Orchid Island Capital: Decent Results But Long-Term Issues Remain [Seeking Alpha]
Orchid Island Capital, Inc. (ORC)
Last orchid island capital, inc. earnings: 10/24 04:05 pm
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US:NYSE Investor Relations:
orchidislandcapital.com/investor-relations
Company Research
Source: Seeking Alpha
The company's profits did not come from its main business of collecting interest, but from hedges and derivative contracts. Orchid Island Capital has a history of overleverage, overpayment of dividends, and massive dilution, which raises doubts about its ability to maintain dividends in the future. Orchid Island Capital ( NYSE: ORC released its results for the last quarter on April 25 in which the company announced net income of 38 cents a share and a book value of $9.12. This was better than analyst estimates of 25 cents a share and a book value of $9.00. Past Coverage Before we dive into the results of the last quarter, I've covered this company a couple of times in the past and this article serves as a follow up to those. My previous two articles on this company were titled Orchid Island Capital: Looks Like A Yield Trap and Orchid Island Capital: Still A Bad Investment Choice where I rated this company as a "sell" due to structural issues that include overleverage, overpay
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ORC
News
- Bimini Capital Management Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Orchid Island Capital, Inc. (NYSE:ORC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Orchid Island Capital Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Orchid Island Capital Announces First Quarter 2024 ResultsBusiness Wire
- Orchid Island Capital, Inc. (NYSE: ORC) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
ORC
Earnings
- 4/25/24 - Beat
ORC
Sec Filings
- 5/1/24 - Form 4
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- ORC's page on the SEC website