Orchid Island Capital Estimates Q3 Net Loss of $0.90/Share, Book Value Drops to $6.02
ORC is trading near its 52-week low of $4.85 (4.5% above the low).
Summary
Orchid Island Capital estimates a Q3 2026 net loss of $0.90 per share, driven by $1.17 per share of realized and unrealized losses on RMBS and derivatives. Book value per share fell to $6.02 from $7.22 at June 30, a $1.20 decline. The company declared its October dividend of $0.10 per share, payable November 27. Total return on equity for the quarter was negative 12.5%. The stock trades near its 52-week low at $5.07, reflecting the sharp deterioration in book value and earnings.
Updates
· SEC 8-K — The 8-K attaches the press release and confirms the October dividend of $0.10 per share, payable November 27 to holders of record October 30.
At the time of this announcement, ORC was trading at $5.07 on NYSE in the Finance sector, with a market capitalization of approximately $1B. The 52-week trading range was $4.85 to $8.40. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.