Bimini Capital Management Inc

OTC:BMNM

Bimini Capital Management, Inc. is a specialty finance company, which engages in the business of investing in residential mortgage-related securities issued by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Government National Mortgage Association. The company is headquartered in Vero Beach, Florida and currently employs 8 full-time employees. The company went IPO on 2004-09-16. The firm invests primarily in residential mortgage-related securities issued by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation and the Government National Mortgage Association. The Company’s operations are classified into two principal reportable segments includes the asset management segment and investment portfolio segment. The asset management segment includes the investment advisory services provided by Bimini Advisors to Orchid and Royal Palm. The company manages a residential mortgage-backed securities (MBS) portfolio for Orchid Island Capital, Inc. (Orchid) and receives fees for providing these services. The company also manages the MBS portfolio of Royal Palm Capital, LLC. The investment portfolio segment includes the investment activities conducted by Company's subsidiary Royal Palm Capital, LLC.