Welcome to our dedicated page for Bimini Capital news (Ticker: BMNM), a resource for investors and traders seeking the latest updates and insights on Bimini Capital stock.
Bimini Capital Management, Inc. (BMNM) provides institutional-grade fixed income solutions and advisory services. This news hub offers investors and analysts centralized access to verified corporate developments, strategic initiatives, and financial disclosures.
Track BMNM's latest earnings announcements, portfolio management updates, and regulatory filings. Our curated feed includes press releases on mortgage-backed securities strategies, hedging activities, and management fee structures - all essential for understanding this specialized REIT's market position.
Key updates cover interest rate risk management approaches, repurchase agreement terms, and dividend policy changes. Bookmark this page for real-time insights into BMNM's fixed income operations and advisory service expansions. Check regularly for material events affecting this Florida-based financial services provider.
Bimini Capital Management reported a net loss of $12.0 million, or $1.17 per share, for the fourth quarter of 2022. The company’s book value per share is $1.21, with stockholders' equity decreasing to $12.1 million. Advisory service revenues remained stable at $3.3 million, while income from investments fell. The Agency MBS market saw negative returns of 11.9% for 2022, but a 2.1% recovery in Q4. The company added $2.2 million in new MBS during Q4, with unrealized gains of $0.7 million. Bimini will discuss these results on March 10, 2023.
Bimini Capital Management (BMNM) is set to release its fourth quarter 2022 financial results after market close on March 9, 2023. An earnings conference call will follow on March 10, 2023, at 10:00 AM ET, accessible via a live audio webcast on the company's investor relations site.
Bimini primarily invests in residential mortgage-related securities from Fannie Mae, Freddie Mac, and Ginnie Mae. Its subsidiary, Bimini Advisors, serves as the external manager for Orchid Island Capital (NYSE: ORC), earning management fees and overseeing day-to-day operations.
Bimini Capital Management (OTCQB: BMNM) reported a net loss of $3.2 million ($0.31 per share) for Q3 2022, driven by volatile market conditions and rising interest rates. The book value per share decreased to $2.38, down from $3.08. Advisory service revenue was $3.3 million, while net revenues totaled $3.45 million. The company faced significant losses in its Agency MBS portfolio, with Orchid Island Capital reporting a loss of $84.5 million. Management is focusing on maintaining cash reserves until market conditions stabilize.
Bimini Capital Management, Inc. (OTCQB:BMNM) announced its third-quarter 2022 earnings results, scheduled for release post-market on November 10, 2022. An earnings conference call will follow on November 14, 2022, at 10:00 AM ET. Investors can access the call via a link provided, with a live audio webcast available on the company's investor relations website. Bimini, an asset manager, primarily invests in residential mortgage-related securities and manages Orchid Island Capital, Inc. (NYSE:ORC) through its subsidiary, Bimini Advisors.
Bimini Capital Management, with ticker BMNM, reported a net loss of $1.2 million, or $0.11 per share, for Q2 2022. Book value per share fell to $2.66. The losses stemmed from adverse market conditions, particularly in Agency MBS securities, which underperformed due to rising interest rates driven by inflation concerns. Advisory service revenue reached $3.3 million, contributing to total assets of approximately $93.3 million. Management anticipates potential dividend reductions and reduced management fees due to declines in shareholder equity at Orchid Island Capital, which Bimini advises.
Bimini Capital Management (BMNM) will announce its second quarter 2022 results on August 11, 2022, after market close. An earnings conference call will take place the following day, August 12, 2022, at 10:00 AM ET, accessible via live audio webcast or dial-in registration. Bimini primarily invests in residential mortgage-related securities and serves as the external manager for Orchid Island Capital (ORC), a real estate investment trust. Bimini's management strategy aims at maximizing the yield spread on its assets.
Bimini Capital Management (OTCQB: BMNM) reported a net loss of $3.5 million, or $0.33 per share, for Q1 2022 amid volatile market conditions influenced by rapid Federal Reserve interest rate hikes. The company's book value per share decreased to $2.77. Advisory service revenue was $3.1 million, while the firm faced substantial mark-to-market losses on its investments, including a $3.2 million loss on Orchid shares. The company is focusing on preserving cash and mitigating risks amid a challenging economic landscape impacted by inflation and geopolitical issues.
Bimini Capital Management (OTC: BMNM) announced the release of its first quarter 2022 financial results scheduled for May 12, 2022, after trading hours. An earnings conference call will follow on May 13, 2022, at 10:00 AM ET. Participants can obtain dial-in details through a provided link. Bimini Capital primarily invests in residential mortgage-related securities and manages Orchid Island Capital (NYSE: ORC). The company is headquartered in Vero Beach, Florida.
Bimini Capital Management reported a net loss of $0.6 million, or $0.05 per share, for Q4 2021. The book value per share stands at $3.08. Advisory service revenues increased by 66% year-over-year, driven by Orchid's strong capital growth, which raised approximately $115.5 million in net proceeds. However, the Agency RMBS portfolio saw a 6% decrease, with mark-to-market losses of around $1.9 million. Overall, Bimini anticipates rising funding costs in 2022 due to changing economic conditions linked to Fed policies.
Bimini Capital Management, Inc. (OTCQB:BMNM) will release its fourth quarter 2021 results on March 10, 2022, after trading ends. An earnings conference call and live audio webcast will take place on March 11, 2022, at 10:00 AM ET. Interested participants can find dial-in information and access the webcast via the company’s investor relations page. Bimini primarily invests in residential mortgage-related securities and manages Orchid Island Capital, Inc. (NYSE:ORC) as its external manager.
FAQ
What is the current stock price of Bimini Capital (BMNM)?
What is the market cap of Bimini Capital (BMNM)?
