Orchid Island Capital Boosts Buyback Authorization by 13.3%; BVPS Rises 2.8%
ORC•Orchid Island Capital’s board approved increasing its stock repurchase authorization by 25,000,000 shares to a total of 26,612,580 shares, representing 13.3% of outstanding common stock. The company estimates its book value per share at $7.24 to $7.28 as of June 18, marking a 2.3%–2.8% rise since March 31.
1. Expanded Stock Repurchase Program
Orchid Island Capital’s board authorized an additional 25,000,000 shares under its existing repurchase program, bringing the total to 26,612,580 shares, or 13.3% of its currently outstanding common stock. Repurchases may occur in open market trades, block purchases, privately negotiated transactions, or under Rule 10b5-1 plans, with timing and volume at management’s discretion.
2. Book Value per Share Estimate
As of June 18, 2026, the company estimates its book value per share at $7.24 to $7.28, an increase of 2.3% to 2.8% since March 31. These preliminary, unaudited estimates are subject to change and may differ materially from the actual June 30 book value, with no obligation for the company to update them.
