Last $1.75 USD
Change Today +0.05 / 2.94%
Volume 26.7K
BMNM On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

bimini capital management-a (BMNM) Snapshot

Open
$1.46
Previous Close
$1.70
Day High
$1.75
Day Low
$1.46
52 Week High
08/26/14 - $1.86
52 Week Low
10/10/13 - $0.11
Market Cap
21.7M
Average Volume 10 Days
9.2K
EPS TTM
$0.86
Shares Outstanding
12.3M
EX-Date
08/12/11
P/E TM
2.0x
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 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.

Bimini Capital Management, Inc., Q2 2014 Earnings Call, Aug 08, 2014

Bimini Capital Management, Inc., Q2 2014 Earnings Call, Aug 08, 2014

Bimini Capital Management, Inc., Q1 2014 Earnings Call, May 14, 2014

Bimini Capital Management, Inc., Q1 2014 Earnings Call, May 14, 2014

 

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BMNM Competitors

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Industry Analysis

BMNM

Industry Average

Valuation BMNM Industry Range
Price/Earnings 3.5x
Price/Sales 1.0x
Price/Book 3.2x
Price/Cash Flow 3.6x
TEV/Sales NM Not Meaningful
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