Insider Buying: Bimini Capital Managment Director Acquires 7,001 Shares of Stock (BMNM)
Bimini Capital Managment (NASDAQ:BMNM) Director Frank E. Jaumot acquired 7,001 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were purchased at an average cost of $1.50 per share, with a total value of $10,501.50. Following the completion of the transaction, the director now directly owns 527,804 shares of the company’s stock, valued at approximately $791,706. The purchase was disclosed in a filing with the SEC, which is available at this link.
Bimini Capital Managment (NASDAQ:BMNM) traded up 5.59% during mid-day trading on Thursday, hitting $1.70. 8,044 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 $1.86. The stock has a 50-day moving average of $1.16 and a 200-day moving average of $0.77. The company has a market cap of $21.0 million and a price-to-earnings ratio of 3.18.
Bimini Capital Management, Inc (NASDAQ:BMNM) is organized and operates as a real estate investment trust (REIT).
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