ORCHID ISLAND CAPITAL INC (ORC)
Financials · Mortgage REIT · NYSE
Orchid Island Capital is a mortgage REIT that invests in Agency residential mortgage-backed securities on a leveraged basis to generate regular monthly distributions.
What ORCHID ISLAND CAPITAL INC does
Orchid Island Capital is a specialty finance company that invests in residential mortgage-backed securities (RMBS) guaranteed by US government-sponsored enterprises or Ginnie Mae. Its portfolio consists of traditional pass-through Agency RMBS and structured Agency RMBS such as interest-only and principal-only securities. The company is externally managed by Bimini Advisors and operates as a REIT, primarily funding its investments through repurchase agreements.
Recent developments
In October 2026, the company estimated a net loss per share of $0.90 for Q3 2026, driven by $1.17 per share in realized/unrealized losses on RMBS and derivatives, resulting in an estimated total return on equity of (12.5)%. The company continues its capital raising activities through ongoing equity distribution agreements.
From ORCHID ISLAND CAPITAL INC's filing of 2026-10-14.
Themes: Agency RMBS, Mortgage finance / REIT, Interest rate risk management, Leveraged investment strategy, Fixed income
Fundamentals
- Price$4.91 as of 2026-10-20 close
- Market cap$980M as of 2026-07-23 (share count; price 2026-10-20)
- 1-year return-34.6% 2025-10-20 close $7.51 → 2026-10-20 close $4.91
- P/En/a not reported by our data source
- ROE+11.6% FY2025, SEC XBRL
- ROICn/a No figure: it is a bank or insurer, whose operating income and debt are not what ROIC divides.
- Debt / equityn/a No figure: its filing tags none of the debt lines we read, which is not evidence of zero debt.
- Beta0.63 as of 2026-09-02
- Last reported earnings2026-10-14 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +19.9%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
How ORC compares in its sector
- return on equitymiddle range 558 covered Financials peers, as of 2026-09-02
- indicated dividend yieldtop 10% 440 covered Financials peers, as of 2026-09-02
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Exceeded at least one reported measure. In FY2025, ORC's dividend exceeded at least one reported measure of what it earned or generated (earnings payout 112%, operating-cash-flow payout 149%). A payout above 100% in one year is not necessarily unsustainable, but it is not fully covered by that measure.
- Earnings payout112% dividends / net income
- Operating-cash-flow payout149% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
Quarterly results
| Quarter | Net income | Operating cash flow |
|---|---|---|
| Q2 FY2026 2026-06-30 | $89M | $82M† |
| Q1 FY2026 2026-03-31 | -$20M | $49M |
| Q4 FY2025 2025-12-31 | $103M† | $48M† |
| Q3 FY2025 2025-09-30 | $72M | $28M† |
| Q2 FY2025 2025-06-30 | -$34M | $18M† |
| Q1 FY2025 2025-03-31 | $17M | $26M |
| Q4 FY2024 2024-12-31 | $6M† | $18M† |
| Q3 FY2024 2024-09-30 | $17M | -$15M† |
† Not filed as a discrete quarter: derived from the company's own year-to-date figures (for example the fourth quarter as the fiscal year minus the first nine months). A derived per-share figure is approximate, because the share count moves within the year.
Balance sheet at 2026-06-30
- Cash and equivalents$683M
- Total debtnot shown the filing tags none of the debt lines we read — not evidence of zero debt
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
How ORCHID ISLAND CAPITAL INC looks technically
ORCHID ISLAND CAPITAL INC (ORC) is trading 28.2% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 128 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 59, with sellers in control. Momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 29, in oversold territory (below 30). MACD, a trend-momentum gauge, turned bullish about 4 trading days ago (its momentum flipped positive). It made a new 20-day low about 2 trading days ago. It is 3.4% above its 52-week low (its lowest price of the past year).
