Insider Buying: Frank E. Jaumot Purchases 7,001 Shares of Bimini Capital Managment Stock (BMNM)
Bimini Capital Managment (NASDAQ:BMNM) Director Frank E. Jaumot acquired 7,001 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were purchased at an average cost of $1.50 per share, for a total transaction of $10,501.50. Following the acquisition, the director now directly owns 527,804 shares of the company’s stock, valued at approximately $791,706. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Bimini Capital Managment (NASDAQ:BMNM) traded up 13.38% during mid-day trading on Wednesday, hitting $1.61. The stock had a trading volume of 28,264 shares. Bimini Capital Managment has a 1-year low of $0.11 and a 1-year high of $1.86. The stock has a 50-day moving average of $1.13 and a 200-day moving average of $0.76. The company has a market cap of $19.9 million and a P/E 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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