10, 2023, at 10:00 AM ET, accessible via a live audio webcast on the company's investor relations site.

Bimini primarily invests in residential mortgage-related securities from Fannie Mae, Freddie Mac, and Ginnie Mae. Its subsidiary, Bimini Advisors, serves as the external manager for Orchid Island Capital (NYSE: ORC), earning management fees and overseeing day-to-day operations.

Orchid Island Capital, Inc. (NYSE:ORC), a real estate investment trust, is set to release its fourth quarter 2022 results after the market closes on February 23, 2023. An accompanying earnings conference call will take place on February 24, 2023, at 10:00 AM ET, accessible by dialing (888) 510-2356 with conference ID 8493186. Additionally, a live audio webcast will be available on the Company's investor relations website, with an audio archive accessible until March 26, 2023.

Orchid specializes in leveraged investments in Agency RMBS, focusing on traditional and structured Agency RMBS.

Orchid Island Capital declared a monthly dividend of $0.16 per share for January 2023, payable on February 24, 2023. The estimated book value per share as of December 31, 2022 was $11.93, with a preliminary estimated net income of $0.94 per share including $1.04 from net gains on RMBS. The estimated total return on equity for the quarter was 8.7%. The company is required to distribute at least 90% of its REIT taxable income to maintain tax status, though it has not established a minimum distribution payment level.

Orchid Island Capital, Inc. (NYSE: ORC) has declared a monthly cash dividend of $0.16 per share, to be paid on January 27, 2023. The record date is December 30, 2022, with an ex-dividend date of December 29, 2022. The Company estimates its book value per share to be between $11.95 and $12.05 as of December 9, 2022, showing a significant increase from $11.42 at September 30, 2022.

Future announcements regarding dividends are expected on January 11, 2023.

Orchid Island Capital (NYSE: ORC) has declared a monthly cash dividend of $0.16 per share for November 2022, payable on December 28, 2022. The record date is November 30, 2022, with an ex-dividend date of November 29, 2022. The Company aims to make regular monthly distributions to its common stockholders. To qualify as a real estate investment trust (REIT), it must distribute at least 90% of its taxable income annually. However, there is no assurance of future distributions.

Orchid Island Capital (NYSE:ORC) reported a net loss of $84.5 million, or $2.40 per share, for Q3 2022, compared to a net income of $26.0 million in Q3 2021. Key metrics include a total interest income of $14.2 million and a book value per share of $11.42. The dividend declared was $0.545 per share. The company's liquidity position stands at $219.6 million, representing 54% of stockholder's equity. Despite market volatility, Orchid has repurchased 1.8 million shares since June 2022, indicating a strategic move to enhance shareholder value.

Bimini Capital Management, Inc. (OTCQB:BMNM) announced its third-quarter 2022 earnings results, scheduled for release post-market on November 10, 2022. An earnings conference call will follow on November 14, 2022, at 10:00 AM ET. Investors can access the call via a link provided, with a live audio webcast available on the company's investor relations website. Bimini, an asset manager, primarily invests in residential mortgage-related securities and manages Orchid Island Capital, Inc. (NYSE:ORC) through its subsidiary, Bimini Advisors.