Orchid Island Capital, Inc. (ORC)

NYSE: ORC · IEX Real-Time Price · USD
8.84
+0.19 (2.20%)
At close: Mar 27, 2024, 4:00 PM
8.85
+0.01 (0.11%)
Pre-market: Mar 28, 2024, 6:15 AM EDT

Company Description

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. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.

The company has elected to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes.

As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to stockholders, if it annually distributes dividends equal to at least 90% of its REIT taxable income to its stockholders.

Orchid Island Capital, Inc. was incorporated in 2010 and is headquartered in Vero Beach, Florida.

Orchid Island Capital, Inc.
Orchid Island Capital logo
Country United States
Founded 2010
IPO Date Feb 14, 2013
Industry REIT - Mortgage
Sector Real Estate
CEO Robert E. Cauley C.F.A., CPA

Contact Details

Address:
3305 Flamingo Drive
Vero Beach, Florida 32963
United States
Phone 772-231-1400
Website orchidislandcapital.com

Stock Details

Ticker Symbol ORC
Exchange NYSE
Fiscal Year January - December
Reporting Currency USD
CIK Code 0001518621
CUSIP Number 68571X301
ISIN Number US68571X3017
Employer ID 27-3269228
SIC Code 6798

Key Executives

Name Position
Robert E. Cauley C.F.A., CPA Chairman, President and Chief Executive Officer
George Hunter Haas IV Chief Financial Officer, Chief Investment Officer, Secretary and Director
Jerry M. Sintes CPA Vice President and Treasurer

Latest SEC Filings

Date Type Title
Mar 13, 2024 8-K Current Report
Feb 23, 2024 10-K Annual Report
Feb 14, 2024 8-K Current Report
Feb 13, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Feb 1, 2024 8-K Current Report
Jan 24, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Jan 10, 2024 8-K Current Report
Dec 12, 2023 8-K Current Report
Nov 15, 2023 8-K Current Report
Nov 13, 2023 8-K Current Report