Orchid Island Capital, Inc. was incorporated in 2010 and is based in Vero Beach, Florida. We took the painful step of reducing our dividend in response to the compression of the gap between our funding costs and asset yields. The formula is simple -- mREITs earn the spread between the repo rate and MBS rates. As of June 2, 2022, the closing price was $3.15 so the monthly dividend, declared in-line for May at $0.045, works out to nearly an 18% annual yield if they keep the next 7 monthly distributions the same. Scaling Justice is a day-long event convening at the cutting edge of impact investing. Please. Got a confidential news tip? So proud of you. Opportunities for impact investing to champion reproductive care after Net interest income (QoQ) jumped 17.79% from $27.7 million ($0.28 per common share) to $32.6 million ($0.28 per common share). I invested in this when I was new at investing, but this one is clearly not a winner and hasn't been at any point in the past 10 years. At the same time, the Fed is no longer purchasing Treasury bonds to help keep longer-term interest rates low, and so the influential yields on these instruments have risen somewhat as a result. I am so very hopeful. Panelists: Ruth Shaber, Tara Health Foundation. the book value fell 10% in Q4 and also at its lowest ever . even worse ? Our bi-weekly newsletter provides insights into the people, projects, and organizations creating lasting change in the world. As people of all genders rise up to defend abortion access, reproductive rights and justice, the deepening collaboration between the reproductive and birth justice communities is helping us take a holistic, united approach to defending individual and collective rights to bodily autonomy and self-determination. Grand Est regroups Alsace, Lorraine and Champagne-Ardenne as of January 1, 2016 in order to form one of the 13 new regions of Metropolitan France I wrote this article myself, and it expresses my own opinions. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. For Patty, grantmaking is not about an endpoint, it is a doinga practice where resources are restituted and leveraged for change in the world. Orchid Capital Collective. The company was able to replace its Q2 2021 net loss of $16.9 million with a net income of $26.0 million indicative of a strong quarter heading into 2022. Thriving across a broad spectrum of forms of capital The decrease in the portfolio percentage of Freddie Mac from 26.6% to 23.0% in the stated period was offset by the increase in the fair value. I have no business relationship with any company whose stock is mentioned in this article. Fund Manager Education - Boston Impact Initiative One is referred to as the "Pass Through" portfolio that consists of pass-through certificates issued by the GSEs (Fannie Mae, Freddie Mac, or Ginnie Mae) and CMOs (collateralized mortgage obligations) issued by the GSEs. Rivka Gordon is a longtime primary care Physician Assistant and Womens Health Care Specialist, most recently serving as Senior Director for Quality in the Kaiser Permanente Federation in Oakland, Calif. She served on the leadership team of Kaisers Care Management Institute (CMI). In the current market environment with inflation soaring above 8% and interest rates rising, many investors are seeking high yield investments. The company is still highly leveraged at 7.8 to 1 as of March 31 with $4,464.1 million in outstanding repurchase obligations and only about $301M in liquidity. That means no dividend. Keeping that in mind, the pace of tapering may be slowed down to match any rate hikes presumably set for 2023. Over the 5 years, ORC's annual book value has increased 24.79% despite a 53.53% decline in the share price. Income investors are also of the view that ORC has robust prospects including growth, expansion, and heightened profits. You can find out more about which cookies we are using or switch them off in settings. The advice algorithm takes into account all of Orchid Island's available fundamental, technical, and predictive indicators. I am honored to have been offered the opportunity to serve on a board that centers abundance, kindness, and community wealth in its approach to #pregnancycare. The 5-year, 1-year, and YTD total returns for ORC are dismal and even worse than most of their peer mREITs. She spent 15 years in investment banking, finishing as a managing director in charge of the global technology Merger and Acquisitions (M&A) practice at Merrill Lynch & Co. She co-founded Gilo Ventures, a venture capital firm based in Silicon Valley and Israel, in 2000 and founded Tomon Partners, a strategy and M&A consulting firm, in 2003. But that is not necessarily the best use of your hard-earned investment dollars, in my opinion. He is well-versed in working in small teams and scaling businesses. 52 Week High 16.40. The program that included Freddie Mac and Fannie Mae was extended from 80% AMI earners to 100% AMI to take in low-income earners. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. ORC Dividend History (Q1 Earnings Presentation). Moderator: Tenesha Duncan, Orchid Capital Collective Co- host . The huge negative total return says it all. Would you get out now before the split, or hold even if they suspend the divi? She is the Founder and Managing Director of Orchid Capital Collective, and leads the work leveraging grants, loans, and investments to fund the shift toward community owned and driven . View the profiles of professionals named "Tenesha" on LinkedIn. Shout out toHoward University. Another Bison leads the way! Investors typically determine, Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk Please. About Oussni Kinda is an economist and evaluator with knowledge of new development trends. Pattys work in systems design is deeply rooted in a commitment to the values of equity and justice for systemically marginalized communities. Birthing Beloved Economy included workshops and discussions exploring how community birth is crucial to reclaiming, restoring, and generating community . Mortgage rates have not been this high since 2011. and cautioned investors to stay away because of declining book value, and margin compression due to rising rates. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Orchid Stock today | USA Stocks:ORC - Macroaxis It's not a true sell until Rida or one of his lackeys says it's a buy. Hosted by: Taj James, co-founder of Full Spectrum Capital. APRIL 28-29, 2023 Midwifery is Public Health (MIPH) is intended for present and future public health practitioners, educators, researchers, and advocates; health professions curriculum coordinators; and, students interested in becoming midwives, nurses, doulas or public health practitioners. By viewing increasing total returns and adding other metrics such as dividend yields, portfolio performance, and distributions coupled with capital gains we can see that investors are getting value for their investments. 1:0 0pm Lightning Round: 5min for Ideas whose time have come I am honored to Keecha Harris, DrPH, RD on LinkedIn: #pregnancycare #blackwomenleaders #impactinvestment #racialequity All Rights Reserved. Please enable Strictly Necessary Cookies first so that we can save your preferences! Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. And the first thing that I read on that page is the 5-year total return of (9.3%) as of 12/31/21. Thriving across a broad spectrum of forms of capital I am not receiving compensation for it (other than from Seeking Alpha). Principal, Birth Equity at Tara Health Foundation. Read More. Keeping the faith in ORC, I kept buying and buying. Before moving to California, Rivka was board chair and chair of board development for Planned Parenthood of Central North Carolina. [3] Capital i cel mai mare ora este Strasbourg. Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer, Chief Investment Officer, Secretary, Director. About 21% of the float is held by institutions such as BlackRock, Vanguard, State Street, and others. Looking at the 10 year CAGR, it's clear the value only increases by roughly 2% a year on average. Oakland, CA Type Nonprofit Founded 2022 Locations Primary Oakland, CA 94606, US Get directions Employees at Orchid Capital Collective Tenesha Duncan Founder & Managing Director, Orchid. Since it is focused on the Agency residential mortgage-backed security (RMBS) market, the company will lower its investments on portfolios that are biased towards higher rates and tapering effects. Orchid Island Capital, Inc. was incorporated in 2010 and is based in Vero Beach, Florida. Orchid Island is traded on New York Stock Exchange in the United States.. Jen StarkSenior Director Corporate Strategy. If you are already a shareholder you may wish to hold your shares and collect the dividend, but I would not recommend adding any more at this point. You mentioned articles for and against. Orchid Island Capital: Massive Dividend Stock Amid Tapering Concerns There are 1300+ professionals named "Tenesha", who use LinkedIn to exchange information, ideas, and opportunities. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. But, people don't know how to care for them." ORCs dividend yield is above 15% up from a five-year growth rate of -14.23%. The 10-year US treasury yield level is almost matching the YTD high yield witnessed in Q1 2021. With: Tenesha Duncan, co-founder and Managing Director of Orchid Capital; Cynthia Gutierrez, Program Manager for UCSFs Hub of Positive Reproductive and Sexual Health (HIVE) and Team Lily programs. As of September 30, 2021; Orchid Island Capital increased its book value per common share by $0.06 to $4.77. And the Fed has not yet begun to reduce its holdings, which is likely to have an additional negative impact on ORC's bottom line when they do. It is so good to see you. During her tenure at FPA, Ellen has developed and managed educational seminars, events and meetings for audiences of up to 1,000 people. Keeping this cookie enabled helps us to improve our website. The outlook for the remainder of 2022 does not look promising either. Data is a real-time snapshot *Data is delayed at least 15 minutes. I am honored to have been offered the opportunity to serve on a board that centers abundance, kindness, and community wealth in its approach to #pregnancycare. Finally, if the Fed raises the Fed funds rate by 75 bps in June, July and Sept, that means the repo rate will probably exceed the yield on MBS, meaning ORC's spread will be zero. Prior to joining Tara Health, Elise worked with Advancing New Standards in Reproductive Health (ANSIRH) at the University of California, San Francisco, Ibis Reproductive Health, and the Harvard School of Public Health. Tenesha Duncan is a Principal, Birth Equity at Tara Health Foundation based in San Francisco, California. Join us for a day of insightful discussions, interactive workshops, and networking opportunities with industry experts and community leaders. Additionally, ORCs interest income as an mREIT added close to 18% in Q3 2021 from a net loss of $16.9 million in Q2 2021 proving an incredible rally into 2022. The YTD total return is -24.74% compared