secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2021-08-12T23:59:59+00:00
Accession:  0001275477-21-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bimini Capital Q2 net loss $0.9M; book value $3.00; July tender offer repurchased 812,879 shares
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000127547721000007/0001275477-21-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000127547721000007/bmnm8k20210812.htm
  HTML page:      https://secwatch.observer/filing/0001275477-21-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer