Bimini Capital Management (OTCMKTS:BMNM) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Bimini Capital Management Inc. (OTCMKTS:BMNM – Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.79 and traded as high as $2.88. Bimini Capital Management shares last traded at $2.88, with a volume of 104 shares.

Bimini Capital Management Price Performance

The company has a debt-to-equity ratio of 2.04, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s fifty day moving average is $2.79 and its 200-day moving average is $2.71. The stock has a market cap of $29.00 million, a PE ratio of 4.80 and a beta of 0.14.

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Bimini Capital Management (OTCMKTS:BMNM – Get Free Report) last issued its earnings results on Thursday, May 7th. The financial services provider reported $0.08 EPS for the quarter. Bimini Capital Management had a net margin of 32.69% and a return on equity of 56.67%.

Bimini Capital Management announced that its board has approved a stock buyback plan on Thursday, March 12th that permits the company to buyback $2.50 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 7.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

About Bimini Capital Management

(Get Free Report)

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.

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