Trend
8
| Distance from the 200-day | it is trading 28.2% below its 200-day average, the long-term trend line — a long-term downtrend | -28.2% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $5.99 | $5.99 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $6.84 | $6.84 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 12 calendar days ago — the swings before that are what the structure reading is measured on | 12 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in the fourth leg, a pullback against that downward direction; the labelling fails if price closes above 6.31. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a completed three-part correction. | possible downward five-wave sequence, in wave 4 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 128 trading days ago — a "death cross", a bearish long-term signal | 128 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 59, with sellers in control | 58.6 |
Momentum
3
| 14-day RSI | momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 29, in oversold territory (below 30) | 29.2 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($4.75 to $5.47) — its "stochastic" reading is 22 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 22.2 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 4 trading days ago (its momentum flipped positive) | 4 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $8.40 | $8.40 |
|---|---|---|
| From the 52-week high | it is 41.5% below its 52-week high (its highest price of the past year) | -41.5% |
| Above the 52-week low | it is 3.4% above its 52-week low (its lowest price of the past year) | +3.4% |
| Below the 52-week high | it is 41.5% below its highest point of the past year | 41.5% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day low about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $77.00 (set on 2013-02-19) | $77.00 |
| Given back of the 52-week move | over the past year its closes ranged ($4.77 to $8.35), and it has recovered only a small part of its fall from last year’s high — 4% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $6.98 to $7.10. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 3.9% |
| From the all-time high | it is 93.6% below its all-time high | -93.6% |
| Nearest price level | it is trading 36.0% below a resistance level at $6.68 — a price it turned at five times since 2025-05-22, most recently on 2026-07-09. Since 2024-10-21 it has 0 such levels below the current price and 9 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +36.0% |
| All-time low | its lowest closing price on record is $2.70 (set on 2022-08-30) | $2.70 |
| Above the all-time low | it is 81.9% above its all-time low | +81.8% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 90% of the past ~6 months) | 90th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.1855 between its high and its low — about 3.8% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.1855 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $4.58 and $5.91 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $4.58 – $5.24 – $5.91 |
| Typical daily range (% of price) | its price moves about 3.8% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.8% |
| Stretch from the 200-day average | it is trading 10.4 daily ranges below its 200-day average price (28.2% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 10.4 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.06× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
4
| Since a doji | 5 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 5 sessions ago |
|---|---|---|
| Since a hammer | 7 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 7 sessions ago |
| Since a bullish engulfing | 4 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 4 sessions ago |
| Since a bearish engulfing | 2 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 2 sessions ago |
Price gaps
1
| Gap at the open | it opened on 2026-10-20 0.2% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.2% |
|---|
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 19.7 percentage points (the stock lost 18.7% while the market gained 1.0%) | -19.7% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 30.5 percentage points (the stock lost 26.8% while the market gained 3.6%) | -30.5% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 38.5 percentage points (the stock lost 30.0% while the market gained 8.5%) | -38.5% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 49.2 percentage points (the stock lost 34.6% while the market gained 14.6%) | -49.2% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: its RSI momentum gauge is oversold (a beaten-down reading), MACD momentum is positive — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 24% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-14 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 2.9% of the share price. | -24.1% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 28% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $6.83 — a volume-weighted average of daily closes over 199 sessions, not a true tick-by-tick VWAP. | -28.1% |
|---|---|---|
| Vs the average paid since it last reported | the price is 18% below the average price paid since it last reported on 2026-07-13 (its 8-K), so the typical buyer over that stretch is under water. That average is $6.02 — a volume-weighted average of daily closes over 71 sessions, not a true tick-by-tick VWAP. | -18.4% |
Price levels it has turned at before
ORC last closed at $4.91 on 2026-10-20. Since 2024-10-21 it has turned at 0 prices below its last close and 9 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $6.68 | Resistance | 36.0% above the last close | turned there five times · 2025-05-22 to 2026-07-09 |
| $6.83 | Resistance | 39.1% above the last close | turned there five times · 2025-06-23 to 2026-08-19 |
| $6.99 | Resistance | 42.4% above the last close | turned there 7 times · 2025-07-16 to 2026-06-30 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 4 of five, a pullback against that direction.
This labelling fails — stops being a possible reading at all — if it closes above $6.31.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $5.31 and $5.83 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a completed three-part correction, which fails on a close below $4.85.
This reading has stood for 1 trading day, since 2026-10-20.
Read from daily closes as of 2026-10-20.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Trading below the 50-day moving average · Oversold (14-day RSI below 30) · Pulled back from the 12-month high · Broke down to a new 20-day low · MACD just crossed bullish (12/26/9) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-20. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingHold (3.00 mean, 1=Strong Buy…5=Strong Sell) — 1 analyst
- Mean price target$7.50 range $7.50 – $7.50
Analyst estimates, as of 2026-10-18. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for ORC
- Consensus EPS estimate$0.2875 next reporting period, as of 2026-10-18
- Estimate change, 30 days-$0.0275 (-8.7%) from $0.315, on 2026-09-13, 35-day window
- Readings revised upward0% of 10 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Rising interest rates negatively affect investment values and increase borrowing costs, reducing earnings and distribution capacity.","Prepayment risk, where early loan repayments can shorten expected maturity or erode premiums on securities purchased at a premium.","Significant reliance on short-term repurchase agreement financing, creating liquidity and rollover risk."]
