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Bimini Capital Managment (NASDAQ:BMNM) Director Frank E. Jaumot acquired 2,887 shares of the company’s stock on the open market in a transaction dated Monday, August 25th. The stock was purchased at an average cost 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 transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Bimini Capital Managment (NASDAQ:BMNM) opened at 1.80 on Wednesday. Bimini Capital Managment has a one year low of $0.11 and a one year high of $1.86. The stock’s 50-day moving average is $1.06 and its 200-day moving average is $0.73. The company has a market cap of $22.2 million and a price-to-earnings ratio of 3.55.

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

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