Orchid Island Capital, Inc. (ORC)

About Orchid Island Capital, Inc.

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 to as Agency RMBS. Its portfolio comprises traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS, including 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 shareholders. Orchid Island Capital, Inc. was incorporated in 2010 and is headquartered in Vero Beach, Florida.

ORC passes 1 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Smart money ownership

8 of the funds we track reported a position in their latest SEC 13F filing. Largest first:

• Israel Englander, MILLENNIUM MANAGEMENT LLC$17.43M · 0.0% of book
• D. E. Shaw, D. E. Shaw & Co., Inc.$10.11M · 0.0% of book
• Steve Cohen, Point72 Asset Management, L.P.$6.34M · 0.0% of book
• Two Sigma, TWO SIGMA INVESTMENTS, LP$6.26M · 0.0% of book
• Ken Griffin, CITADEL ADVISORS LLC$3.93M · 0.0% of book

A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.

Common questions