Last $0.50 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 04/22/14 All times are local (Market data is delayed by at least 15 minutes).

bimini capital management-a (BMNM) Snapshot

Open
$0.58
Previous Close
$0.50
Day High
$0.58
Day Low
$0.50
52 Week High
03/25/14 - $0.75
52 Week Low
10/10/13 - $0.11
Market Cap
5.8M
Average Volume 10 Days
23.8K
EPS TTM
$0.44
Shares Outstanding
12.3M
EX-Date
08/12/11
P/E TM
1.1x
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., Q4 2013 Earnings Call, Mar 11, 2014

Bimini Capital Management, Inc., Q4 2013 Earnings Call, Mar 11, 2014

Bimini Capital Management, Inc. Reports Unaudited Consolidated and Parent Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Bimini Capital Management, Inc. reported unaudited consolidated and parent earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, on consolidated basis, the company reported Interest income of USD 3,021,261 against USD 750,805 a year ago. Net interest income was USD 2,428,815 against USD 342,510 a year ago. Net loss before income tax benefit was USD 584,997 against USD 1,915,649 a year ago. Net loss attributed to the company stockholders was USD 1,605,434 against USD 1,915,649 a year ago. Basic and diluted net loss per share on class A common stock and class B common stock of USD 0.14 against USD 0.18 a year ago. Book value per share was USD 0.15 as on December 31, 2013 against USD 0.33 as on December 31, 2012. For the year, on consolidated basis, the company reported Interest income of USD 9,794,654 against USD 4,238,718 a year ago. Net interest income was USD 7,519,520 against USD 2,753,217 a year ago. Net loss before income tax benefit was USD 3,831,843 against USD 2,029,561 a year ago. Net loss attributed to the company stockholders was USD 2,329,972 against USD 2,029,561 a year ago. Basic and diluted net loss per share on class A common stock and class B common stock of USD 0.21 against USD 0.20 a year ago. For the quarter, on parent basis, the company reported Interest income of USD 215,558 against USD 277,632 a year ago. Net interest expense was USD 67,903 against USD 36,149 a year ago. Net loss was USD 1,605,434 against USD 1,915,649 a year ago. For the year, on parent basis, the company reported Interest income of USD 595,796 against USD 1,540,796 a year ago. Net interest expense was USD 553,134 against net interest income of USD 332,623 a year ago. Net loss was USD 2,329,972 against USD 2,029,561 a year ago.

Bimini Capital Management, Inc. Announces Unaudited Consolidated and Parent Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Bimini Capital Management, Inc. announced unaudited consolidated and parent earnings results for the third quarter and nine months ended September 30, 2013. For the nine months, on the consolidated basis, the company reported interest income of $6,773,393 against $3,487,913 a year ago. Net interest income was $5,090,704 against $2,410,707 a year ago. Net loss before income tax benefit was $3,246,848 against $113,912 a year ago. Net loss was $1,959,694 against $113,912 a year ago. Net loss attributed to the company was $724,540 against $113,912 a year ago. Basic and diluted net loss per share of Class A and B common stock was $0.07 against $0.01 a year ago. For the quarter months, on the consolidated basis, the company reported interest income of $2,767,554 against $1,164,675 a year ago. Net interest income was $2,187,988 against $795,292 a year ago. Net loss before income tax benefit was $146,075 against $761,682 a year ago. Net income was $1,141,079 against net loss of $761,682 a year ago. Net profit attributed to the company was $1,845,270 against $761,682 a year ago. Basic and diluted net income per share of Class A and B common stock was $0.07 against LPS of $0.07 a year ago. Book value per share was $0.29 as on September 30, 2013. For the nine months, on the parent basis, the company reported interest income of $380,237 against $1,263,164 a year ago. Net interest loss was $485,233 against $368,772 a year ago. Net loss was $724,540 against $113,912 a year ago. For the quarter, on the parent basis, the company reported interest income of $216,355 against $467,771 a year ago. Net interest loss was $69,297 against net interest income of $156,769 a year ago. Net income was $1,845,270 against net loss $761,682 a year ago.

 

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Industry Analysis

BMNM

Industry Average

Valuation BMNM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.1x
Price/Book 3.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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