earnings
confidence high
sentiment negative
materiality 0.55
Bimini Capital Q2 net loss $0.9M; book value $3.00; July tender offer repurchased 812,879 shares
BIMINI CAPITAL MANAGEMENT, INC.
- Net loss of $0.9M ($0.08 diluted EPS) vs. net income of $3.5M ($0.30 EPS) in Q2 2020.
- Book value per share $3.00 at June 30, 2021, vs. $2.97 at Dec 31, 2020.
- Advisory services revenue from managing Orchid rose 35% YoY to $2.2M.
- Completed $1.5M modified Dutch auction tender offer in July 2021 at $1.85 per share for 812,879 shares.
- MBS portfolio return on invested capital 0.4% for Q2; 3-month CPR was 21.9%.