Group 1 - Orchid Island (ORC) has experienced a significant downtrend, with a stock decline of 24.7% over the past four weeks due to excessive selling pressure [1] - The stock is currently in oversold territory, indicated by an RSI reading of 26.89, suggesting that the heavy selling may be exhausting itself and a rebound could occur [5] - Wall Street analysts have raised earnings estimates for ORC by 11% over the last 30 days, indicating a potential for price appreciation in the near term [7] Group 2 - ORC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [8]

Group 1 - The individual investor tends toward value investing while also exploring new strategies [1] - The investor has experience teaching financial management, focusing on financial statement and project financial analysis [1] - The investor has been recognized as a contributor in various financial categories on Seeking Alpha [1] Group 2 - There is an open buy/write order to go long on ORC [3]

Core Viewpoint - Orchid Island Capital, Inc. has declared a monthly cash dividend of $0.12 per share for April 2025, to be paid on May 29, 2025, with an ex-dividend date of April 30, 2025 [1] Dividend and Distribution - The company intends to make regular monthly cash distributions to its common stockholders and must distribute at least 90% of its REIT taxable income annually to qualify as a real estate investment trust (REIT) [2] - The company has not established a minimum distribution payment level and cannot assure its ability to make future distributions [2] Share Information - As of April 9, 2025, the company had 107,673,390 shares of common stock outstanding, a slight decrease from 107,786,614 shares as of March 31, 2025 [3] Financial Metrics - The estimated book value per share as of March 31, 2025, was $7.94, with total stockholders' equity approximately $855.9 million [4] - The estimated net income per share for the quarter ended March 31, 2025, was $0.18, which includes $0.17 per share of net realized and unrealized gains on RMBS and derivative instruments [5] - The estimated total return on equity for the quarter ended March 31, 2025, was 2.6%, comprising dividends of $0.36 per share and a decrease in book value per share of $0.15 [6] RMBS Portfolio - Orchid Island Capital, Inc. invests in Agency RMBS, focusing on traditional pass-through Agency RMBS and structured Agency RMBS [7] - As of March 31, 2025, the RMBS portfolio included significant holdings in Fannie Mae (62.6%) and Freddie Mac (37.4%) [14] Borrowings - The total borrowings as of March 31, 2025, amounted to $6,418,641, with a weighted average interest rate of 4.46% [16]

Core Viewpoint - Orchid Island Capital, Inc. announced a monthly cash dividend of $0.12 per share for April 2025, to be paid on May 29, 2025, with an ex-dividend date of April 30, 2025 [1] Dividend and Distribution - The company intends to make regular monthly cash distributions to its common stockholders, adhering to the requirement of distributing at least 90% of its REIT taxable income annually to qualify as a real estate investment trust (REIT) [2] - The company has not established a minimum distribution payment level and cannot assure its ability to make future distributions [2] Share Information - As of April 9, 2025, the company had 107,673,390 shares of common stock outstanding, a slight decrease from 107,786,614 shares as of March 31, 2025 [3] Financial Metrics - The estimated book value per share as of March 31, 2025, was $7.94, calculated by dividing total stockholders' equity of approximately $855.9 million by the total number of outstanding shares [4] - The estimated net income per share for the quarter ended March 31, 2025, was $0.18, which includes an estimated $0.17 per share of net realized and unrealized gains on RMBS and derivative instruments [5] - The total return on equity for the quarter ended March 31, 2025, was estimated at 2.6%, comprising dividends per share of $0.36 and a decrease in book value per share of $0.15 [6] RMBS Portfolio - The company invests in Agency RMBS, focusing on traditional pass-through Agency RMBS and structured Agency RMBS [7] - As of March 31, 2025, the total mortgage assets amounted to $6,938,868, with Fannie Mae and Freddie Mac accounting for 62.6% and 37.4% of the portfolio, respectively [13] Borrowings - Total borrowings as of March 31, 2025, were $6,418,641, with an average interest rate of 4.46% [15]

VERO BEACH, Fla., April 08, 2025 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid" or the "Company"), a real estate investment trust ("REIT"), today announced that it will release results for the first quarter of 2025 following the close of trading on the New York Stock Exchange on Thursday, April 24, 2025. Earnings Conference Call Details An earnings conference call and live audio webcast will be hosted Friday, April 25, 2025, at 10:00 AM ET. Participants can register and receive dial-in ...

