Bimini Capital Management Inc (BMNM)
OTHER OTC:BMNM
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Bimini Capital Management
(OTC:BMNM)
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Rating:54Neutral
Price Target:
$3.00
▼(-12.79% Downside)
Action:ReiteratedDate:04/03/26
The score is driven mainly by average financial quality (improving 2025 results but high historical leverage and volatility) and weak near-term technical momentum. These are partially offset by an inexpensive P/E and positive corporate actions (TJIM acquisition and share repurchase plan) that may improve diversification and risk profile.
Positive Factors
Strategic M&A - TJIM
Buying an 80% stake in a $1.6B-AUM registered adviser materially broadens Bimini’s fee-bearing businesses beyond mortgage securities. That structural shift toward diversified advisory revenue lowers interest-rate sensitivity, builds recurring fees, and creates a platform for organic AUM growth and cross-sell over multiple years.
Negative Factors
Elevated Historical Leverage
A history of extreme leverage creates lasting refinancing and interest-rate sensitivity risks for a mortgage REIT. Even with improvements, elevated leverage (~2.2x) can amplify earnings swings, constrain capital flexibility, and raise the probability that management must opportunistically sell assets or curb growth during adverse markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic M&A - TJIM
Buying an 80% stake in a $1.6B-AUM registered adviser materially broadens Bimini’s fee-bearing businesses beyond mortgage securities. That structural shift toward diversified advisory revenue lowers interest-rate sensitivity, builds recurring fees, and creates a platform for organic AUM growth and cross-sell over multiple years.
Read all positive factors
Bimini Capital Management (BMNM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$26.89M
Dividend YieldN/A
Average Volume (3M)4.68K
Price to Earnings (P/E)2.2
Beta (1Y)0.83
Revenue Growth24.38%
EPS GrowthN/A
CountryUS
Employees10
SectorFinancial
Sector Strength70
IndustryREIT - Mortgage
Share Statistics
EPS (TTM)0.58
Shares Outstanding10,005,457
10 Day Avg. Volume9,938
30 Day Avg. Volume4,679
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)2.35
Price to Sales (P/S)1.26
P/FCF Ratio0.01
Enterprise Value/Market Cap-527.35
Enterprise Value/Revenue-603.75
Enterprise Value/Gross Profit-703.88
Enterprise Value/Ebitda-1.25K
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bimini Capital Management Business Overview & Revenue Model
Company Description
Bimini Capital Management, Inc., through its subsidiaries, engages in the asset management business in the United States. The company operates in two segments, Asset Management and Investment Portfolio. It administers business activities and day-t...
Bimini Capital Management Earnings Call Summary
Earnings Call Date:Jul 31, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture. While there were notable achievements such as the successful capital raising by Orchid and growth in advisory and interest revenues, the company faced challenges with losses in the RMBS segment and modest net income. The market conditions and potential future developments in tariffs and interest rates add uncertainty.Positive Updates
Orchid Capital Raising and Revenue Growth
Orchid was able to raise $139.4 million during the quarter, increasing shareholders' equity from $855.9 million to $912.0 million. This contributed to a 20% increase in advisory service revenues over the second quarter of 2024 and a 6% increase over the first quarter of 2025.
Negative Updates
RMBS Segment Loss
The RMBS segment reported a loss of $1.3 million for the quarter. Additionally, the sector as a whole did not fully recover from market turmoil early in the quarter.
Read all updates
Q2-2025 Updates
Positive
Negative
Orchid Capital Raising and Revenue Growth
Orchid was able to raise $139.4 million during the quarter, increasing shareholders' equity from $855.9 million to $912.0 million. This contributed to a 20% increase in advisory service revenues over the second quarter of 2024 and a 6% increase over the first quarter of 2025.
