Bimini Capital Management Q1 2025 Update
Ticker: BMNM · Form: 10-Q · Filed: May 2, 2025 · CIK: 1275477
| Field | Detail |
|---|---|
| Company | Bimini Capital Management, Inc. (BMNM) |
| Form Type | 10-Q |
| Filed Date | May 2, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: real-estate, mbs, advisory-fees
TL;DR
Bimini Capital's MBS portfolio slightly down, advisory fees steady.
AI Summary
Bimini Capital Management, Inc. reported its first quarter 2025 results, ending March 31, 2025. The company's structured MBS portfolio had a notional balance of $16.1 million as of March 31, 2025, down from $16.7 million at the end of 2024. Fees paid by Royal Palm to Bimini Advisors for advisory services were at an annualized rate of 1.5% of capital allocated to Royal Palm's MBS portfolio.
Why It Matters
This filing provides insight into Bimini Capital Management's financial position and operational activities, including the performance of its MBS portfolio and advisory fees.
Risk Assessment
Risk Level: medium — The company operates in the real estate investment trust sector, which can be sensitive to interest rate fluctuations and market conditions.
Key Numbers
- $16.1M — Structured MBS Portfolio Notional Balance (As of March 31, 2025)
- $16.7M — Structured MBS Portfolio Notional Balance (As of December 31, 2024)
- 1.5% — Advisory Fee Rate (Annualized rate paid by Royal Palm to Bimini Advisors)
Key Players & Entities
- BIMINI CAPITAL MANAGEMENT, INC. (company) — Filer
- Royal Palm (company) — Client paying advisory fees
- Bimini Advisors (company) — Advisory service provider
- March 31, 2025 (date) — End of reporting period
- December 31, 2024 (date) — Prior period end date
- $16.1 million (dollar_amount) — Notional balance of structured MBS portfolio
- $16.7 million (dollar_amount) — Notional balance of structured MBS portfolio (prior period)
- 1.5% (dollar_amount) — Annualized advisory fee rate
FAQ
What was the notional balance of Bimini Capital Management's structured MBS portfolio as of March 31, 2025?
The notional balance was $16.1 million as of March 31, 2025.
How did the structured MBS portfolio balance change from December 31, 2024, to March 31, 2025?
The notional balance decreased from $16.7 million as of December 31, 2024, to $16.1 million as of March 31, 2025.
What is the annualized advisory fee rate paid by Royal Palm to Bimini Advisors?
The annualized advisory fee rate is 1.5% of the capital allocated to Royal Palm's MBS portfolio.
What is the primary business of Bimini Capital Management, Inc. according to its SIC code?
Bimini Capital Management, Inc. is in the Real Estate Investment Trusts industry, SIC code 6798.
What was the previous name of Bimini Capital Management, Inc.?
The company was formerly known as Opteum Inc. and Bimini Mortgage Management Inc.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 2, 2025 regarding BIMINI CAPITAL MANAGEMENT, INC. (BMNM).