VERO BEACH, Fla., April 08, 2025 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid” or the "Company"), a real estate investment trust ("REIT"), today announced that it will release results for the first quarter of 2025 following the close of trading on the New York Stock Exchange on Thursday, April 24, 2025. Earnings Conference Call Details An earnings conference call and live audio webcast will be hosted Friday, April 25, 2025, at 10:00 AM ET. Participants can register and receive dial-in ...

Core Points - Orchid Island Capital, Inc. declared a monthly cash dividend of $0.12 per share for March 2025, payable on April 29, 2025, to shareholders of record as of March 31, 2025 [1] - The company is required to distribute at least 90% of its REIT taxable income annually to qualify as a real estate investment trust [2] - As of March 19, 2025, the company had 105,873,628 shares of common stock outstanding, an increase from 98,853,628 shares as of February 28, 2025 [3] RMBS Portfolio Characteristics - The company invests in Agency RMBS, focusing on traditional pass-through Agency RMBS and structured Agency RMBS [4] - As of February 28, 2025, the total mortgage assets amounted to $6,345,027,000, with 69.1% from Fannie Mae and 30.9% from Freddie Mac [11] - The company’s RMBS portfolio includes various fixed-rate securities with different maturities and coupon rates, with a total pass-through value of $6,329,792,000 [6][9] Borrowings and Counterparty Exposure - Total borrowings as of February 28, 2025, were $5,591,286,000, with an average interest rate of 4.45% [14] - The company has significant exposure to various counterparties, with MUFG Securities Canada, Ltd. being the largest at $337,100,000 [13][14] - The weighted average maturity of borrowings is 29 days, with the longest maturity extending to August 21, 2025 [14]

Core Points - Orchid Island Capital, Inc. declared a monthly cash dividend of $0.12 per share for March 2025, payable on April 29, 2025, to shareholders of record as of March 31, 2025 [1] - The company aims to make regular monthly cash distributions to its common stockholders, adhering to the REIT requirement of distributing at least 90% of its taxable income annually [2] - As of March 19, 2025, the company had 105,873,628 shares of common stock outstanding, an increase from 98,853,628 shares as of February 28, 2025 [3] RMBS Portfolio Characteristics - Orchid Island Capital focuses on investing in Agency RMBS, including traditional pass-through Agency RMBS and structured Agency RMBS [4] - The RMBS portfolio as of February 28, 2025, includes various fixed-rate mortgage-backed securities with a total fair value of $6,345,027,000 [11] - The portfolio is primarily composed of assets from Fannie Mae (69.1%) and Freddie Mac (30.9%) [11] RMBS Valuation Characteristics - The weighted average coupon for the total pass-through MBS portfolio is 5.26%, with a weighted average maturity of 23 months [6] - The portfolio's sensitivity to interest rate changes shows a modeled interest rate shock of -50 basis points resulting in a loss of $16,070,000 and a gain of $2,715,000 for +50 basis points [9] Borrowings and Counterparty Exposure - As of February 28, 2025, total borrowings amounted to $5,591,286,000, with an average interest rate of 4.45% [13] - Major counterparties include MUFG Securities Canada, Citigroup Global Markets, and RBC Capital Markets, with varying exposure percentages and maturity dates [13]

