William Bitting - Orchid Island Independent Director

ORC Stock  USD 7.90  0.03  0.38%   

Director

Mr. William Coleman Bitting serves as Independent Director of Orchid Island Capital, Inc. Mr. Bitting has maintained a private consulting practice focused on REITs since July 2007 since 2013.
Age 54
Tenure 11 years
Address 3305 Flamingo Drive, Vero Beach, FL, United States, 32963
Phone772 231 1400
Webhttps://www.orchidislandcapital.com
Bitting was a Founding Partner and Head of Corporationrationrationrate Finance at Flagstone Securities, a leading investment bank that specialized in mortgage REITs and finance companies, from 2000 to February 2007. Flagstone managed more than 40 equity offerings raising more than $5 billion of equity capital. Flagstone helped clients build investment and liability management practices. Prior to Flagstone, Mr. Bitting held senior equity research positions at Stifel, Nicholas & Co. Inc. and Kidder, Peabody & Co., Inc. Due to his significant capital markets experience and experience analyzing and advising REITs, we believe Mr. Bitting should continue to serve as a member of our Board of Directors.

Orchid Island Management Efficiency

The company has Return on Asset of 0.0109 % which means that on every $100 spent on assets, it made $0.0109 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1055 %, implying that it generated $0.1055 on every 100 dollars invested. Orchid Island's management efficiency ratios could be used to measure how well Orchid Island manages its routine affairs as well as how well it operates its assets and liabilities. As of November 22, 2024, Return On Tangible Assets is expected to decline to -0.0097. The current year's Return On Capital Employed is expected to grow to -0.06. At present, Orchid Island's Asset Turnover is projected to slightly decrease based on the last few years of reporting.
Orchid Island Capital has 3.71 B in debt with debt to equity (D/E) ratio of 7.51, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Orchid Island Capital has a current ratio of 0.12, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Orchid to invest in growth at high rates of return.

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Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities in the United States. 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. Orchid Island Capital (ORC) is traded on New York Stock Exchange in USA. It is located in 3305 Flamingo Drive, Vero Beach, FL, United States, 32963 and employs 10 people. Orchid Island is listed under Mortgage Real Estate Investment Trusts (REITs) category by Fama And French industry classification.

Management Performance

Orchid Island Capital Leadership Team

Elected by the shareholders, the Orchid Island's board of directors comprises two types of representatives: Orchid Island inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Orchid. The board's role is to monitor Orchid Island's management team and ensure that shareholders' interests are well served. Orchid Island's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Orchid Island's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ava Parker, Independent Director
William Bitting, Independent Director
Jerry CPA, VP Treasurer
George Haas, Chief Financial Officer, Chief Investment Officer, Secretary, Director
Robert Cauley, Chairman of the Board, President, Chief Executive Officer
Paula Morabito, Independent Director
George IV, Chief CFO
CFA CPA, Pres Chairman
CPA CFA, President Chairman
Frank Filipps, Lead Independent Director

Orchid Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Orchid Island a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

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When determining whether Orchid Island Capital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Orchid Island's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Orchid Island Capital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Orchid Island Capital Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orchid Island Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
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Is Mortgage Real Estate Investment Trusts (REITs) space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Orchid Island. If investors know Orchid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Orchid Island listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
3.179
Dividend Share
1.44
Earnings Share
1.22
Revenue Per Share
1.292
Quarterly Revenue Growth
1.755
The market value of Orchid Island Capital is measured differently than its book value, which is the value of Orchid that is recorded on the company's balance sheet. Investors also form their own opinion of Orchid Island's value that differs from its market value or its book value, called intrinsic value, which is Orchid Island's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Orchid Island's market value can be influenced by many factors that don't directly affect Orchid Island's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Orchid Island's value and its price as these two are different measures arrived at by different means. Investors typically determine if Orchid Island is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Orchid Island's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.