Bimini Capital Management (OTCMKTS:BMNM) Posts Quarterly Earnings Results

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

Bimini Capital Management Trading Up 3.2%

BMNM stock traded up $0.10 on Thursday, reaching $3.05. The company’s stock had a trading volume of 269 shares, compared to its average volume of 4,593. The business has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $2.90. Bimini Capital Management has a 12-month low of $1.50 and a 12-month high of $3.89. The firm has a market cap of $30.65 million, a PE ratio of 4.77 and a beta of 0.16. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.55 and a current ratio of 0.55.

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.