Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities (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. Its portfolio consists of two categories of Agency RMBS: pass-through Agency RMBS and structured Agency RMBS. It invests in pass-through securities, which are securities secured by residential real property in which payments of both interest and principal on the securities are generally made monthly. The mortgage loans underlying pass-through certificates are classified into three categories, including fixed-rate mortgages, adjustable-rate mortgages (ARMs) and Hybrid ARMs. It invests in structured Agency RMBS, which include collateralized mortgage obligations, interest only securities, inverse interest only securities and principal only securities.
Industry, Sector and Symbol:
- Market Cap: $438.99 million
- Outstanding Shares: 34,877,000
- 50 Day Moving Avg: $10.00
- 200 Day Moving Avg: $10.49
- 52 Week Range: $9.23 - $12.60
Sales & Book Value:
- Trailing P/E Ratio: 29.10
- P/E Growth: 0.00
- Annual Revenue: $18.35 million
- Price / Sales: 18.53
- Book Value: $9.75 per share
- Price / Book: 1.00
- Annual Dividend: $1.68
- Dividend Yield: 17.3%
- Return on Equity: 1.53%
- Return on Assets: 0.16%
- Average Volume: 984,105 shs.
- Beta: 0.51
- Short Ratio: 2.08
Frequently Asked Questions for Orchid Island Capital (NYSE:ORC)
What is Orchid Island Capital's stock symbol?
Orchid Island Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "ORC."
How often does Orchid Island Capital pay dividends? What is the dividend yield for Orchid Island Capital?
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.
How were Orchid Island Capital's earnings last quarter?
Where is Orchid Island Capital's stock going? Where will Orchid Island Capital's stock price be in 2017?
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.
What are analysts saying about Orchid Island Capital stock?
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)
Are investors shorting Orchid Island Capital?
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.
Who are some of Orchid Island Capital's key competitors?
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).
Who are Orchid Island Capital's key executives?
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
Who owns Orchid Island Capital stock?
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.
Who bought Orchid Island Capital stock? Who is buying Orchid Island Capital stock?
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.
How do I buy Orchid Island Capital stock?
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.
What is Orchid Island Capital's stock price today?
MarketBeat Community Rating for Orchid Island Capital (NYSE ORC)MarketBeat's community ratings are surveys of what our community members think about Orchid Island Capital and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Orchid Island Capital stock can currently be purchased for approximately $9.75.
Consensus Ratings for Orchid Island Capital (NYSE:ORC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$11.00 (12.82% upside)|
Analysts' Ratings History for Orchid Island Capital (NYSE:ORC)
(Data available from 7/27/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|2/17/2017||Maxim Group||Downgrade||Buy -> Hold||N/A|
|7/28/2016||National Securities||Reiterated Rating||Neutral||$11.00||N/A|
Earnings History for Orchid Island Capital (NYSE:ORC)Earnings History by Quarter for Orchid Island Capital (NYSE ORC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
Earnings Estimates for Orchid Island Capital (NYSE:ORC)
No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for Orchid Island Capital (NYSE:ORC)
|Dividend Growth:||3.40% (3 Year Average)|
|Payout Ratio:||342.86% (Trailing 12 Months of Earnings) |
Dividend History by Quarter for Orchid Island Capital (NYSE ORC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Orchid Island Capital (NYSE:ORC)
Insider Ownership Percentage: 0.88%Insider Trades by Quarter for Orchid Island Capital (NYSE:ORC)