to the S&P 500 at -11.79%. This conference is made possible by generous support from our sponsors: ACNM Caucus of Black Midwives for Reproductive Justice and Birth Equity, ACNM Foundation, Birth Center Equity, Birthing Cultural Rigor LLC, Black Mamas Matter Alliance, Black Women for Wellness, California Healthcare Foundation, Charles Drew University, Commonsense Childbirth, Inc., Elephant Circle, Funders for Birth Justice and Equity, New Voices for Reproductive Justice, Orchid Capital Collective, Quilted Health, University of Washington School of Nursing. In its Q3 2021 results, ORC contended that it had minimized its exposure to Ginnie Maes fixed rate for RMBS as well as the 15 & 30-year production coupons. Home sellers are starting to lower their asking price, active listings are down, pending home sales are falling, and this is typically the most active time of the year for the housing market. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. At any rate, if it is true, what's up with all this dilution, that seems crazy. Prior to joining Tara Health, Patty worked at the Society of Family Planning Research Fund, where she re-designed and scaled grantmaking processes and administered awards across multiple portfolios. Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities in the United States. Honoring Mother Earth and Bodily Sovereignty: Reproductive Rights I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Orchid Island Cap Stock (NYSE: ORC) stock price, news, charts, stock research, profile. Jennie Joseph, LM, Commonsense Childbirth, Inc. Breana Lipscomb, MPH, Center for Reproductive Rights, Audrey Luck, LM, Midwives Association of Florida, Ebony Marcelle, DNP, CNM, FACNM, Community of Hope, Monica McLemore, PhD, MPH, RN, Center for Anti-Racism in Nursing University of Washington School of Nursing, Shafia M. Monroe, MPH, DEM, CDT, Shafia Monroe Consulting, Janell Moore, MPH, LM, CPM, Jasiri Midwifery, Uloma Nwogu, DrPHc, Claremont Graduate University, Jessica Roach, MPH, Restoring Our Own Through Transformation (ROOTT), Janette Robinson Flint, Black Women for Wellness, Karyl-Lyn Sanderson, Southern Birth Justice Network, Karen A. Scott, MD, MPH, FACOG, Birthing Cultural Rigor, LLC, Karie E. Stewart, MPH, MSN, CNM, APRN, University of Illinois Hospital & Health Sciences, Leseliey Welch, MPH, MBA, Birth Detroit, Birth Center Equity. The 18% forward yield gives many investors an appetite to bite into such a juicy opportunity. I am 18 months away from IRS required RMD. (ORC Investor Relations Website). Why? You can follow Jen on LinkedIn. Will it go down more after the split? She leads strategy and investments within the Reproductive Health portfolio, as well as oversees all programs and operations work at the Foundation. Very timely reminder to stay away from Orc. Through March 31, 2022, we issued a total of 15,835,700 shares under the October 2021 Equity Distribution Agreement for aggregate gross proceeds of approximately $78.3 million, and net proceeds of approximately $77.0 million, after commissions and fees. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Figure 1- price return of the S&P 500 against the mortgage market. Rising Mortgage Rates (Freddie Mac (Yahoo Finance)). On its part, Fannie Mae added provisional requirements on the eligibility of Condo and Co-op project owners. Loveworthy: Birth Equity & Justice - Honoring Our Relationships to the This leaves only private investors who care very much about making profits on their holdings, and a range of risks to the economic climate may make them more wary of purchasing MBS, particularly at relatively low yields. Approach: Staged, blended capital; public private partnerships, medicaid reimbursement; shared value creation. As you said I get nice dividends every month and that why I keep these. Levered RMBS investors such as Orchid that invest solely in the Agency RMBS market have limited options to avoid these headwinds. As of June 2, 2022, the closing price was $3.15 so the monthly dividend, declared in-line for May at $0.045, works out to nearly an 18% annual yield if they keep the next 7 monthly distributions . In this article, I will highlight reasons why I am bullish with this undervalued mREIT stock in light of increasing total returns. But, people don't know how to care for them." To protect its lofty status as a mortgage-backed real estate investment trust (mREIT), Orchid aims to balance its interest-rate-sensitive investments with credit-sensitive assets. I have more than five years experience in the financial industry. Do you know who buys mREITs that have no dividends -- no one. The war on Mother Earth is rooted in the war on the bodies of women and gender non-binary peoples bodily autonomy. I can't imagine anyone looking at that and calling this one a winner. With the intended plan by the Fed to leave the MBS market and reduce bond buying over the next several months, there are not too many silver linings that I can find in ORC's future. Surprisingly (to me at least), Wall Street analysts give ORC 1 Buy and 1 Hold rating. Tenesha Duncan, MA, MBA, Orchid Capital Collective Kimberly Durdin, LM, CPM, IBCLC, Kindred Space LA Keisha Goode, PhD, SUNY Old Westbury Nikia Grayson, DNP, CNM, MPH, CHOICES Center for. From this standpoint, it is seen to be fairly valued but indicative of growth prospects along the way. In Q2 2021, the book value stood at $4.71. In essence, I do not see how the de-leveraging efforts are going to be enough to right the ship and begin to increase the book value for ORC when these other market