Posted on 8382
Bimini Capital Management, Inc. (OTCBB:BMNM), (“Bimini Capital,” “Bimini,” or the “Company”) today announced results of operations for the three month period ended December 31, 2020.
Fourth Quarter 2020 Highlights
Income tax benefit of $10.7 million, or $0.92 per common share
Book value per share of $2.97
Company to discuss results on Friday, March 12, 2021, at 10:00 AM ET
Management Commentary
Commenting on the fourth quarter results, Robert E. Cauley, Chairman and Chief Executive Officer, said, “As we sit here today, it is very sobering when we reflect on how much has transpired between March of 2020 and March of 2021. The month that seemed like it would never end finally did, and there were many dark days in between, but we clearly seem to be emerging from this dark episode that none of us will ever forget. The immediate impact of the turmoil in the financial markets last March was
7 Penny Stock Companies That Pay Nice Dividends investorplace.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investorplace.com Daily Mail and Mail on Sunday newspapers.
VERO BEACH, Fla. (BUSINESS WIRE) Bimini Capital Management, Inc. (OTCBB:BMNM) ("Bimini” or the "Company"), today announced that it will release results for the fourth quarter of 2020 following the close of trading on the New York Stock Exchange on Thursday, March 11, 2021. Earnings Conference Call Details An earnings conference call and live audio webcast will
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Ocwen Financial Announces Pricing of $400 Million of Senior Secured Notes Due 2026 by PHH .
Ocwen Financial Corp.February 26, 2021 GMT
WEST PALM BEACH, Fla., Feb. 26, 2021 (GLOBE NEWSWIRE) Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that its subsidiary PHH Mortgage Corporation (“PMC”) priced $400 million aggregate principal amount of 7.875% Senior Secured Notes due 2026 (the “Notes”) at a price to investors of 99.486% of the principal amount thereof. The Notes will be guaranteed on a senior secured basis by the Company and PHH Corporation, the parent company of PMC and subsidiary of the Company (“PHH”).
Quarterly Results
Earnings per share decreased 20.69% year over year to $0.23, which missed the estimate of $0.26.
Revenue of $23,882,000 up by 36.41% from the same period last year, which beat the estimate of $17,400,000.
Outlook
Revenue guidance hasn t been issued by the company for now.
Technicals
Company s 52-week low was at $1.53
Price action over last quarter: Up 8.67%
Company Overview
Orchid Island Capital Inc invests in residential mortgage-backed securities (RMBS) across the United States. The principal and interest payments of its RMBS are guaranteed by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or the Government National Mortgage Association, and are backed by single-family residential mortgage loans. The company s investment portfolio is divided into two categories namely traditional pass-through Agency RMBS; and structured Agency RMBS, such as collateralized mortgage obligations, interest only securities, inverse inter