Bimini Capital Managment, Inc. (BMNM) Director Buys $13,300.00 in Stock
Bimini Capital Managment, Inc. (OTCMKTS:BMNM) Director Robert J. Dwyer purchased 5,000 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were bought at an average cost of $2.66 per share, for a total transaction of $13,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Bimini Capital Managment, Inc. (OTCMKTS:BMNM) traded down $0.02 during midday trading on Wednesday, hitting $2.56. The company had a trading volume of 5,248 shares, compared to its average volume of 7,088. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.04 and a current ratio of 0.04. Bimini Capital Managment, Inc. has a 52-week low of $2.41 and a 52-week high of $3.00. The stock has a market capitalization of $33.13, a price-to-earnings ratio of 10.67 and a beta of 1.64.
Bimini Capital Managment (OTCMKTS:BMNM) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.12 earnings per share (EPS) for the quarter. Bimini Capital Managment had a return on equity of 4.26% and a net margin of 57.73%. The firm had revenue of $1.51 million for the quarter.
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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