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 reports recurring developments as an asset manager with advisory services and a portfolio of residential mortgage-related securities. The company’s updates cover operating results, book value and common-share earnings, management fees from serving as external manager of Orchid Island Capital, and activity in Agency RMBS issued by Fannie Mae, Freddie Mac and Ginnie Mae.
Company news also includes changes to its advisory platform, including the completed purchase of an 80% interest in Tom Johnson Investment Management, a registered investment adviser with individual-account, sub-advisory and wrap-program mandates. Governance and capital-structure items include stockholder-rights-plan amendments tied to net operating loss carryforwards and related stockholder voting matters.
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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