Orchid Island Capital, Inc. Provides Earnings Guidance for the Quarter Ended December 31, 2018
January 10, 2019 at 05:09 pm
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Orchid Island Capital, Inc. provided earnings guidance for the quarter ended December 31, 2018. For the quarter, the company expected net loss per share of $0.52. The Company’s estimated book value per share as of December 31, 2018 was $6.84.
Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities RMBS. The Company's investment portfolio consists of two categories of Agency RMBS: traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations (CMOs) issued by the government-sponsored enterprise (GSEs), and structured Agency RMBS, such as interest only securities (IOs), inverse interest only securities and principal only securities (POs), among other types of structured Agency RMBS. The Company's business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. The Company intends to achieve this objective by investing in and strategically allocating capital between pass-through Agency RMBS and structured Agency RMBS. The Company is externally managed by Bimini Advisors, LLC.
ORCHID ISLAND CAPITAL, INC. 
