earnings
confidence high
sentiment negative
materiality 0.65
Bimini Capital Q4 2021 net loss of $0.6M; book value $3.08 per share
BIMINI CAPITAL MANAGEMENT, INC.
- Net loss of $0.6M ($0.05/share) vs Q4 2020 net income of $12.1M ($1.04/share).
- Advisory services revenue rose 66% YoY to $3.0M from Orchid's capital growth.
- MBS portfolio had $0.9M mark-to-market loss; Orchid stock fair value dropped $1.0M.
- Book value per share increased to $3.08 from $2.97 a year ago.
- Orchid reduced monthly dividend to $0.055/share from $0.065 in Jan 2022.