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Bimini Capital Managment (NASDAQ:BMNM) Director Frank E. Jaumot purchased 2,887 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were purchased at an average price of $1.64 per share, with a total value of $4,734.68. Following the acquisition, the director now directly owns 524,753 shares in the company, valued at approximately $860,595. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Bimini Capital Managment (NASDAQ:BMNM) traded up 2.86% during mid-day trading on Tuesday, hitting $1.80. 40,445 shares of the company’s stock traded hands. Bimini Capital Managment has a 52-week low of $0.11 and a 52-week high of $1.79. The stock’s 50-day moving average is $1.04 and its 200-day moving average is $0.72. The company has a market cap of $22.2 million and a P/E ratio of 3.45.

Bimini Capital Management, Inc (NASDAQ:BMNM) is organized and operates as a real estate investment trust (REIT).

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