Orchid Island Capital, Inc. operates as a specialty finance company, investing in residential mortgage-backed securities (RMBS). Its portfolio consists of traditional pass-through Agency RMBS and structured Agency RMBS. The traditional pass-through Agency RMBS include mortgage pass through certificates and collateralized mortgage obligations. The structured Agency RMBS consist of interest only, inverse interest only, and principal only securities.
The company was founded on August 17, 2010 and is headquartered in Vero Beach, FL. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
Orchid Island Capital’s stock reverse split on Wednesday, August 31st 2022. The 1-5 reverse split was announced on Wednesday, August 31st 2022. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, August 31st 2022. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.
- MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued.
- The technique has proven to be very useful for finding positive surprises.
- This puts Torben Munch in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
- An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.
Orchid Island Capital, Inc. was incorporated in 2010 and is headquartered in Vero Beach, Florida. Alternative Assets.Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC. “Alternative assets,” as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (“Regulation A”).
Orchid Island Capital to Announce Third Quarter 2023 Results
Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company’s RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. The company has elected to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes.
In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. The most recent change in the company’s dividend was a decrease of $0.04 on Wednesday, October 11, 2023.
- Zacks Ranks stocks can, and often do, change throughout the month.
- Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
- The company’s RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS.
- A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
As of September 30th, there was short interest totaling 3,140,000 shares, an increase of 61.0% from the September 15th total of 1,950,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the days-to-cover ratio is currently 2.3 days. The technique has proven to be very useful for finding positive surprises.
Orchid Island Capital declared a monthly dividend on Wednesday, October 11th. Investors of record on Tuesday, October 31st will be paid a dividend of $0.12 per share on Tuesday, November 28th. This represents a $1.44 annualized dividend and a yield of 19.65%. Orchid Island Capital saw a increase in short interest in September.
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Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries. You should consult your legal, tax, or financial advisors before making any financial decisions. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy.
About Orchid Island Capital (NYSE:ORC) Stock
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. These returns cover a period from January 1, 1988 through September 4, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.
Orchid Island Capital to Announce Second Quarter 2023 Results
REITs are dividend-paying entities that own or finance real estate. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The scores are based on the trading styles of Value, Growth, and Momentum.
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There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. pepperstone forex When you see ORC stock appear in the results, tap it to open up the purchase screen. Upgrade to MarketBeat All Access to add more stocks to your watchlist.
All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. Additional information about your broker can be found by clicking here. Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (“Public Holdings”). This is not an offer, solicitation vintage fx of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. Securities products offered by Open to the Public Investing are not FDIC insured. Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank, Member FDIC. 5 employees have rated Orchid Island Capital Chief Executive Officer Torben Munch on Glassdoor.com.