secwatch.observer — SEC 8-K summary
======================================

Issuer:     Orchid Island Capital, Inc. (ORC)
CIK:        0001518621
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001437749-24-023483
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orchid Island Capital reports Q2 net loss of $5.0M, book value $8.58
--------------------------------------------------------------------

- Net loss of $5.0M ($0.09 per share) vs net income of $10.2M in Q2 2023.
- Book value per share fell $0.54 to $8.58; dividends declared $0.36 per share.
- Raised ~$100.7M via ATM equity at slight discount to book; portfolio grew 16.6%.
- Adjusted leverage 7.8x; liquidity $265.3M, or 48% of equity.
- Prepayment rate increased to 7.6% CPR from 6.0% in prior quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1518621/000143774924023483/0001437749-24-023483-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1518621/000143774924023483/orc20240610c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023483

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer