Bimini Capital Management (OTCMKTS:BMNM) Issues Earnings Results

Bimini Capital Management (OTCMKTS:BMNM) issued its earnings results on Thursday. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, Zacks reports. Bimini Capital Management had a net margin of 32.69% and a return on equity of 56.67%.

Bimini Capital Management Stock Performance

BMNM opened at $2.65 on Friday. The firm has a 50 day simple moving average of $2.44 and a 200 day simple moving average of $2.80. Bimini Capital Management has a fifty-two week low of $0.99 and a fifty-two week high of $3.89. The company has a market cap of $26.66 million, a price-to-earnings ratio of 4.42 and a beta of 0.16. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.09 and a quick ratio of 1.09.

Bimini Capital Management Company Profile

Bimini Capital Management, Inc, through its subsidiaries, operates as a specialty finance company in the United States. The company operates in two segments, Asset Management and Investment Portfolio. The Asset Management segment includes investment advisory services by Bimini Advisors to Orchid Island Capital, Inc and Royal Palm Capital, LLC. The Investment Portfolio segment engages in investment activities conducted by Royal Palm Capital, LLC. It invests in residential mortgage-backed securities.