Orchid Island Capital (ORC)
Invests in Agency RMBS under Bimini external management.
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Invests in Agency RMBS backed by Fannie Mae, Freddie Mac, or Ginnie Mae, earning spread income from leveraged pass-through and structured RMBS. External management by Bimini Advisors, repo financing, prepayments, interest-rate moves, and hedging outcomes shape results.
Invests in residential mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae, with a portfolio organized around pass-through Agency RMBS and structured Agency RMBS.
Generates income from net interest margin on leveraged RMBS and interest income on unleveraged structured holdings. The business is externally managed by Bimini Advisors, has no employees, and operates from Vero Beach.
Relies on short-term repurchase agreements to finance pass-through RMBS and some structured RMBS, while hedging is used around rate and market-value exposure. Earnings and book value are shaped by asset-yield spreads, borrowing costs, prepayments, RMBS prices, and derivative results.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 9, 2026 | BTIG | Initiate | Rating: — | |
| Dec 15, 2025 | Compass Point | Target | Target: — | Target: $7.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $813.6M · Total debt $11.58B · Total assets $13.10B · Shareholders' equity $1.44B
- Revenue
- $164.2M
- Operating income
- $58.8M
- Net income
- $89.2M
HistoryDividendAnnual yieldUpcoming
| Institutions | 43.22% | 86.27M shares | |
|---|---|---|---|
| 207 holders · as of Jun 30, 2026 | |||
| Insiders | 0.18% | 368.8K shares | |
| 3 holders · as of Jun 29, 2026 | |||
| Other | 56.60% | 112.96M shares | |
| remainder | |||
199.60M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (199.60M in the company's Sep 22, 2026 report, 173.50M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.29% | 20.54M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.48% | 8.93M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.62% | 5.24M | as of Jun 30, 2026 |
State Street CorpInstitution | 2.27% | 4.53M | as of Jun 30, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 1.93% | 3.85M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
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- Dynex Capital
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- Ellington Financial
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Orchid Island Capital | $6.11 | +0.41% | $1.05B | 4.1 | 5.6 | 2.0 | −28.9% |
| AGNC | $10.03 | +0.60% | $11.44B | 5.1 | 6.6 | 3.7 | — |
| Annaly Capital Management | $21.47 | +0.75% | $16.06B | 5.3 | 6.9 | 2.2 | −50.1% |
| ARMOUR Residential REIT | $14.95 | +1.18% | $1.72B | 4.0 | 5.1 | 1.7 | −41.6% |
| Dynex Capital | $12.14 | +0.54% | $2.99B | 4.6 | 7.7 | 3.4 | — |
| Ellington Financial | $12.73 | +0.91% | $1.58B | 7.7 | 6.6 | 2.3 | +184.1% |
| Median | 5.1 | 6.6 | 2.3 | −41.6% |