Institutional Ownership Percentage: 20.53%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/19/2017||W Coleman Bitting||Director||Buy||2,912||$10.10||$29,411.20|| |
|3/31/2017||Ava L Parker||Director||Sell||11,477||$9.93||$113,966.61|| |
|3/3/2017||John Van Heuvelen||Director||Buy||100,000||$9.40||$940,000.00|| |
|3/2/2017||Frank P Filipps||Director||Buy||3,000||$9.44||$28,320.00|| |
|2/27/2017||G Hunter Iv Haas||CFO||Buy||7,000||$9.69||$67,830.00|| |
|2/27/2017||Robert E Cauley||CEO||Buy||7,500||$9.66||$72,450.00|| |
|11/28/2016||W Coleman Bitting||Director||Buy||1,802||$10.80||$19,461.60|| |
|8/2/2016||W Coleman Bitting||Director||Buy||2,190||$10.92||$23,914.80|| |
|8/1/2016||W Coleman Bitting||Director||Buy||725||$10.96||$7,946.00|| |
|12/14/2015||Bimini Capital Management, Inc||Major Shareholder||Buy||29,165||$8.43||$245,860.95|| |
|8/28/2015||John Van Heuvelen||Director||Buy||19,000||$9.11||$173,090.00|| |
|8/24/2015||G Hunter Iv Haas||CFO||Buy||3,000||$8.24||$24,720.00|| |
|3/31/2015||Robert E Cauley||CEO||Buy||3,000||$13.24||$39,720.00|| |
|12/23/2014||Frank P Filipps||Director||Buy||5,000||$13.08||$65,400.00|| |
|1/17/2014||G Hunter Iv Haas||CFO||Buy||5,000||$12.50||$62,500.00|| |
|1/17/2014||John Van Heuvelen||Director||Buy||8,000||$12.50||$100,000.00|| |
|9/13/2013||G Hunter Iv Haas||CFO||Buy||2,000||$10.91||$21,820.00|| |
|9/13/2013||John Van Heuvelen||Director||Buy||7,998||$10.95||$87,578.10|| |
|8/20/2013||Robert E Cauley||CEO||Buy||3,000||$11.03||$33,090.00|| |
|5/21/2013||G Hunter Iv Haas||CFO||Buy||3,000||$13.47||$40,410.00|| |
|2/14/2013||John Van Heuvelen||Director||Buy||6,666||$15.00||$99,990.00|| |
Headline Trends for Orchid Island Capital (NYSE:ORC)
Latest Headlines for Orchid Island Capital (NYSE:ORC)
|ETFs with exposure to Orchid Island Capital, Inc. : July 24, 2017|
finance.yahoo.com - July 24 at 7:34 PM
|REML With A 20.8% Dividend Yield Is Still Attractive - Seeking Alpha|
seekingalpha.com - July 22 at 7:19 AM
|Orchid Island Capital to Announce Second Quarter 2017 Results - GlobeNewswire (press release)|
globenewswire.com - July 19 at 1:04 AM
|Orchid Island Capital to Announce Second Quarter 2017 Results|
finance.yahoo.com - July 19 at 1:04 AM
|ETFs with exposure to Orchid Island Capital, Inc. : July 14, 2017|
finance.yahoo.com - July 15 at 7:11 AM
|Orchid Island Capital, Inc. breached its 50 day moving average in a Bullish Manner : ORC-US : July 13, 2017|
finance.yahoo.com - July 14 at 7:11 AM
|Orchid Island Capital, Inc. (NYSE:ORC) Declares $0.14 Monthly Dividend|
www.americanbankingnews.com - July 13 at 4:15 PM
|Orchid Island Capital Announces July 2017 Monthly Dividend and June 30, 2017 RMBS Portfolio Characteristics - GlobeNewswire (press release)|
globenewswire.com - July 13 at 7:43 AM
|Reviewing American Capital Mortgage Investment Corp. (MTGE) and Orchid Island Capital (NYSE:ORC)|
www.americanbankingnews.com - July 6 at 8:26 AM
|Short Interest in Orchid Island Capital, Inc. (NYSE:ORC) Drops By 34.0%|
www.americanbankingnews.com - July 4 at 7:04 AM
|With A 22.1% Dividend Yield, REML Is The Highest Of The ETNs, But New Risks Are Present|
seekingalpha.com - June 28 at 7:54 PM
|Orchid Island Capital, Inc. (ORC) Ex-Dividend Date Scheduled for June 28, 2017 - Nasdaq|
www.nasdaq.com - June 28 at 12:11 AM
|REIT Stocks on Investors' Radar -- New Residential Investment, Orchid Island Capital, UDR Inc., and New York ... - PR Newswire (press release)|
www.prnewswire.com - June 22 at 6:58 AM
|Insider Buying: Orchid Island Capital, Inc. (ORC) Director Acquires 2,912 Shares of Stock|
www.americanbankingnews.com - June 20 at 7:50 PM
|ETFs with exposure to Orchid Island Capital, Inc. : June 15, 2017|
finance.yahoo.com - June 16 at 8:36 AM
|Orchid Island Capital, Inc. Plans Monthly Dividend of $0.14 (ORC)|
www.americanbankingnews.com - June 14 at 6:44 PM
|Orchid Island Capital Announces June 2017 Monthly Dividend and May 31, 2017 RMBS Portfolio Characteristics - GlobeNewswire (press release)|
globenewswire.com - June 13 at 7:11 PM
