Bimini Capital Management (OTCMKTS:BMNM) Releases Earnings Results

Bimini Capital Management (OTCMKTS:BMNM) announced its quarterly earnings data on Thursday. The financial services provider reported $0.10 earnings per share for the quarter, Zacks reports. Bimini Capital Management had a net margin of 30.06% and a return on equity of 52.04%.

Bimini Capital Management Stock Up 3.2%

Shares of BMNM stock traded up $0.10 on Thursday, reaching $3.05. 269 shares of the stock were exchanged, compared to its average volume of 4,593. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.99. The business’s 50 day moving average price is $3.11 and its 200 day moving average price is $2.89. The company has a market capitalization of $30.65 million, a price-to-earnings ratio of 4.77 and a beta of 0.16. Bimini Capital Management has a twelve month low of $1.50 and a twelve month high of $3.89.

Bimini Capital Management Company Profile

Bimini Capital Management, Inc is a financial services company focused on the residential mortgage market. Through its subsidiaries, the company invests in residential mortgage-backed securities, primarily agency securities issued or guaranteed by government-sponsored entities such as Fannie Mae and Freddie Mac.

Bimini also provides investment management and corporate services to affiliated entities, including Orchid Island Capital, Inc, a mortgage real estate investment trust. Its activities are centered on the U.S.