News
ORC
8.62
+2.74%
0.23
Orchid Island Capital Inc reports results for the quarter ended in March - Earnings Summary
Orchid Island Capital Inc reported a quarterly adjusted loss of 12 cents per share for the quarter ended in March. Revenue fell 40.8% to $-2.49 million from the same quarter last year. The company reported quarterly income of $19.78 million.
Reuters · 17h ago
Orchid Island Capital: Decent Results But Long-Term Issues Remain
Seeking Alpha · 18h ago
Orchid Island Cap Q1 2024 Adj EPS $(0.12) Misses $(0.09) Estimate, Sales $(2.490M) Beat $(3.227M) Estimate
Orchid Island Cap reports quarterly losses of $0.12 per share. The company reported quarterly sales of $2.490 million. Sales beat the analyst consensus estimate by 22.84%. The company missed the analyst estimate by 33.33% in the same period last year.
Benzinga · 20h ago
Orchid Island Capital GAAP EPS of $0.38
Orchid Island Capital, Inc. Reports Q1 GAAP EPS of $0.38. Book value per common share of $9.12 at March 31, 2024. Total return of 4.18% comprised of dividend and increase in book value of common share.
Seeking Alpha · 21h ago
BRIEF-Orchid Island Capital Q1 EPS USD 0.38
Reuters · 21h ago
ORCHID ISLAND CAPITAL ANNOUNCES FIRST QUARTER 2024 RESULTS
Reuters · 21h ago
*Orchid Island Capital 1Q EPS 38c >ORC
Dow Jones · 21h ago
Press Release: Orchid Island Capital Announces -5-
Cause actual performance or results to differ from those expressed in such forward-looking statements. Orchid Island Capital, Inc. Assumes no obligation to update such statements. The following is a summarized presentation of the unaudited balance sheets as of March 31, 2024, and December 31, 2023.
Dow Jones · 21h ago
Press Release: Orchid Island Capital Announces -4-
There were outstanding repurchase agreement balances of PT RMBS as of March 31, 2024. The combined portfolio generated a return on invested capital of approximately 6.1% for the first quarter of 2024. The company has not considered these balances to be allocated to the structured securities strategy. The company plans to use the proceeds from the sale to pay down debt.
Dow Jones · 21h ago
Press Release: Orchid Island Capital Announces -3-
The following table presents information related to our interest rate swaption positions as of March 31, 2024. The table summarizes our contracts to sell TBA securities. The company's interest rate swap positions are based on the S&P 500 index and the SOFR 10-year swap rate.
Dow Jones · 21h ago
*Orchid Island Capital 1Q Net $19.8M >ORC
Dow Jones · 21h ago
Press Release: Orchid Island Capital Announces -2-
As of March 31, 2024, the Company had outstanding repurchase obligations of approximately $3,711.5 million. The Company's liquidity was approximately $215.7 million. An interest rate increase of 1.0% would cause a 4.400% decrease in the value of the Company's RMBS portfolio.
Dow Jones · 21h ago
Press Release: Orchid Island Capital Announces First Quarter 2024 Results
Orchid Island Capital, Inc. Announces first quarter results of operations for the three month period ended March 31, 2024. The real estate investment trust posted a total return of 4.18% in the first quarter of 2024. Orchid will hold a conference call on April 26, 2024 to discuss the results.
Dow Jones · 21h ago
Orchid Island: Q1 Earnings Snapshot
Orchid Island Capital Inc. Reported earnings of $19.8 million in its first quarter. The company said it had net income of 38 cents. The Florida-based company says it lost 12 cents per share in the quarter. Orchid Island capital reports earnings of  $19.7 million.
Barchart · 1d ago
Orchid Island Capital Q1 2024 Earnings Preview
Seeking Alpha · 1d ago
Orchid Island Capital Inc <ORC.N> expected to post a loss of 9 cents a share - Earnings Preview
Orchid Island Capital Inc expected to post a loss of 9 cents a share. The company is expected to report a 23.3% decrease in quarterly revenue to $-3.227 million from $4.2 million a year ago.
Reuters · 2d ago
Weekly Report: what happened at ORC last week (0415-0419)?
Weekly Report · 4d ago
JMP Securities Reiterates Market Perform on Orchid Island Cap
Benzinga · 04/19 15:59
JMP Securities Reiterates Market Perform on Orchid Island Cap
Benzinga · 04/18 15:27
Weekly Report: what happened at ORC last week (0408-0412)?
Weekly Report · 04/15 09:18
More
Webull provides a variety of real-time ORC stock news. You can receive the latest news about Orchid Is Cap Inc through multiple platforms. This information may help you make smarter investment decisions.
About ORC
Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities RMBS. The Company's investment portfolio consists of two categories of Agency RMBS: traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations (CMOs) issued by the government-sponsored enterprise (GSEs), and structured Agency RMBS, such as interest only securities (IOs), inverse interest only securities and principal only securities (POs), among other types of structured Agency RMBS. The Company's business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. The Company intends to achieve this objective by investing in and strategically allocating capital between pass-through Agency RMBS and structured Agency RMBS. The Company is externally managed by Bimini Advisors, LLC.