factors are in play over the next few months. Is there any light at the end of the tunnel? Oraul Reims (n Champagne), unde n 496 d. Chr. The company has 39.08 M outstanding shares of which 1.79 M shares are now shorted by investors with about 2.58 days to cover. For Treasury securities, the cap will initially be set at $30 billion per month and after three months will increase to $60 billion per month. You might think that all mREITs are having a tough time this year and that is generally a correct assumption. The current trade recommendation is based on an ongoing consensus estimate among, Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Orchid Island Capital based on its profitability, leverage, liquidity, source of funds, and operating efficiency. Jen earned a B.A. Figure 6- ORC's Total Return rate of its portfolio against peers. The ROIC for the PT portfolio during the first quarter of 2022 was an astonishing -32.4% while the smaller Structured portfolio returned 9.1% for a combined negative return of -20%. The latest dividend cuts are not just a recent phenomenon either. She is the founder of the Womens Health Research Institute in Kaiser Permanentes Northern California region. Entering text into the input field will update the search result below, significant rise in inflation that reached an all-time high of 5.4 in. I have no business relationship with any company whose stock is mentioned in this article. But at the end total return is king. (MIPH) is intended for present and future public health practitioners, educators, researchers, and advocates; health professions curriculum coordinators; and, students interested in becoming midwives, nurses, doulas or public health practitioners. Strasbourg is one of the main Grand Est destinations, a great city for sightseeing and tasting regional food and wines. I also enjoy reading investment/financial and business information and following trends in technology and markets. Also, remember various factors, including, The danger of trading Orchid Island Capital is mainly related to its, When running Orchid Island's price analysis, check to, Analyze equity upside and downside potential for a given time horizon across multiple markets, Analyze risk-adjusted returns against different time horizons to find asset-allocation targets, Use generated alerts and portfolio events aggregator to diagnose current holdings, Track or share privately all of your investments from the convenience of any device, Is Orchid Island's industry expected to grow? She leads the Foundation's strategy and investments to advance birth and economic equity and justice through community led solutions that improve care quality and outcomes. But, people don't know how to care for them." Tenesha Duncan of Orchid Capital Collective. She has led and facilitated coalitions of abortion providers and advocates, and also served as the Membership Director of the National Abortion Federation where . I was watching this as it declined for some time and did jump in at a modest level yesterday, but would appreciate thoughts moving forward. Deepening our shared capacity for healing and joy every step along the way While making the announcement, Freddie Mac stated that this expansion would help deserving homeowners take advantage of the low-mortgage environment. Should we throw out all mReits? On quarter-to-quarter analysis, the mortgage pass-through (PT RMBS) portfolio declined 3% from 82% to 79% in Q3 2021. For these reasons, I am bullish with ORC. Based on a, Based on a normal probability distribution, the odds of Orchid Island to move above the current price in 90 days from now is, Orchid Island Capital Income Statement is one of the three primary, Picking the right benchmark for Orchid Island stock is fundamental to making educated investment choices. In Q2 2021, the book value stood at $4.71. Figure 3- Chart showing ORC against 10-year US Treasury note yield. We are using cookies to give you the best experience on our website. Our Team - Tara Health Foundation of Orchid Island outstanding shares are held by regular investors with 0.24 % owned by, What are Orchid Island's target price odds to finish over the current price? Grand Est[1] (n francez Marele Est) este o regiune administrativ n Frana de Nord-Est, care s-a format la 1 ianuarie 2016 prin fuziunea regiunilor Alsacia, Lorena i Champagne-Ardenne ca urmare a unei reforme administrativ-teritoriale adoptate de legislativul francez n 2014.[2]. Analysts have been routing for an increase in interest rates, a move that would negatively impact the mREIT market. Orchid Capital Collective She also led the disaster fundraising team at American Red Cross National Headquarters that included historic fundraising campaigns in response to earthquakes in Haiti and Japan and secured financial & in-kind corporate support following Hurricane Katrina. ORC's total return gained 5.4% in Q3 2021 from a $0.195 dividend (per common share). ORC will be the first to sell. Trgurile din Champagne de asemenea au jucat un rol semnificativ n economia Europei medievale. Rivka previously served as Director of Strategic Initiatives with the Association of Reproductive Health Professionals and as United States Program Director with Ipas, a global nonprofit organization supporting womens health rights. I lead a team that helps foundations, government, and corporations strategically prioritize Black and Brown leadership to redistribute money, accelerate impact, increase profitability, and deepen mission fulfillment.
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