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Last $2.23 USD
Change Today -0.01 / -0.45%
Volume 3.4K
BMNM On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

bimini capital management-a (BMNM) Snapshot

Open
$2.24
Previous Close
$2.24
Day High
$2.24
Day Low
$2.13
52 Week High
04/22/15 - $2.25
52 Week Low
04/28/14 - $0.51
Market Cap
27.6M
Average Volume 10 Days
15.2K
EPS TTM
$0.13
Shares Outstanding
12.3M
EX-Date
08/12/11
P/E TM
17.2x
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.

6 Employees
Last Reported Date: 03/16/15
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 for the Fourth Quarter and Full Year Ended December 31, 2014

Bimini Capital Management, Inc. reported unaudited consolidated and parent earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, on parent basis, the company's interest income was $1,021,788 compared to $215,558 a year ago. Net interest income, before interest on junior subordinated notes was $935,130 compared to $181,423 a year ago. Net interest income was $686,945 compared to net interest expense of $67,903 a year ago. Net income was $1,698,988 compared to loss of $1,605,434 a year ago. For the year, on parent basis, the company's interest income was $2,634,373 compared to $595,796 a year ago. Net interest income, before interest on junior subordinated notes was $2,384,553 compared to $442,263 a year ago. Net interest income was $1,399,936 compared to net interest expense of $553,134 a year ago. Net income was $7,744,843 compared to loss of $2,329,972 a year ago. For the quarter, on consolidated basis, the company's interest income was $13,168,245 compared to $3,021,261 a year ago. Net interest income, before interest on junior subordinated notes was $11,955,171 compared to $2,678,141 a year ago. Net interest income was $11,706,986 compared to $2,428,815 a year ago. Net income before income tax benefit was $5,235,700 compared to loss before income tax benefit of $584,997 a year ago. Net income was $5,058,422 compared to loss of $584,997 a year ago. Net income attributed to Bimini Capital stockholders was $1,698,989 compared to loss attributed to Bimini Capital stockholders of $1,605,434 a year ago. Basic and diluted net income per share of: class A common stock was $0.14 compared to loss of $0.14 a year ago. Basic and diluted net income per share of: class B common stock was $0.14 compared to loss of $0.14 a year ago. For the year, on consolidated basis, the company's interest income was $34,438,486 compared to $9,794,654 a year ago. Net interest income, before interest on junior subordinated notes was $31,157,356 compared to $8,514,917 a year ago. Net interest income was $30,172,739 compared to $7,519,520 a year ago. Net income before income tax benefit was $27,993,580 compared to loss before income tax benefit of $3,792,457 a year ago. Net income was $29,871,377 compared to loss of $2,544,689 a year ago. Net income attributed to Bimini Capital stockholders was $7,744,844 compared to loss attributed to Bimini Capital stockholders of $2,329,972 a year ago. Basic and diluted net income per share of: class A common stock was $0.63 compared to loss of $0.21 a year ago. Basic and diluted net income per share of: class B common stock was $0.63 compared to loss of $0.21 a year ago.

Bimini Capital Management, Inc., Q4 2014 Earnings Call, Mar 17, 2015

Bimini Capital Management, Inc., Q4 2014 Earnings Call, Mar 17, 2015

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.

 

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Industry Analysis

BMNM

Industry Average

Valuation BMNM Industry Range
Price/Earnings 3.5x
Price/Sales 0.8x
Price/Book 3.0x
Price/Cash Flow 3.6x
TEV/Sales NM Not Meaningful
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