Bimini Capital Managment, Inc. (BMNM) CEO Buys $99,998.40 in Stock

Bimini Capital Managment, Inc. (OTCMKTS:BMNM) CEO Robert E. Cauley acquired 41,666 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was bought at an average price of $2.40 per share, with a total value of $99,998.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bimini Capital Managment, Inc. (BMNM) remained flat at $$2.40 during midday trading on Wednesday. 97,510 shares of the company’s stock were exchanged, compared to its average volume of 13,179. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.04 and a quick ratio of 0.04. Bimini Capital Managment, Inc. has a one year low of $2.33 and a one year high of $3.00. The company has a market cap of $30.47, a price-to-earnings ratio of 10.00 and a beta of 1.51.

Bimini Capital Managment (OTCMKTS:BMNM) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.12 EPS for the quarter. Bimini Capital Managment had a net margin of 57.73% and a return on equity of 4.26%. The business had revenue of $1.51 million during the quarter.

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About Bimini Capital Managment

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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