What changed in the latest 10-Q
AI-assisted comparison of ORC's 10-Q filed 2026-04-24 against the prior one filed 2025-10-24.
Management's Discussion & Analysis (MD&A)
- Added:
- Added to forward-looking statements list: 'artificial intelligence' as a factor affecting general economic conditions (filed 2026-04-24)
- Added to forward-looking statements list: 'wars' as a factor affecting general economic conditions (filed 2026-04-24)
- Added paragraph about October 2025 Equity Distribution Agreement entered on October 27, 2025, with details on share issuances through March 31, 2026 and subsequent activity (filed 2026-04-24)
- Removed:
- Removed paragraph describing March 2023 Equity Distribution Agreement that was terminated in June 2024 (filed 2025-10-24)
- Removed strategic allocation language: 'and strategically allocating capital between the two categories of Agency RMBS described above' (filed 2025-10-24)
- Removed entire paragraph explaining portfolio strategy: 'PT RMBS and structured Agency RMBS typically exhibit materially different sensitivities to movements in interest rates. Declines in the value of one portfolio may be offset by appreciation in the other. The percentage of capital that we allocate to our two Agency RMBS asset categories will vary and will be actively managed in an effort to maintain the level of income generated by the combined portfolios, the stability of that income stream and the stability of the value of the combined portfolios. We believe that this strategy will enhance our liquidity, earnings, book value stability and asset selection opportunities in various interest rate environments.' (filed 2025-10-24)
- Reworded:
- Changed 'traditional pass-through ("PT") Agency RMBS' to 'traditional pass-through ("PT") Agency RMBS' with 'mortgage PT certificates' changed from 'mortgage pass-through certificates' (filed 2026-04-24)
- Changed 'could offer and sell' to 'may offer and sell' for February 2025 Equity Distribution Agreement description (filed 2026-04-24)
- Changed 'We intend to achieve this objective by investing in' to 'We intend to achieve this objective by investing in the two categories' removing the strategic allocation language (filed 2026-04-24)
- Notes:
- The older filing text appears truncated at the end of the Capital Raising Activities section, cutting off mid-sentence on the February 2025 Equity Distribution Agreement paragraph; comparison of subsequent equity distribution agreement details may be incomplete due to source truncation
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for ORC — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
ORC had 23,524,061 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).
ORC had 11.8% of its shares outstanding sold short as of the 2026-09-30 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.94 days to cover at the same settlement.
- Reported short interest (shares) 23,524,061
- Short interest (% of shares outstanding) 11.8%
- Prior settlement (shares) 16,200,116
- Reported change 45.21%
- Days to cover (reported) 3.94
Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Annaly Capital Management (NLY)
- AGNC Investment (AGNC)
- Chimera Investment (CIM)
- Two Harbors Investment (TWO)
- ARMOUR Residential REIT (ARR)
- PennyMac Mortgage Investment Trust (PMT)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does ORCHID ISLAND CAPITAL INC (ORC) do?
Orchid Island Capital is a specialty finance company that invests in residential mortgage-backed securities (RMBS) guaranteed by US government-sponsored enterprises or Ginnie Mae. Its portfolio consists of traditional pass-through Agency RMBS and structured Agency RMBS such as interest-only and principal-only securities. The company is externally managed by Bimini Advisors and operates as a REIT, primarily funding its investments through repurchase agreements.
What sector is ORCHID ISLAND CAPITAL INC (ORC) in?
ORCHID ISLAND CAPITAL INC (ORC) is classified in the Financials sector. Its industry is Mortgage REIT. It trades on NYSE.
Does ORC pay a dividend?
Yes — ORCHID ISLAND CAPITAL INC (ORC) pays a dividend, with an indicated yield of about 19.87% and 2-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-02). Informational only — not financial advice.
Who are ORCHID ISLAND CAPITAL INC's (ORC) competitors?
Notable peers of ORCHID ISLAND CAPITAL INC (ORC) include Annaly Capital Management, AGNC Investment, Chimera Investment, Two Harbors Investment and ARMOUR Residential REIT. This peer set is informational only — not financial advice.
Is ORCHID ISLAND CAPITAL INC (ORC) overbought or oversold right now?
ORCHID ISLAND CAPITAL INC (ORC) is currently in oversold territory (its 14-day RSI is 29, below 30) (as of 2026-10-20). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on ORC come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-20.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.