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Bimini Capital Managment (NASDAQ:BMNM) Director Frank E. Jaumot purchased 7,001 shares of the stock on the open market in a transaction that occurred on Wednesday, September 3rd. The stock was purchased at an average cost of $1.50 per share, with a total value of $10,501.50. Following the purchase, the director now directly owns 527,804 shares in the company, valued at approximately $791,706. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Bimini Capital Managment (NASDAQ:BMNM) traded up 13.38% during mid-day trading on Wednesday, hitting $1.61. 28,264 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 $1.86. The stock’s 50-day moving average is $1.13 and its 200-day moving average is $0.76. The company has a market cap of $19.9 million and a price-to-earnings ratio of 2.80.

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

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