Insider Buying: Frank E. Jaumot Purchases 2,887 Shares of Bimini Capital Managment Stock (BMNM)
Bimini Capital Managment (NASDAQ:BMNM) Director Frank E. Jaumot bought 2,887 shares of Bimini Capital Managment stock in a transaction dated Monday, August 25th. The stock was purchased at an average cost of $1.64 per share, for a total transaction of $4,734.68. Following the completion of the acquisition, the director now directly owns 524,753 shares in the company, valued at approximately $860,595. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Bimini Capital Managment (NASDAQ:BMNM) traded down 6.04% on Thursday, hitting $1.40. The stock had a trading volume of 11,687 shares. Bimini Capital Managment has a 52 week low of $0.11 and a 52 week high of $1.86. The stock’s 50-day moving average is $1.08 and its 200-day moving average is $0.74. The company has a market cap of $17.3 million and a P/E ratio of 2.94.
Bimini Capital Management, Inc (NASDAQ:BMNM) is organized and operates as a real estate investment trust (REIT).
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