Orchid Island Capital Inc
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Financials : Mortgage Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company's business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. Its portfolio consists of two categories of Agency RMBS: pass-through Agency RMBS and structured Agency RMBS. It invests in pass-through securities, which are securities secured by residential real property in which payments of both interest and principal on the securities are generally made monthly. The mortgage loans underlying pass-through certificates are classified into three categories, including fixed-rate mortgages, adjustable-rate mortgages (ARMs) and Hybrid ARMs. It invests in structured Agency RMBS, which include collateralized mortgage obligations, interest only securities, inverse interest only securities and principal only securities.

Closing Price
$5.02
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
--
Day's High
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Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
885,428
0

UPDATE: Tesla picks Austin, Texas, as next 'gigafactory' location

6:08 pm ET July 22, 2020 (MarketWatch)
Print

Tesla Inc.'s (TSLA) fourth U.S. factory will be located in the Austin, Texas, area, Chief Executive Elon Musk said on a call with analysts following second-quarter results on Wednesday. The site, about 5 minutes from Austin's airport and 15 minutes from downtown Austin, is about 2,000 acres, and Tesla plans to make it an "ecological paradise" open to the public with boardwalks and trails near the Colorado River, he said. The factory will be "massive" and build the Tesla Cybertruck, a pickup truck, and the Tesla Semi, a long-haul commercial truck as well as Model 3 and Model Y for the East Coast. Tesla will continue to grow in California, with the Fremont factory building the Model S and Model X vehicles for worldwide sales and the Model 3 and Model Y for the western half of North America, Musk said. A future Roadster would also make sense in California, Musk said. "I think this is a nice split between Texas and California," he said. Tesla earlier Wednesday reported a surprise second-quarter profit (http://www.marketwatch.com/story/tesla-reports-surprise-q2-profit-2020-07-22), setting it on course for a future inclusion in the S&P 500 index.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 22, 2020 18:08 ET (22:08 GMT)

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