Last $1.72 USD
Change Today +0.09 / 5.52%
Volume 6.8K
BMNM On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

bimini capital management-a (BMNM) Snapshot

Open
$1.62
Previous Close
$1.63
Day High
$1.72
Day Low
$1.62
52 Week High
08/26/14 - $1.86
52 Week Low
12/30/13 - $0.21
Market Cap
21.3M
Average Volume 10 Days
5.4K
EPS TTM
$0.47
Shares Outstanding
12.3M
EX-Date
08/12/11
P/E TM
3.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for BIMINI CAPITAL MANAGEMENT-A (BMNM)

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bimini capital management-a (BMNM) Details

Bimini Capital Management, Inc., a specialty finance company, primarily invests in mortgage-backed securities (MBS). The principal and interest payments of its MBS are guaranteed by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or the Government National Mortgage Association and are backed primarily by single-family residential mortgage loans. It invests primarily in mortgage pass-through certificates, collateralized mortgage obligations, interest-only securities, and inverse interest-only securities representing interest in or obligations backed by pools of mortgage-backed loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Opteum Inc. and changed its name to Bimini Capital Management, Inc. in September 2007. Bimini Capital Management, Inc. was founded in 2003 and is based in Vero Beach, Florida.

Founded in 2003

bimini capital management-a (BMNM) Top Compensated Officers

Chairman, Chief Executive Officer and Secreta...
Total Annual Compensation: $688.3K
President, Chief Financial Officer, Chief Inv...
Total Annual Compensation: $535.8K
Compensation as of Fiscal Year 2013.

bimini capital management-a (BMNM) Key Developments

Bimini Capital Management, Inc. Reports Parent and Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Bimini Capital Management, Inc. reported parent and Consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the parent company reported interest income of $749,018 compared with $216,355 for the same period last year. Net interest income was $434,046 compared with net interest loss of $69,297 for the same period last year. Net income was $346,667 compared with net loss of $1,845,270 for the same period last year. For the nine months, the parent company reported interest income of $1,612,585 compared with $380,237 for the same period last year. Net interest income was $712,991 compared with net interest loss of $485,233 for the same period last year. Net income was $6,045,855 compared with net loss of $724,540 for the same period last year. The company's Book Value Per Share at September 30, 2014 was $0.59. For the quarter on consolidated basis basis interest income of $10,034,747 compared with $2,767,554 for the same period last year. Net interest income was $8,901,391 compared with $2,187,988 for the same period last year. Net income before income tax provision was $6,652,257 compared with net loss before income tax provision $146,075 for the same period last year. Net income attributed to Bimini Capital stockholders was $346,667 or $0.03 basic and diluted per share of class A & B common stock compared with net loss attributed to Bimini Capital stockholders of $1,845,270 or $0.16 basic and diluted per share of class A & B common stock for the same period last year. For the nine months on consolidated basis interest income of $21,270,241 compared with $6,773,393 for the same period last year. Net interest income was $18,465,753 compared with $5,090,704 for the same period last year. Net income before income tax provision was $22,757,880 compared with net loss before income tax provision $3,207,462 for the same period last year.Net income attributed to Bimini Capital stockholders was $6,045,855 or $0.50 basic and diluted per share of class A & B common stock compared with net loss attributed to Bimini Capital stockholders of $724,540 or $0.07 basic and diluted per share of class A & B common stock for the same period last year.

Bimini Capital Management, Inc., Q3 2014 Earnings Call, Nov 04, 2014

Bimini Capital Management, Inc., Q3 2014 Earnings Call, Nov 04, 2014

Bimini Capital Management, Inc. Reports Unaudited Consolidated and Parent Earnings Results of Operations for the Second Quarter and Six Months Ended June 30, 2014

Bimini Capital Management, Inc. reported unaudited consolidated and parent earnings results of operations for the second quarter and six months ended June 30, 2014. For the quarter, on consolidated basis net interest income was $9,564,361 against $2,902,716 a year ago. Net income before income tax (benefit) provision was $16,105,622 against loss of $3,061,386 a year ago. Net income attributed to Bimini Capital stockholders was $5,699,187 or $0.47 basic and diluted per share on class A and B common stock against loss of $2,569,809 or $0.24 basic and diluted per share on class A and B common stock a year ago. For the six-month period, on consolidated basis, net interest income was $6,145,871 against $1,870,458 a year ago. Net income before income tax (benefit) provision was $12,939,811 against loss of $887,621 a year ago. Net income attributed to Bimini Capital stockholders was $3,329,976 or $0.27 basic and diluted per share on class A and B common stock against $200,940 or $0.02 basic and diluted per share on class A and B common stock a year ago. The company's book value per share at June 30, 2014 was $0.55. For the quarter, on parent basis, net interest income was $278,944 against loss of $415,934 a year ago. Net income was $5,699,188 against loss of $2,569,809 a year ago. For the six-month period, on parent basis, net interest income was $232,234 against loss of $236,355 a year ago. Net income was $3,329,977 against $200,940 a year ago.

 

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Industry Analysis

BMNM

Industry Average

Valuation BMNM Industry Range
Price/Earnings 4.4x
Price/Sales 0.7x
Price/Book 2.8x
Price/Cash Flow 4.5x
TEV/Sales NM Not Meaningful
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