BIMINI CAPITAL MANAGEMENT, INC. (BMNM) May 2024 Earnings Report

BIMINI CAPITAL MANAGEMENT INC: Investment Report

Overview

Bimini Capital Management, Inc. is a specialty finance company operating in the United States, providing investment advisory services and engaging in investment activities. With a market capitalization of $6.65 million, the company has been relatively stable in the current market conditions. This report provides an in-depth analysis of the company's financial performance, growth prospects, and recent news updates to help investors make informed decisions.

Core Metrics

  • Current price: $0.6603
  • 52-week high: $1.07
  • 52-week low: $0.65
  • Market Cap: $6.65 million
  • P/E Ratio: N/A
  • Earnings per Share: -$0.48
  • 50-day average: $0.83
  • 200-day average: $0.86235
  • Analyst Recommendations: None

Financial Performance

Bimini Capital Management's financial performance has been relatively stable, with a total cash balance of $4.67 million. The company's revenue growth has been negative, with a gross margin of 0.93398005. The company's current stock price is close to its 52-week low, which might indicate a buying opportunity for investors.

Growth Prospects

The company's growth prospects are largely dependent on its ability to maintain its investment portfolio and generate returns. The company's assets under management have been stable, and its investment in residential mortgage-backed securities could provide potential for growth.

News and Updates

Recent news updates include the company's Q1 2024 earnings call transcript, which provides insights into the company's financial performance and future prospects. Additionally, Morningstar has generated a quantitative rating for the company's stocks, and Benzinga has reported on insider buying activity in the company's stock.

Upgrades and Downgrades

There have been no recent upgrades or downgrades for the company's stock.

Summary

In conclusion, Bimini Capital Management, Inc. is a specialty finance company with a stable financial performance and a relatively low market capitalization. While the company's revenue growth has been negative, its investment portfolio and gross margins are stable. With no recent analyst recommendations, investors should carefully consider the company's financial performance and growth prospects before making an investment decision.

Disclosures

The information on this website should not be construed as or relied upon in any manner as investment, legal, tax, or other advice. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Any charts provided here or on other content distribution outlets are for informational purposes only, and should not be relied upon when making any investment decision. Under no circumstances should any information provided on this website or social media platforms be construed as an offer soliciting the purchase or sale of any security, nor should it be construed as an offer to provide investment advisory services.