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

Apple's stock surges above $400 for the first time, adding over $95 billion to its market cap

9:38 am ET July 31, 2020 (MarketWatch)
Print

Shares of Apple Inc. (AAPL) charged 5.8% higher in morning trading Friday to climb above the $400 level for the first time ever, in the wake of the technology behemoth's blowout earnings report (http://www.marketwatch.com/story/apple-beats-on-earnings-and-announces-stock-split-sending-shares-toward-record-high-2020-07-30). The stock has reached an all-time intraday high of $412 after the open before paring some gains. The current price gain is adding about 151 points to the Dow Jones Industrial Average's price, while the Dow is up just 49 points. The price gain is also adding $95.22 billion to Apple's market capitalization, as the company extends its lead as the most valuable U.S. company with a market cap of $1.76 trillion. No less than 20 analysts surveyed by FactSet have raised their stock price targets, with the highest of $480 now belonging to D.A. Davidson's Tom Forte. The average price target is now $397.65, which is 2.3 below current levels. The stock has now run up 38.6% year to date, while the Dow has lost 7.6%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 31, 2020 09:38 ET (13:38 GMT)

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