Orchid Island Capital Inc. (ORC)

[leftovers]

Orchid Island Capital (NYSE:ORC) Q3 results were hurt by declining net interest income and losses on its residential mortgage-backed securities and derivatives contracts during the quarter, the company said Thursday. The Federal Reserve aggressively raised rates, which led to widening spreads between agency RMBS securities relative to comparable duration U.S. Treasurys or swaps.

[Scotttrader80]

Im not concerned

[bar1080]

ORC performance updated as of right now:
Perf Year -63.15%
Perf YTD -58.89%
Perf Month -27.05%

[leftovers]

ORC: Orchid Island Capital: Bankruptcy Appears Likely As Rate-Shock Worsens

[Scotttrader80]

ROFLMAO, Im waiting for a bottom to trade this like I always have, Too F'n funny

[leftovers]

now 8.24 O.U.C.H.

[Scotttrader80]

ROFLMAO, nor are those aristocrats picks, they're bleeding like stuffed pigs

[leftovers]

Not looking Good ---- ORC
Orchid Island Capital Inc

9.115

-1.105 (-10.81%)

[JMCK6193]

What a POS!!!!

[bar1080]

ORC Over Various Slices of Time: Yikes



Performance:
Week: -7.6%
Month:: -20.0%
Quarter: -15.7%
Half: Year: -27.7
Year -54%
Performance YTD: -48.8

[Scotttrader80]

All I know is ALL of my aristocrats have "tumbled"

find us some divy payers raising divies

[bar1080]

ORC is a leveraged gimmicky mREIT. Risks abound. Isn't that clear.

Read the article below
https://seekingalpha.com/article/4536795-orchid-island-capital-risks-grow-as-fed-considers-mbs-sales

[bobbyknobb]

NOT the best in 2022 you mean. Or show facts cuz data sez dif.

[bobbyknobb]

I have and do. So Palm Harbor Capital a foreign Llc and Palm Harbor Capital, and ORC and I don't know how many total but all these Corporate Offices are at 3305 Flamingo Drive Vero Beach. Fl. Add to that exact same phone #. Lady answering, insiders all sell to each other pay each other, advise each other for fees, each get massive millions for cutting the commons out by 80% shrinking the biz 50% in 1 year. While doubling the admin. and selling costs. LOL What a SCAM. Short this to PINK where Bimini already is. The advisor to ORC=LOL=PONZI!

[Scotttrader80]

And you can swing ORC for much MORE than the dividend, religiously

[bobbyknobb]

So 1 more thought Bimini capital management inc.=LOL

[bobbyknobb]

That be the meat and potatoes of it.

[Porterhouse10]

This POS still trades? Lol, an RS shows just how fundamentally Flawed this garbage is, say bye bye to Principle, but hey you can get a dividend!

[bar1080]

Down 29%! Pretty dreadful. Even in this weak market most of my blue chips are still raising their payouts.

As I like to say, "Often the best dividend stock isn't a dividend stock."

[leftovers]

seems to me that was the reason for the split! already the first day it is in the 12's..

Reverse stock splits are often seen as negative by Wall Street and are sometimes a desperate move by a troubled company trying to avoid a delisting or simply to pump up its image. With this reverse split, Orchid announced a monthly dividend of $0.16 per share. When adjusted for the split, that equates to a nearly 29% reduction which might not be the end of the company's dividend cuts this year.

[Scotttrader80]

ROFLMAO ORC already announced their divy cut, apparently the author isnt on his game

[bar1080]

"Dividend Cuts Could Be Right Around The Corner For These 3 REITs"

"Orchid Island Capital Corp. (NYSE: ORC) is a finance company that acquires, invests in and offers financing from U.S. residential mortgage-backed securities (MBS). The Florida mortgage real estate investment trust (REIT) initiated an IPO in March 2013 at a price of $14.50. Its monthly dividend of $0.135 returned an approximate annual yield of 11%.

However, in the last few years, the stock price has floundered, and ORC has reduced its dividend payment several times. Orchid’s price had recently been below $3, with a dividend of $0.045 per month or an annual dividend yield of over 18%. The last three quarters have seen negative earnings per share (EPS) and revenue. Clearly, things have not been going well.

But there was breaking news on the company this week — Orchid announced a 1:5 reverse stock split, so the stock opened this morning at $13.60."

https://finance.yahoo.com/news/dividend-cuts-could-around-corner-161039022.html

[Scotttrader80]

5-1 RS takes hold at 5;30 today, gotta wait for the dust to settle to find the swing parameters

[bar1080]

Thanks for spotting that. Highly leveraged crap. Investors should definitely read the SA article linked to below.
https://seekingalpha.com/article/4536795-orchid-island-capital-risks-grow-as-fed-considers-mbs-sales

[leftovers]

Wow this doesn't look good ? Orchid Island Capital: Insolvency Risks Grow As Fed Considers MBS Sales

The Federal Reserve's massive ~$2.8T MBS portfolio has not declined at the anticipated pace, meaning the Fed may soon look to sell MBS securities outright.
Orchid Island Capital has significant negative exposure to interest rates, with its sensitivity analysis suggesting a 2% rise in interest rates would cause its book value to fall ~68%.

Orchid Island's business model may be unsustainable as both lower and higher interest rates usually harm its book value, leading to chronic book value losses over the past decade.

If mortgage rates spike higher as the Federal Reserve pursues MBS sales, Orchid Island may face insolvency later this year.

[Scotttrader80]

This company is Orchid Island Capital, NOT the company you've listed.

so OOPS! on your part

citing the wrong company is laughable

[F150EcoBeast]

Holy COW. that's some serious losses right there.

