BofA update shows where active managers are putting money
VERO BEACH, FL—G. Hunter Haas IV, the Chief Financial Officer of Bimini Capital Management, Inc. (OTC:BMNM), has recently increased his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Haas purchased a total of 33,750 shares of Class A Common Stock over two days. The micro-cap company, currently valued at $13.05 million, has seen its stock surge approximately 16% over the past week, according to InvestingPro data.
The transactions, which took place on March 24 and 25, 2025, were executed at prices ranging from $1.10 to $1.30 per share. The cumulative value of these purchases amounts to approximately $42,897. Despite showing strong revenue growth of 23% in the last twelve months, the company faces financial challenges with a high debt-to-equity ratio of 21.2.
Following these transactions, Haas now holds a total of 1,239,639 shares in the company, reflecting his direct ownership. This move by the CFO could be interpreted as a vote of confidence in the company’s future prospects, though it remains to be seen how the market will react to this development.
In other recent news, Bimini Capital Management reported its Q4 2024 financial results, showcasing a notable increase in net income before taxes, which rose to $500,000 from a loss of $800,000 in the previous quarter. Despite this improvement, the company ended the quarter with a net loss of $1.5 million after accounting for a tax provision of $2.1 million. Shareholders’ equity saw a rise to $668.5 million, up from $656 million, reflecting a positive financial trajectory. The MDS portfolio experienced substantial growth, adding $4 million in Q4 and $29.5 million over the full year. Advisory service revenue also increased slightly to $3.4 million, up from $3.3 million in Q3. Analysts from Wilkin Island Capital noted an increase in shareholders’ equity, which could lead to further advisory service revenue growth in the future. CEO Robert Cawley highlighted the fluid economic conditions, mentioning the impact of interest rate levels and Federal Reserve policies. The company remains attentive to economic uncertainties and potential impacts from new administration policies.
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