Read all positive updates
Company Guidance
During the second quarter of 2025, Bimini Capital Management faced challenging market conditions due to reciprocal tariffs announced by the Trump administration, which temporarily affected financial markets and risk assets. Despite these challenges, Bimini reported a modest net income of approximately $43,000 for the quarter. The RMBS segment experienced a loss of $1.3 million, while the advisory services segment generated earnings of $1.9 million. For the first half of 2025, Bimini recorded net income of $0.6 million or $0.06 per share, reflecting an 8.7% return on shareholders' equity. Orchid raised $139.4 million in capital, increasing its shareholders' equity from $855.9 million to $912.0 million. Consequently, Bimini's advisory service revenues increased by 20% over Q2 2024 and 6% over Q1 2025, with a 21% increase for the first half of 2025 compared to the same period in 2024. Although the RMBS portfolio was reduced by $9.8 million early in the quarter, interest revenues rose by 23% over Q2 2024 and by 24% for the first half of 2025. Expenses remained relatively stable, with a 1% increase for the quarter and a 1% decrease for the first half of 2025 compared to 2024. Looking ahead, the company anticipates favorable conditions for RMBS, with stable interest rates and no new adverse tariff developments expected to support sector performance.Bimini Capital Management Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
41
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 23.48M | 13.07M | 17.91M | 15.36M | 14.27M |
| Gross Profit | 21.64M | 13.07M | 10.64M | 15.21M | 14.14M |
| EBITDA | 11.38M | 9.43M | 0.00 | -5.76M | 1.09M |
| Net Income | 5.80M | -1.31M | -3.98M | -19.82M | 275.41K |
Balance Sheet | |||||
| Total Assets | 129.69M | 154.85M | 125.60M | 86.32M | 122.08M |
| Cash, Cash Equivalents and Short-Term Investments | 14.32B | 5.67M | 3.72M | 6.01M | 8.42M |
| Total Debt | 112.67M | 144.55M | 114.30M | 71.23M | 86.32M |
| Total Liabilities | 117.07M | 148.03M | 117.47M | 74.19M | 89.08M |
| Stockholders Equity | 12.62M | 6.82M | 8.13M | 12.12M | 33.00M |
Cash Flow | |||||
| Free Cash Flow | 2.88B | 3.19M | 1.70M | 5.43M | 5.53M |
| Operating Cash Flow | 2.88B | 3.19M | 1.70M | 5.48M | 5.53M |
| Investing Cash Flow | 35.89B | -30.49M | -47.06M | 7.62M | 1.35M |
| Financing Cash Flow | -31.88B | 30.25M | 43.05M | -16.14M | -7.98M |
Bimini Capital Management Technical Analysis
Positive
3.44
Price Trends
3.03
Negative
2.78
Positive
2.01
Positive
Market Momentum
-0.05
Negative
52.08
Neutral
66.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BMNM, the sentiment is Positive. The current price of 3.44 is above the 20-day moving average (MA) of 2.80, above the 50-day MA of 3.03, and above the 200-day MA of 2.01, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 52.08 is Neutral, neither overbought nor oversold. The STOCH value of 66.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BMNM.
Bimini Capital Management Risk Analysis
Bimini Capital Management disclosed 49 risk factors in its most recent earnings report. Bimini Capital Management reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bimini Capital Management Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $49.49M | 9.98 | 11.59% | 9.28% | -9.89% | -8.65% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
57 Neutral | $50.37M | 4.84 | 3.56% | 19.80% | 27.29% | ― | |
55 Neutral | $96.26M | 3.02 | 2.95% | 21.65% | -11.85% | -312.59% | |
54 Neutral | $26.89M | 2.20 | 108.44% | ― | 24.38% | ― | |
47 Neutral | $67.06M | -1.19 | -7.12% | 7.97% | -25.60% | 73.25% | |
46 Neutral | $60.78M | -2.38 | -1.20% | 23.03% | -35.24% | -141.71% |
* Financial Sector Average
BMNM
Bimini Capital Management
2.67
1.77
196.67%
LOAN
Manhattan Bridge Capital
4.33
-0.36
-7.60%
LFT
Lument Finance Trust
1.16
-1.22
-51.32%
CHMI
Cherry Hill Mortgage
2.62
0.13
5.18%
SACH
Sachem Capital
1.05
0.23
28.68%
GPMT
Granite Point Mortgage
1.41
-0.58
-28.97%
Bimini Capital Management Corporate Events
Business Operations and StrategyM&A Transactions
Bimini Capital Expands with Majority Stake in TJIM
Positive
Apr 2, 2026
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. T...
Business Operations and StrategyStock BuybackFinancial DisclosuresM&A Transactions
Bimini Capital Reports Strong Earnings and Strategic Acquisition
Positive
Mar 12, 2026
On March 12, 2026, Bimini Capital Management reported net income of $3.4 million, or $0.34 per share, for the fourth quarter of 2025 and $5.8 million, or $0.58 per share, for the full year, with book value per share at $1.26 as of December 31, 202...
Business Operations and StrategyM&A Transactions
Bimini Capital Buys Majority Stake in TJIM Adviser
Positive
Jan 14, 2026
On January 13, 2026, Bimini Capital Management announced that its wholly owned subsidiary Bimini Advisors Holdings agreed to acquire 80% of Tom Johnson Investment Management, LLC (TJIM), a privately held registered investment adviser with approxim...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.