Bimini Capital Management Inc. (BMNM) Posts Earnings Results
Bimini Capital Management Inc. (OTCMKTS:BMNM) released its quarterly earnings results on Thursday. The financial services provider reported $0.12 EPS for the quarter, Bloomberg Earnings reports. Bimini Capital Management had a return on equity of 4.29% and a net margin of 57.73%. The firm had revenue of $1.51 million for the quarter.
The firm has a market cap of $33.70 million, a P/E ratio of 11.13 and a beta of 1.70.
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About Bimini Capital Management
Bimini Capital Management, Inc is a specialty finance company. The Company primarily invests in mortgage-backed securities (MBS). The principal and interest payments of these MBS are guaranteed by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or the Government National Mortgage Association (Ginnie Mae), and are backed primarily by single-family residential mortgage loans.
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