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VERO BEACH, FL—Robert J. Dwyer, a director and significant shareholder of Bimini Capital Management, Inc. (OTC:BMNM), recently increased his stake in the company with two separate purchases of Class A common stock. According to a recent SEC filing, Dwyer acquired a total of 452 shares over two transactions on March 12 and March 14, 2025, at a consistent price of $0.95 per share, totaling $429. The purchase price sits between the stock’s 52-week range of $0.65 to $1.16, with InvestingPro analysis indicating the stock is currently slightly undervalued.
These acquisitions bring Dwyer’s total holdings to 1,359,661 shares of Bimini Capital Management. The transactions were conducted directly by Dwyer, emphasizing his continued confidence in the company’s prospects. As a director and a ten percent owner, Dwyer’s investment decisions are closely watched by investors and market analysts alike. The stock has shown strong momentum with a 27% return over the past year, though InvestingPro data reveals high price volatility as a key characteristic. Get access to 12+ additional exclusive insights and comprehensive analysis with an InvestingPro subscription.
Bimini Capital Management, a real estate investment trust, is based in Vero Beach, Florida, and engages in the business of investing in mortgage-related assets. The company operates in the real estate and construction industry, providing shareholders with exposure to the mortgage-backed securities market.
Investors will be observing how these recent transactions align with the company’s strategic initiatives and overall market performance.
In other recent news, Bimini Capital Management reported its financial results for the fourth quarter of 2024, showcasing a notable improvement in net income before taxes, which reached $500,000, compared to a loss of $800,000 in the previous quarter. Despite this progress, the company ended the quarter with a net loss of $1.5 million after a tax provision of $2.1 million. Shareholders’ equity rose to $668.5 million, reflecting a positive shift from the previous quarter’s $656 million. The company’s MDS portfolio experienced substantial growth, increasing by $4 million in the fourth quarter and $29.5 million for the entire year. Bimini Capital’s advisory service revenue also saw a slight rise to $3.4 million from $3.3 million in the third quarter. The company continues to navigate a complex economic landscape with mixed conditions, including falling inflation and a cooling labor market. Analysts from various firms have not provided any upgrades or downgrades in the recent period. These developments highlight Bimini Capital’s efforts to maintain resilience amid economic uncertainties.
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