Welcome to our dedicated page for Bimini Capital Management news (Ticker: BMNM), a resource for investors and traders seeking the latest updates and insights on Bimini Capital Management stock.
Bimini Capital Management, Inc. (BMNM) is a financial services company based in Vero Beach, Florida. Specializing in mortgage-backed securities, the company focuses on investing in residential mortgage assets. Their core business involves the management of portfolios comprising Agency Residential Mortgage-Backed Securities (RMBS) and other mortgage-related assets.
Founded with the mission to generate shareholder value, Bimini Capital Management has established a strategic investment approach that leverages its expertise in the mortgage market. The company’s experienced management team utilizes comprehensive risk assessment techniques to optimize portfolio performance while mitigating potential risks.
Recent achievements include the successful management of their RMBS portfolios, navigating through various market conditions, and maintaining solid financial health. The company has continued to focus on enhancing shareholder returns through efficient capital management and strategic asset allocation.
Bimini Capital Management is known for its transparency and commitment to its stakeholders. Financial reports and updates are regularly published, providing investors with clear insights into the company’s performance and strategic direction. Additionally, the firm has cultivated strong partnerships within the financial sector, further bolstering its market position.
Staying updated with the latest developments and performance metrics is crucial for investors. Bimini Capital Management’s news section is regularly updated with the latest information, ensuring that stakeholders have access to the most current data and company updates.
Bimini Capital Management (OTCQB:BMNM) has announced that it will disclose its second quarter 2024 financial results on Thursday, August 1, 2024, after market close.
Following this, an earnings conference call and live audio webcast will be held on Friday, August 2, 2024, at 10:00 AM ET.
Participants can join the conference call by dialing toll-free at (888) 330-2214, while the live audio webcast will be accessible via the investor relations section of Bimini's website.
An audio archive of the webcast will remain available for 30 days post the call.
Bimini Capital Management, Inc. announced its first quarter 2024 results, highlighting a net income of $0.2 million and a book value per share of $0.83. The company discussed the economic and interest rate cycle, emphasizing uncertainties in the market. Orchid Island Capital reported net income of $19.7 million, impacting Bimini's advisory service revenues. The investment portfolio saw gains and losses, resulting in a net income before taxes of $0.6 million. The company's capital allocation between MBS sub-portfolios and return on invested capital were also detailed.
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