|Orchid Island Capital Announces June 2017 Monthly Dividend and May 31, 2017 RMBS Portfolio Characteristics|
finance.yahoo.com - June 13 at 7:11 PM
|Orco Property Group : Q1 2017 Financial Results|
finance.yahoo.com - May 31 at 7:24 PM
|Orco Property Group : Financial Calendar 2017|
finance.yahoo.com - May 31 at 12:42 PM
|Orchid Island Capital, Inc. : ORC-US: Dividend Analysis : May 31st, 2017 (record date) : By the numbers : May 29, 2017|
finance.yahoo.com - May 29 at 3:43 PM
|Orchid Island Capital, Inc. (ORC) Ex-Dividend Date Scheduled for May 26, 2017 - Nasdaq|
www.nasdaq.com - May 26 at 5:36 AM
|Orchid Island Capital Mourns the Passing of Director John Van Heuvelen - GlobeNewswire (press release)|
globenewswire.com - May 24 at 7:17 PM
|Orco Property Group : Annual General Meeting of Shareholders Held on 24 May 2017|
finance.yahoo.com - May 24 at 7:17 PM
|Orchid Island Capital Mourns the Passing of Director John Van Heuvelen|
finance.yahoo.com - May 24 at 7:17 PM
|Orchid Island Capital, Inc. breached its 50 day moving average in a Bullish Manner : ORC-US : May 24, 2017|
finance.yahoo.com - May 24 at 10:15 AM
|REML With 21.6% Dividend Yield Is Attractive For Certain Investors|
seekingalpha.com - May 19 at 11:51 AM
|Orchid Island Capital Inc (ORC) to Issue $0.14 Monthly Dividend|
www.americanbankingnews.com - May 11 at 7:16 PM
|Orchid Island Capital Announces May 2017 Monthly Dividend and April 30, 2017 RMBS Portfolio Characteristics|
finance.yahoo.com - May 10 at 7:16 PM
|Bimini Capital Management Announces First Quarter 2017 Results|
globenewswire.com - May 8 at 6:29 PM
|Orchid Island Capital's Dividend Projection For May-July 2017|
seekingalpha.com - May 4 at 8:00 AM
|Orchid Island Capital (ORC) Receiving Somewhat Favorable Press Coverage, Study Finds|
www.americanbankingnews.com - May 3 at 1:05 AM
|Orchid Island Capital (ORC) Earns Media Impact Score of 0.15|
www.americanbankingnews.com - April 29 at 11:08 PM
|BRIEF-Orchid Island Capital files for mixed shelf offering of up to $500 mln - Reuters|
www.reuters.com - April 29 at 7:29 PM
|Edited Transcript of ORC earnings conference call or presentation 28-Apr-17 2:00pm GMT|
finance.yahoo.com - April 29 at 7:29 PM
|BRIEF-Orchid Island Capital files for mixed shelf offering of up to $500 mln|
www.reuters.com - April 28 at 8:08 PM
|BUZZ-U.S. STOCKS ON THE MOVE-Alphabet, Amazon.com, Intel, FuelCell - Nasdaq|
www.nasdaq.com - April 28 at 8:36 AM
|Orchid Island Capital Announces First Quarter 2017 Results - GlobeNewswire (press release)|
globenewswire.com - April 28 at 8:36 AM
|Orchid Island Capital, Inc. (ORC) Ex-Dividend Date Scheduled for April 26, 2017 - Nasdaq|
www.nasdaq.com - April 28 at 12:32 AM
|Orchid Island posts 1Q profit|
marketbeat.com - April 27 at 7:45 PM
|BRIEF-Orchid Island Capital reports Q1 earnings per share $0.07|
www.reuters.com - April 27 at 7:32 PM
|Orchid Island Capital Announces First Quarter 2017 Results|
finance.yahoo.com - April 27 at 7:32 PM
|Orchid Island Capital (ORC) Receiving Somewhat Positive Press Coverage, AlphaOne Reports|
www.americanbankingnews.com - April 26 at 7:52 PM
|Orchid Island Capital, Inc. : ORC-US: Dividend Analysis : April 28th, 2017 (record date) : By the numbers : April 26, 2017|
finance.yahoo.com - April 26 at 6:12 PM
|Orco Property Group : Convening Notice of the Company's AGM|
finance.yahoo.com - April 21 at 6:55 PM
|Orchid Island Capital to Announce First Quarter 2017 Results - Nasdaq|
www.nasdaq.com - April 20 at 8:11 AM
|Orchid Island Capital to Announce First Quarter 2017 Results|
finance.yahoo.com - April 19 at 7:03 PM
|Orchid Island Capital (ORC) Receives Daily Media Sentiment Score of 0.10|
www.americanbankingnews.com - April 18 at 7:59 PM
|Orchid Island Capital (ORC) Given Daily News Sentiment Rating of 0.03|
www.americanbankingnews.com - April 14 at 6:51 PM
|Orchid Island Capital, Inc. breached its 50 day moving average in a Bullish Manner : ORC-US : April 14, 2017|
finance.yahoo.com - April 14 at 6:43 PM
Orchid Island Capital (ORC) Chart for Thursday, July, 27, 2017