Financial Performance - Net income for the year ended December 31, 2024, was $37.7 million, or $0.57 per share, compared to a net loss of $39.2 million, or $0.89 per share, for 2023, and a net loss of $258.5 million, or $6.90 per share, for 2022[288]. - For the three months ended December 31, 2024, net earnings were $5,545,000, with a net loss excluding realized and unrealized gains and losses of $3,786,000, resulting in a per share loss of $0.05[295]. - The total net earnings for the year ended December 31, 2024, were $37,662,000, with a net loss of $11,448,000, translating to a per share loss of $0.18[295]. - The company reported a significant net loss of $80,132,000 for the three months ended September 30, 2023, with a per share loss of $1.68[295]. - The company reported total gains of $49,110 for the year ended December 31, 2024, a substantial improvement from $3,654 in 2023[328]. - The company declared cash dividends of $96.3 million in 2024, compared to $81.1 million in 2023, reflecting a 19% increase[450]. Interest Income and Expense - Interest income increased to $241.6 million in 2024 from $177.6 million in 2023 and $144.6 million in 2022, while interest expense rose to $236.3 million in 2024 from $201.9 million in 2023 and $61.7 million in 2022[288]. - The net interest income for 2024 was $5.3 million, a recovery from a net interest loss of $24.3 million in 2023, and a net interest income of $82.9 million in 2022[288]. - Economic interest expense for the years ended December 31, 2024, 2023, and 2022 was $119.5 million, $109.6 million, and $48.1 million, respectively[314]. - The company incurred $24.4 million of net interest expense for the year ended December 31, 2023, compared to $82.9 million of net interest income for the year ended December 31, 2022[313]. - The average cost of funds for the year ended December 31, 2024, was 5.35%, compared to 5.07% in 2023, indicating a significant increase in borrowing costs[321]. Asset Management and Portfolio - The company aims to provide attractive risk-adjusted total returns through capital appreciation and regular monthly distributions by investing in Agency RMBS[276]. - The RMBS portfolio as of December 31, 2024, consisted of $5,253.3 million of Agency RMBS at fair value, with a weighted average coupon of 4.99%[345]. - Total mortgage assets increased to $5,253.3 million as of December 31, 2024, up from $3,894.0 million as of December 31, 2023, representing a growth of approximately 35%[348]. - The company plans to continue selling existing assets to acquire new assets with potentially higher risk-adjusted returns, aligning with its asset/liability management strategy[328]. - The average yield on RMBS for the year ended December 31, 2024, was 5.25%, compared to 4.28% in 2023[335]. Shareholder Actions - The company issued a total of 24,675,497 shares under the March 2023 Equity Distribution Agreement for gross proceeds of approximately $228.8 million and net proceeds of approximately $225.0 million[280]. - The stock repurchase program has authorized the repurchase of up to 6,183,601 shares, representing approximately 18% of the then outstanding shares of common stock[284]. - From the inception of the stock repurchase program through December 31, 2024, the company repurchased a total of 5,144,602 shares at an aggregate cost of approximately $77.5 million, with a weighted average price of $15.07 per share[285]. Risk Management - The company utilizes various derivative and hedging instruments to manage interest rate risk, including Fed Funds, SOFR, and T-Note futures contracts[299]. - The company has not elected hedge accounting treatment for its derivative holdings, meaning changes in fair value are presented separately in financial statements[300]. - The company faces prepayment risk, which can lead to a faster return of principal on investments than anticipated, affecting net interest income[423]. - Liquidity risk arises from financing long-term assets with shorter-term borrowings, with potential margin calls increasing if the value of pledged assets decreases[425]. - Counterparty credit risk is present due to potential losses from counterparties failing to perform under repurchase agreements and derivative contracts[428]. Economic Environment - The 30-year fixed-rate mortgage rate as of December 31, 2024, was 6.85%, compared to 6.61% in 2023, showing an upward trend in mortgage rates[330]. - Economic activity remains resilient, with inflation above the Fed's 2% target, potentially impacting future rate decisions[394]. - The Fed lowered the Fed Funds rate by 100 basis points during the fourth quarter of 2024, with expectations for less than two additional 25 basis point reductions in the near future[392][393]. Financial Position - Total assets rose to $5.7 billion in 2024, compared to $4.3 billion in 2023, marking a 34% growth[444]. - Total liabilities increased to $5.1 billion in 2024, up from $3.8 billion in 2023, reflecting a 34% rise[444]. - Cash and cash equivalents grew to $309.3 million in 2024, up from $171.9 million in 2023, representing an 80% increase[444]. - The company had outstanding obligations under repurchase agreements of approximately $5,025.5 million with a net weighted average borrowing cost of 4.66% as of December 31, 2024[353].

Group 1 - Orchid Island Capital, Inc. declared a monthly cash dividend of $0.12 per share for February 2025, payable on March 28, 2025, to shareholders of record as of February 28, 2025 [1] - The company intends to make regular monthly cash distributions to its common stockholders, adhering to the requirement of distributing at least 90% of its REIT taxable income annually [2] - As of February 12, 2025, the company had 93,293,628 shares of common stock outstanding, an increase from 90,344,128 shares as of January 31, 2025, and 82,622,464 shares as of December 31, 2024 [3] Group 2 - The company's investment strategy focuses on Agency RMBS, including traditional pass-through Agency RMBS and structured Agency RMBS [4] - As of January 31, 2025, the total mortgage assets amounted to $5,615,131, with Fannie Mae assets representing 70.8% and Freddie Mac assets representing 29.2% of the portfolio [11] - The company has not established a minimum distribution payment level and is not assured of its ability to make future distributions [2] Group 3 - The RMBS portfolio characteristics as of January 31, 2025, include various fixed-rate RMBS with a total face value of $5,742,155 and a fair value of $5,599,708 [6] - The weighted average coupon rate for the portfolio is 5.21%, with a weighted average maturity of 331 months [6] - The company has significant borrowings, totaling $5,316,591, with an average interest rate of 4.45% [13][14]