• OUR DATA
  • HOOVER'S ONDEMAND
  • OUR BLOG
 

Bimini Capital Management, Inc. Revenue and Financial Data

Bimini Capital Management (formerly Opteum) invests in residential mortgage-backed securities and related securities issued by the likes of Fannie Mae, Freddie Mac, and Ginnie Mae. The real estate investment trust (REIT) manages a portfolio worth more than $100 million, mainly consisting of mortgage-related securities backed by adjustable-rate mortgages. Bimini Capital also invests in fixed-rate mortgage-backed securities and inverse interest-only securities. The company sold its residential mortgage origination business, which consisted of about 25 offices in five states, to Prospect Mortgage in 2007. It also ceased conduit and wholesale lending.

Financials Information for Bimini Capital Management, Inc.

Track this company’s financial condition.
View Company Report
Request Your Free Trial

  • Income Statement
  • Cash Flow
  • Balance Sheet
  • Credit Rating
Income Statement 2012 2011 2010 2009 2008
Revenue $-0.313324 $1.869 $3.206574 $10.186815 $-0.234913
Gross Profit $-0.85999 $1.327242 $2.611855 $9.591241 $-0.9350320000000001
Operating Income $-6.389623 $-5.747568 $-4.614826 $5.691317 $-6.492995
Net Income $-2.029561 $-2.622193 $-1.747531 $45.697048 $-56.376563
Diluted EPS $-0.2 $-0.26 $-0.18 $11.86 $-22.0
Cash Flow (mil) 2012 2011 2010
Cash at the beginning of the year $4.300785 $2.830584 $6.400065
Net Operating Cash $-3.225524 $-3.58231 $-0.799852
Net Investing Cash $-75.24887 $49.78587 $-12.655621
Net Financing Cash $80.766174 $-44.733356 $9.816262
Net Change in Cash $2.291776 $1.470201 $-3.639211
Cash at end of the year $6.592561 $4.300785 $2.830584
Capital Expenditure $-0.009924 $-0.108528 $-0.005624
Assets (mil) 2012 2011 2010
Current Assets
Cash $6.592561 $4.300785 $2.830584
Net Receivables $0.718895 $0.901385 $1.049577
Inventories $ $ $
Other Income Assets $8.112178 $9.025817 $14.082705
Asset Summary
Total Current Assets $15.423634 $14.227987 $17.962866
Net Fixed Assets $3.77431 $3.884056 $3.894717
Other Noncurrent Assets $168.15501 $91.14225 $135.13335
Total Assets $187.35295 $109.254295 $156.99092
Liabilities (mil) 2012 2011 2010
Current Liabilities
Accounts Payable $ $ $
Short Term Debt $ $ $
Other Current Liabilities $6.737565 $7.555288 $8.222472
Liability Summary
Total Current Liabilities $6.737565 $7.555288 $8.222472
Long Term Debt $177.09862 $96.33244 $140.39612
Other Noncurrent Liabilities $0.0 $0.0 $0.0
Total Liabilities $183.83618 $103.887726 $148.61859
Stakeholder's Equity (mil) 2012 2011 2010
Equity
Preferred Stock Equity $0.0 $0.0 $0.0
Common Stock Equity $3.516772 $5.366568 $8.372326
Equity Summary
Total Equity $3.516772 $5.366568 $8.372326
Shares Outstanding 10.68 10.15 9.84

Credit Rating

Low
These businesses have a low projected risk of delinquency and a moderate to low risk of failure.

Need to go deeper? No problem.

  • Save time with complex financial data at your fingertips
  • Access financial statements, SEC filings, earnings estimates, and more
  • Call (866) 473-3932 to talk to a Business Information Consultant