Insider Buying: Bimini Capital Managment Director Purchases 15,000 Shares of Stock (BMNM)
Bimini Capital Managment (NASDAQ:BMNM) Director Robert J. Dwyer acquired 15,000 shares of the stock on the open market in a transaction that occurred on Wednesday, June 4th. The shares were purchased at an average price of $0.78 per share, for a total transaction of $11,700.00. Following the transaction, the director now directly owns 912,571 shares of the company’s stock, valued at approximately $711,805. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Bimini Capital Managment (NASDAQ:BMNM) traded up 1.30% during mid-day trading on Friday, hitting $0.78. 1,211 shares of the company’s stock traded hands. Bimini Capital Managment has a one year low of $0.11 and a one year high of $0.92. The stock’s 50-day moving average is $0.6 and its 200-day moving average is $0.45. The company has a market cap of $9.6 million and a P/E ratio of 3.09.
Bimini Capital Management, Inc (NASDAQ:BMNM) is organized and operates as a real estate investment trust (REIT).
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