[F150EcoBeast]

Anyone got any recent news for this stock?

[F150EcoBeast]

This stock seems interesting to me. Hmmmm. Im gonna do some digging.

[maverick one]

1-5 LOL predictable.

[JMCK6193]

From .045 to .032 dividend in Sept.

[bar1080]

And the more ORC falls, the higher the dividend yield... for awhile. Investors can go broke thinking in those terms.

[James salmon]

Still paying well above 10% dividend.

[ErnieBilco]

Yeahhhh and they are cutting the divi down to a pre-split .032 instead of the current .045

[Scotttrader80]

CORRECTING and REPLACING Orchid Island Capital Announces One-for-five Reverse Stock Split, August 2022 Monthly Dividend and July 31, 2022 RMBS Portfolio Characteristics

One-for-five reverse stock split of the outstanding shares of Common Stock

August 2022 Monthly Dividend of $0.16 Per Share of Common Stock

RMBS Portfolio Characteristics as of July 31, 2022

Next Dividend Announcement Expected September 12, 2022

The shares are expected to begin trading on a split-adjusted basis at market open on August 31, 2022.

reads like they're going quarterly

[leftovers]

Rut Row ---- Orchid Island Capital (NYSE:ORC) on Wednesday announced a 1-for-5 reverse stock split, effective at ~5 pm ET on Aug. 30.

[ErnieBilco]

Fantastic improvement - loss dropped more than 60% from Q1.

No wonder it continues to rise

And work on those math skills - the annual divi is 54 cents per share and it continues month after month - not bad for a $3 stock.

EDIT: Oh I see you wanted to make it look worse than it is so you decided to only use the 3 months of divi while disregarding the other 9 - Clever as ever.

[OTC_Hatter]

Company reported a net loss of $60.1 Million for the three month period ending June 30, 2022, compared a net loss of $16.9 million for the three months ending June 30, 2021...

Really... Who in the Hell would buy this? Going the wrong way! Just wait till the housing market crashes... The dividend already decreased 47 cents to 13 5 cents. Soon investors will have to pay the company dividends with all these losses!!

Damn, im staying away from this

[OTC_Hatter]

Orchard Securities – Investor Alert
Did you suffer investment losses with Orchard Securities (CRD# 133378) (SEC# 8-66719)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Orchard Securities. If you suffered losses investing with Orchard Securities, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.

As of April 4, 2020, Orchard Securities’s FINRA BrokerCheck Report contains the following:
Main Office Location
365 GARDEN GROVE LANE
SUITE 100
PLEASANT GROVE, UT 84062
USA

Mailing Address
365 GARDEN GROVE LANE
SUITE 100
PLEASANT GROVE, UT 84062
USA

Business Telephone Number
801-316-4301

Orchard Securities’s Direct Owners and Executive Officers
FAR VISIONS, LLC, MEMBER
NORTH CANYON ENTERPRISES, LLC, MEMBER
TOTTENHAM INVESTMENTS, LLC, MEMBER
TRIPLE CROWN SECURITES, LLC, MEMBER
BADALAMENTI, CHARLES RICHARD (CRD#:2065038), FINOP
BRADBURN, KEVIN CHRISTOPHER (CRD#:2718206), MANAGER, CHIEF EXECUTIVE OFFICER
GARRETT, TAYLOR WESTON (CRD#:4829547), PRESIDENT
HART, ADRIENNE YOST (CRD#:1510179), CHIEF COMPLIANCE OFFICER

FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.

If you suffered losses investing with Orchard Securities and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.

This information is all publicly available and is being provided to you by Galvin Legal, PLLC.

Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.

Formerly Known As, Aliases, and Affiliates
JOSEPH CAMERON, JOSEPH CAMERON LLC, JOSEPH CAMERON, LLC, JOSEPH CAMERON, JOSEPH CAMERON LLC, JOSEPH CAMERON, LLC

https://www.galvinlegal.com/orchard-securities-investor-alert

[OTC_Hatter]

On April 28th, 2022 Orchid Island Capital reported Q1 results. The company reported a Q1 net loss of $148.7 million.

[Scotttrader80]

Possible, what was the percentage in the $2.80's. Those puppies were juicy

[bar1080]

Wow, ORC off about 40% since Jan 1, 2021. Can that be right?

[Scotttrader80]

These folks like it too

https://stockinvest.us/stock/ORC

[Scotttrader80]

Those $2.80's were juicy. I scooped up a bunch of them.

[bar1080]

"Mortgage REIT Carnage"

"News on Q2 2022? Orchid Island Capital (ORC) announced a large chunk of book value was lost. It dropped from $3.34 to $2.87. That’s down about 14% in a quarter. Impressed? Me neither. Of course, if you were holding onto shares of ORC, you must’ve ignored all the times we told investors to simply get out." [much more...]

https://seekingalpha.com/article/4523481-mortgage-reit-carnage

[bobroo]

Bobroo also gives it a Hold rating.

As in, hold shares!

[Scotttrader80]

ORC has a set pattern like most monthlies, learn it and play it, you can bank multiples of their dividend

you can discuss the other over here

https://investorshub.advfn.com/Daves-Dividends-Payers-22057

[DawgTrading]

Ive always liked DNP,

ORC is tough to gauge but it pays out.

[Scotttrader80]

JMP Securities analyst Mikhail Goberman reiterated a Hold rating on Orchid Island Capital (ORC – Research Report) today. The company's shares closed last Thursday at $2.93. Orchid Island Capital has an analyst consensus of Hold

[Scotttrader80]

Nice dip ORC, any more or should I load up on this one