Bimini Capital Expands with Majority Stake in TJIM

Bimini Capital Management ( (BMNM) ) has issued an announcement.

On April 1, 2026, Bimini Capital’s wholly owned subsidiary Bimini Advisors Holdings completed the acquisition of 80% of Tom Johnson Investment Management, a registered investment adviser with about $1.63 billion in assets under management. The $12.32 million purchase price was largely paid in cash at closing, with the balance due by the first anniversary, while the selling principal’s trust retained a 20% stake subject to put and call rights after the third anniversary.

As part of the transaction, TJIM’s principal seller, Richard H. Parry, signed a new three-year employment agreement and all existing staff entered new or updated employment arrangements to support retention and alignment. Bimini’s CEO said the deal advances the company’s evolution into a pure asset management firm, providing TJIM with access to public-company infrastructure and capital markets expertise, while both firms’ asset management teams continue operating separately without commingling responsibilities.

The structure allowing Bimini or the seller to trigger a future sale of the remaining 20% interest, contingent on conditions such as TJIM’s profitability, underscores a staged-control approach that ties valuation to performance. For stakeholders, the acquisition broadens Bimini’s product mix beyond mortgage-related securities into broader equity and fixed income mandates, potentially enhancing fee-based revenue diversification while giving TJIM increased visibility and resources through its affiliation with a listed REIT manager.

The most recent analyst rating on (BMNM) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Bimini Capital Management stock, see the BMNM Stock Forecast page.

Spark’s Take on BMNM Stock

According to Spark, TipRanks’ AI Analyst, BMNM is a Neutral.

The score is held back primarily by volatile multi-year financial performance and elevated leverage risk despite a strong 2025 rebound. Technicals are broadly neutral with a modestly positive longer-term trend, while valuation is hard to assess due to missing dividend yield and an uninformative P/E. Recent corporate actions (buyback authorization and the TJIM acquisition plan) add a modest positive offset.

To see Spark’s full report on BMNM stock, click here.

More about Bimini Capital Management

Bimini Capital Management, Inc. is an asset manager specializing in residential mortgage-related securities issued by Fannie Mae, Freddie Mac and Ginnie Mae, using leverage and hedging strategies to manage risk. Through its wholly owned subsidiary Bimini Advisors, LLC, it also serves as the external manager of Orchid Island Capital, Inc., a New York Stock Exchange-listed residential mortgage REIT, and is headquartered in Vero Beach, Florida.

Tom Johnson Investment Management, LLC is a privately held registered investment adviser with approximately $1.63 billion in assets under management across equity and fixed income markets. Its client relationships span individual accounts, sub-advisory mandates and wrap programs, positioning the firm as a diversified asset manager within the broader investment advisory landscape.

Average Trading Volume: 5,263

Technical Sentiment Signal: Buy

Current Market Cap: $27.64M

See more data about BMNM stock on TipRanks’ Stock Analysis page.