Orchid Island Capital, Inc.
Close on Oct 19, 2026
- Market cap
- $958.45M
- P/E (TTM)
- –
- Dividend yield
- 30.19%
About Orchid Island Capital
Real Estate Investment Trusts, SIC 6798
Orchid Island Capital, Inc. is a specialty finance company structured as a real estate investment trust that invests in residential mortgage-backed securities. The company's investment portfolio targets agency residential mortgage-backed securities backed primarily by single-family residential mortgages and guaranteed by government-sponsored enterprises or Ginnie Mae. Its primary asset segments include traditional pass-through securities, such as mortgage pass-through certificates and collateralized mortgage obligations, alongside structured securities including interest-only, inverse interest-only, and principal-only instruments. Orchid also participates in forward contracts through to-be-announced transactions. As an externally managed investment entity, it generates returns for institutional and individual stockholders rather than serving traditional commercial clients.
The company maintains no direct employees and relies entirely on Bimini Advisors, LLC to oversee its operational activities and portfolio management. The provided text identifies the company as a Maryland corporation, but does not disclose a specific headquarters city or address. Its portfolio holdings feature a geographically diversified base of residential mortgages to minimize regional concentration risks.
Summary of the business section of Orchid Island Capital's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Orchid Island Capital, Inc.
- Headquarters
- Vero Beach, FL
- Address
- 3305 Flamingo Drive 32963
- Phone
- (772) 231-1400
- Website
- orchidislandcapital.com
- Employees
- 90, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- BDO USA, P.C., West Palm Beach, Florida
Stock & identifiers
- Ticker
- ORC
- Exchange
- NYSE
- IPO date
- Feb 14, 2013
- Shares outstanding
- 200M, Jul 23, 2026
- Public float
- $881.14M, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 1-for-5 reverse, Oct 28, 2022; 1-for-5 reverse, Aug 31, 2022
- SEC CIK
- 1518621
- CUSIP
- 68571X301
- ISIN
- US68571X3017
- LEI
- 549300KBIHGT19K9DY89
- EIN
- 27-3269228
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Robert E. Cauley | Chief Executive Officer, Director | 228,260 |
| G. Hunter Haas IV | Chief Financial Officer, Director | 138,711 |
| Ava L. Parker | Director | 8,108 |
| Paula Morabito | Director | 1,261 |
| Frank P. Filipps | Director | 27,299 |
| W. Coleman Bitting | Director | 4,292 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Robert E. Cauley | $0 | $19.10K | $0 | $67 | $114 |
| FY2024 Robert E. Cauley | $220.00K | $248.75K | $205.00K | $60 | $98 |
| FY2023 Robert E. Cauley | $615.62K | $490.63K | $469.14K | $54 | $98 |
| FY2022 Robert E. Cauley | $512.07K | $265.33K | $390.23K | $56 | $85 |
| FY2021 Robert E. Cauley | $737.79K | $689.42K | $562.24K | $100 | $116 |
| FY2020 | $0 | -$9.52K | $0 | $105 | $81 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“We have no employees. We are externally managed and advised by our Manager pursuant to a management agreement as discussed below. … To maintain our qualification as a REIT, we must distribute at least 90% of our REIT taxable income, determined without regard to the deductions for dividends paid and excluding net capital gains, to our stockholders each year. We plan to continue to declare and pay regular monthly dividends to our stockholders.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jul 15, 2021 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jul 30, 2015 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Oct 14, 2014 | Delisting | Notice of delisting from exchange (Form 25) |
| Oct 6, 2014 | Listing | Registration of securities on an exchange (Form 8-A) |
| Oct 3, 2014 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Jul 13, 2011 | Listing | Registration of securities on an exchange (Form 8-A) |