Robert Cauley Buys Shares of ORC $ORC
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Robert Cauley, Chief Executive Officer at Orchid Island Capital, Inc. ($ORC), bought 3,694 shares at an average price of $0. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission.
Orchid Island Capital, Inc. Stock Up 5.8%
Shares of Orchid Island Capital, Inc. ($ORC) traded around $6.97 on Tuesday, up 5.8% for the day.
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About Orchid Island Capital, Inc.
Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred to as Agency RMBS. Its portfolio comprises traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS, including interest only securities, inverse interest only securities, and principal only securities. The company has elected to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to stockholders, if it annually distributes dividends equal to at least 90% of its REIT taxable income to its shareholders. Orchid Island Capital, Inc. was incorporated in 2010 and is headquartered in Vero Beach, Florida.
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