Orchid Island Capital -2.1% after Q2 results

|About: Orchid Island Capital (ORC)|By:, SA News Editor

Q2 net loss of $9.6M or $0.26 per share includes net interest income of $0.69 per share, expenses of $0.08 per share, and net realized and unrealized losses on the portfolio and hedges of $0.88 per share. Dividends amounted to $0.42 per share.

Book value per share fell to $9.23 from $9.75, putting the stock at a premium to book.

Economic loss on equity for the quarter (change in book value plus the dividend) of 1%.

Previously: Orchid Island Capital EPS of -$0.26 (July 31)

ORC -2.1% to $9.33

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