Orchid Island Capital Company Profile (NYSE:ORC)

Orchid Island Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "ORC."

Orchid Island Capital announced a monthly dividend on Thursday, July 13th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.14 per share on Thursday, August 10th. This represents a $1.68 dividend on an annualized basis and a yield of 17.23%. The ex-dividend date of this dividend is Thursday, July 27th. View Orchid Island Capital's Dividend History.

Orchid Island Capital, Inc. (NYSE:ORC) issued its earnings results on Wednesday, April, 27th. The company reported ($0.21) earnings per share for the quarter. View Orchid Island Capital's Earnings History.

2 brokerages have issued 1-year price targets for Orchid Island Capital's shares. Their predictions range from $11.00 to $11.00. On average, they anticipate Orchid Island Capital's share price to reach $11.00 in the next year. View Analyst Ratings for Orchid Island Capital.

Here are some recent quotes from research analysts about Orchid Island Capital stock:

• 1. According to Zacks Investment Research, "Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities the principal and interest payments of which are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The Company intends to qualify and will elect to be taxed as a REIT commencing with its taxable year ending December 31, 2013. Orchid Island Capital, Inc. is based in United States. " (10/12/2016)
• 2. National Securities analysts commented, "2Q16 Recap: Orchid Island Capital (ORC) reported 2Q16 core EPS of $0.32 versus our estimate of $0.49 and the consensus estimate of $0.45. Book value held up well, declining slightly to $10.86/share from $11.01 in 1Q16. Return on average invested capital (ROAIC) was positive at 3.6% overall with pass throughs returning 10.6%compared to the 12.0% loss on inverse I/Os (interest only). NIM (net interest margin) fell to 3.03% from 3.32% in 1Q16, largely as a result of lower effective yields on the portfolio as repurchase costs remained fairly stable. We expect portfolio yields to continue to decrease as pass through yields will likely decrease as the flow of funds and reach for yield buoys prices. We expect NIM to finish 2016 and 2017 at 2.62% and 2.29%, respectively, from 3.03% in 2015 as a result of anticipated lower yields. The portfolio by fair value grew 12.5% Q/Q although balance sheet leverage continued to increase with tangible common equity as a percentage of tangible assets (TCE/TA) decreasing 40 bps Q/Q to 10.5%. With 62.1% of capital allocated to pass throughs, the remaining 38% of the portfolio is comprised of more volatile structured MBS which Orchid does not leverage. We are revising our 2016 and 2017 core EPS estimates to $1.78 and $1.97, respectively, from $2.00 and $2.05, respectively. We are maintaining our NEUTRAL rating and $11 price target. Our $11 price target implies an estimated 2017 Price/Core Net Income (P/E) of 5.6x, dividend yield of 15.3%, and Price/Book Value (P/B) of 0.95x compared to the mREIT sector averages of 8.3x, 12.6%, and 0.79x, respectively. " (7/28/2016)

Orchid Island Capital saw a decline in short interest during the month of June. As of June 15th, there was short interest totalling 2,881,685 shares, a decline of 34.0% from the May 31st total of 4,363,398 shares. Based on an average daily trading volume, of 1,027,031 shares, the days-to-cover ratio is presently 2.8 days. Approximately 8.7% of the company's stock are sold short.

Some companies that are related to Orchid Island Capital include iStar Financial (STAR), American Capital Mortgage Investment Corp. (MTGE), New York Mortgage Trust (NYMT), AG Mortgage Investment Trust (MITT), Western Asset Mortgage Capital Corporation (WMC), Ares Commercial Real Estate Corporation (ACRE), Dynex Capital (DX), Great Ajax Corp. (AJX), Cherry Hill Mortgage Investment Corporation (CHMI), Ellington Residential Mortgage REIT (EARN), Five Oaks Investment Corp. (OAKS), Manhattan Bridge Capital (LOAN), Apollo Residential Mortgage (AMTG) and Hatteras Financial Corp. (HTS).

Orchid Island Capital's management team includes the folowing people:

• Robert E. Cauley CFA, Chairman of the Board, President, Chief Executive Officer
• George Hunter Haas IV, Chief Financial Officer, Chief Investment Officer, Secretary, Director
• W. Coleman Bitting, Independent Director
• Frank P. Filipps, Independent Director
• Ava L. Parker, Independent Director

Orchid Island Capital's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Fox Run Management L.L.C. (0.05%). Company insiders that own Orchid Island Capital stock include Ava L Parker, Bimini Capital Management, Inc, Frank P Filipps, G Hunter Iv Haas, John Van Heuvelen, Robert E Cauley and W Coleman Bitting. View Institutional Ownership Trends for Orchid Island Capital.

Orchid Island Capital's stock was purchased by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C.. Company insiders that have bought Orchid Island Capital stock in the last two years include Bimini Capital Management, Inc, Frank P Filipps, G Hunter Iv Haas, John Van Heuvelen, Robert E Cauley and W Coleman Bitting. View Insider Buying and Selling for Orchid Island Capital.

Shares of Orchid Island Capital can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Orchid Island Capital stock can currently be purchased for approximately $9.75.