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Orchid Island Capital, Inc. (ORC)

NYSE - NYSE Delayed Price. Currency in USD
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4.4100+0.0700 (+1.61%)
At close: 04:00PM EST
4.4100 0.00 (0.00%)
Pre-Market: 05:04AM EST
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  • k
    ken
    READ AND LEARN COMMENTS BE ORC CEO CAWLEY ON THE OCTOBER EARNINGS REPORT BELOW >>>

    "Given this economic backdrop Orchid was able to generate another strong quarter, with earnings per share of $0.20, an increase in book value per share of $0.06 and an economic return of 5.4%, unannualized. Realized yields on our RMBS portfolio increased slightly from 2.60% during the second quarter of 2021 to 2.66% in the third quarter of 2021. The Company benefited from very slow levels of prepayments, especially on the pass through portfolio as the 3-month CPR was only 9.8, helping to enhance the realized yield on the portfolio in an otherwise unchanged rate environment.

    NOW WITH EARNINGS OF .20 AND DIVIDEND COST OF 19.5 CENTS ORC IS COVERING THE DIV...ADD IN THE $478 MILLION OF CASH WAITING FOR A WIDER MORTGAGE INTEREST RATE SPREAD AND ORC AT CURRENT DEPRESSED SHARE PRICE I WILL CONTINUE TO ADD SHARES...COMMON-SENSE WORKS FOR ME...
    Bullish
  • j
    j
    with the faith of a mustard seed (; 7k shares with average 4.65.. i will be here til the Summer of 2022, constantly adding to the pot and collecting those sweet divys XD
    Bullish
  • D
    David
    I wish fellow shareholder's the best, but I am definitely keeping a keen eye out on what they announce the dividend to be for the month of January. With a declining share price, if they continued to cut the dividend further, this certainly won't be a sign for me to accumulate shares.
    Neutral
  • R
    R
    The next dividend announcement is December 9th. ORC cut their dividend at the beginning of the pandemic in March of 2020 and then immediately raised it twice in five months to where it stands now, with no cuts since. While their last Q3 reporting showed they missed on EPS (by $0.03), they beat on revenue. IMO, this volatility is tree shaking, profit taking, and tax loss for year end. Tapering has already started and will accelerate as per the Fed. Interest rates will be going up in 2022. Buy high, sell low...makes no sense. Plus, why cut the dividend now when nothing has really changed with their guidance. They have emphatically stated that once these two mechanisms (tapering and interest rates) are removed and adjusted, things will turn around. They have done nothing recently to show me otherwise. Up vote, down vote, don't really care, this is just my opinion on the matter, from someone who owns well over 70k shares, and yes, I bought the dip.
  • J
    John
    every year same old thing. people sell their stocks in December. end of the year. maybe need Christmas cash. no worries.
  • J
    J R
    any idea why ORC is taking such losses? People offloading before the end of the year?
    Neutral
  • R
    R
    Last reported book value (Oct.) was $4.77 a share. This is way below book value and nothing has changed negatively, in fact, if we are patient, the outlook is bright since the Fed will begin it's tapering starting tomorrow with respect to federal mortgage backed securities (Fannie, Freddie, Ginnie Mae).

