BuybackJun 22, 2026, 05:02 PM
Orchid Island Capital Boosts Buyback by 25M Shares; BVPS $7.24-$7.28
AI Summary
Orchid Island Capital announced that its Board of Directors approved an increase to its stock repurchase program by an additional 25,000,000 shares. This brings the total authorization to repurchase up to 26,612,580 shares, representing approximately 13.3% of the company's outstanding common stock. The company also provided an estimated book value per share of $7.24 to $7.28 as of June 18, 2026, marking an increase of 2.3% to 2.8% since March 31, 2026.
Key Highlights
- Board approved an increase of 25,000,000 shares to the stock repurchase program.
- Total authorization for repurchase is now up to 26,612,580 shares.
- This represents approximately 13.3% of currently outstanding common stock.
- Shares may be purchased in open market, block, or privately negotiated transactions.
- The repurchase program has no termination date and is discretionary.
- Estimated book value per share is approximately $7.24 to $7.28 as of June 18, 2026.
- This represents an increase of approximately 2.3% to 2.8% since March 31, 2026.
Price Impact
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