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

Bimini Capital Management (OTCMKTS:BMNM) announced its quarterly earnings results on Thursday. The financial services provider reported $0.04 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

Shares of OTCMKTS BMNM remained flat at $2.65 during mid-day trading on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.04. The company’s 50-day simple moving average is $2.44 and its two-hundred day simple moving average is $2.80. The company has a market capitalization of $26.67 million, a P/E ratio of 4.42 and a beta of 0.16. Bimini Capital Management has a 52-week low of $0.99 and a 52-week high of $3.89.

About Bimini Capital Management

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.