    I picked up several tens of thousands of shares of this over the past couple of days. This is panic selling and algo trading: all you have to do is look at all the most recent trades and you will notice a lot of 100, 200, 400, etc. etc. trades. That is all algorithms and short laddering. All of the other trades are either panic selling or accumulation. Also, with the Fed starting their $15B tapering ($5B in fed MBS) in December, which is tomorrow, this is a bullish factor. Second, Powell just said they plan on accelerating their taper reduction, this is also bullish factor. Third, while there is a new covid variant, there will always be new variants and lost in the news, or better yet pushed down in the news cycle, is the fact that the doctor who discovered this variant stated the symptoms were milder than the delta variant, which is still the dominant variant and makes up 99% of all cases worldwide. Patience is key as this too shall pass. Markets go up, markets go down. Ride the ride and don't panic sell, and, accumulate more on the dip if you can.
  • Y
    YAHOO is PERVERTED
    Orc has done nothing but lose share price in 10 years. The dividend does not cover the losses in the share price. I have lost my shirt on this divident trap stock. Down again today nearly 4% and the monthly dividend is only a little above 1.2%.
  • J
    JDL
    Fund managers are buying this up while the common investors are panicking. This is the best time to buy. IMO
  • A
    Antony
    Anyone read the Zack report why they rated ORC a strong sell? For me, the primary concern is whether a dividend cut is imminent. Doe the report talk about that or no?
    Bullish
  • j
    john
    It amazes me how many people sit on a board and trash a stock because the price dipped. Currently the entire market is down, and that is a normal correction based on algo trading trends for the day, which have been spurred by the "new" Coronavirus variation. That has people guessing what the FED will do both short and long term with interest rates. Most of us have invested in this company, or other stocks because we see a value and opportunity to make a few nickels over a period of time. Personally, I do not know a single person who invests in the market for the purpose of losing money. We all have our perceived pain values in an up and down market run...some will bail...some will hold on for the ride....others will jump in and out trying to catch a good entry/exit for a few extra nickels. In the end, we all want to make a few bucks. Remember...you bought into a company for a reason...make an educated and logical decision before buying more or selling out. Some companies do end up going south, but for the most part...companies on NYSE/NASDAQ exchanges appreciate in value over time, and or pay a decent div.

    Greed is good...to a point.
    Controlling one's greed is even better.
  • P
    Pandemic Investor
    Today's dip from Covid variant will show that Tech index will remain one of the best places to park $$$ and in the future REITs to manage the inflationary period thru 2022. $ORC is a consistent monthly divvy that has remained solid for awhile. Yes, the rate is pretty high and thats a concern but $ORC with its already safely managed portfolio of investments across federally backed securities is a safety net not to be overlooked. On another note, I am taking a look into a similar REITs stock in $IVR and $IRCP that may be interesting opportunities down the road. GL to ALL!
  • R
    RobertM
    Looked like a sale to me so I bought 6000 shares at 4.52. I could use a little luck!
    Bullish
  • A
    Alphonse
    I hope we can recover at least half of what we lost yesterday. I'll be able to breath again! :)
  • L
    Luis
    Hope this is not a Ponzi scheme. During last ten years, ths stock price has been only downwards.
    Bearish
  • Z
    ZOR
    I'll just keep what I have. This to shall pass eventually.
  • J
    Jim U.
    I think its important to see the big guys who own this stock, especialy Blackrock! .....ORC stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Balyasny Asset Management LLC, Invesco Ltd., Geode Capital Management LLC, Citigroup Inc., Commonwealth Equity Services LLC, Van ECK Associates Corp, and Cubist Systematic Strategies LLC. Company insiders that have bought Orchid Island Capital stock include G Hunter Iv Haas, and Robert E Cauley.
    Bullish
  • 1
    123
    March 1, 2020 2.95 per ORP share
    Remember?
    This is a 30% dividend for those who bought then.
    Do not sell your shares - you will regret it when the Omicron panic passes and the market stabilizes.
    This is not the end of the world. Everything will be fine - there is already a PFE cure for covid. It's better than a vaccine.
    Bullish
  • M
    Matthew
    Orchid’s decline in share price is inadequate to give the full picture of ORC’s stock performance. By viewing increasing total returns and adding other metrics such as dividend yields, portfolio performance, and distributions coupled with capital gains we can see that investors are getting value for their investments. Additionally, ORC’s interest income as an mREIT added close to 18% in Q3 2021 from a net loss of $16.9 million in Q2 2021 proving an incredible rally into 2022. In my view, ORC’s investors will be protected from tapering effects since the company is toning down its rate-sensitive portfolio. From the supply side, Fannie Mae and Freddie Mac home-mortgage companies (where ORC invests deeply) are doing a good job to incorporate low-income earners and expand the mortgage bracket. For these reasons, I am bullish with ORC.

    (https://seekingalpha.com/article/4464402-orchid-island-capital-massive-dividend-stock-amid-tapering-concerns)
    Orchid’s decline in share price is inadequate to give the full picture of the company's performance. See why I am bullish on ORC stock here.
    Orchid’s decline in share price is inadequate to give the full picture of the company's performance. See why I am bullish on ORC stock here.
    seekingalpha.com
    Bullish
  • R
    Rhonda
    To the panic sellers...thanks for the cheaper shares. Cheers
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