Bimini Capital Management

Name

Bimini Capital Management

Legal name

Bimini Capital Management, Inc.

Website

https://biminicapital.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Mortgage REIT Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Mortgage REIT management
• Asset management services
• Residential mortgage securities
• External REIT management
• Investment advisory services

Headquarters

HQ city

Vero Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Management Fees: Bimini Advisors Holdings receives management fees for serving as external manager of Orchid Island Capital, managing investment portfolios and day-to-day operations. Fees are based on the terms of the management agreement with Orchid's board of directors.
2. Advisory Services Revenue: Revenue from expanded advisory services following the Tom Johnson Investment Management acquisition, managing approximately $1.63 billion in assets across equity and fixed income markets.
3. Expense Reimbursements: Expense reimbursements received for managing Orchid's investment portfolio and providing management team, including officers and support personnel.
4. Investment Portfolio Returns: Returns earned on investments managed for Royal Palm Capital, LLC, a wholly-owned subsidiary with an investment strategy similar to Orchid Island Capital.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Bimini Capital Management is an asset manager that invests in residential mortgage-related securities issued by Fannie Mae, Freddie Mac, and Ginnie Mae. Through its wholly-owned subsidiary Bimini Advisors Holdings, it serves as external manager of Orchid Island Capital (NYSE: ORC), a publicly-traded mortgage REIT, providing investment portfolio management, management personnel, and day-to-day operations in exchange for management fees and expense reimbursements. The company also manages its wholly-owned Royal Palm Capital portfolio and, following the April 2026 acquisition of Tom Johnson Investment Management, offers advisory services across approximately $1.63 billion in equity and fixed-income assets.

Product overview

Bimini Capital Management is a single-asset-management-company with a multi-entity structure. The core offering is residential mortgage-related securities investment management through the parent company, supplemented by two internal subsidiaries (Bimini Advisors Holdings providing external management services, and Royal Palm Capital for direct investment), one externally-managed public REIT (Orchid Island Capital), and one acquired investment adviser (Tom Johnson Investment Management, 80% owned). These entities collectively manage mortgage-backed securities portfolios and provide advisory services, with Bimini Capital serving as the centralized management entity.

Differentiator

Problem solved

Functional benefit

Products and services

• External Management Services for Orchid Island Capital

Quantifiable outcome

• 31% revenue growth over the past twelve months
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Tom Johnson Investment ManagementcoreStrategic or Co-development Partner · 1 April 2026Bimini Capital acquired 80% equity stake in Tom Johnson Investment Management for $12.3 million ($12 million cash at closing, remainder within one year). TJIM manages approximately $1.63 billion in assets across equity and fixed income markets. Bimini may potentially acquire the remaining 20% stake after the third anniversary of closing.
• OTCQXminorChannel Partner/ Reseller/ Distributor · 8 December 2025Bimini Capital Management qualified to trade on the OTCQX Best Market, enhancing visibility among U.S. investors.
• Orchid Island Capital, Inc.coreStrategic or Co-development PartnerBimini Capital, through its wholly-owned subsidiary Bimini Advisors Holdings, serves as the external manager of Orchid Island Capital (NYSE: ORC), a publicly-traded real estate investment trust. Bimini Advisors provides management team, including officers, along with appropriate support personnel and is subject to supervision and oversight of Orchid's board of directors.
• Royal Palm Capital, LLCminorStrategic or Co-development PartnerWholly-owned subsidiary of Bimini Capital Management managed with an investment strategy similar to Orchid Island Capital.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Invesco Mortgage Capital Inc. mREIT sponsored by Invesco with overlapping agency RMBS mandate; comparable from a portfolio perspective though the parent asset manager (Invesco) is broader in scale and capability.
• BlackRock Mortgage-Backed Securities Strategy: Global incumbent asset manager with significant agency and non-agency RMBS mutual fund and SMA capability; relevant large-scale comparable for RMBS portfolio management and institutional distribution.
• KKR Real Estate / KKR Mortgage Finance: Large alternative asset manager with publicly-traded mortgage REIT and broader real estate debt strategies; relevant as a broad incumbent pursuing adjacent real-estate credit mandates.

Direct peers

• AGNC Investment Corp. Nasdaq-listed agency mREIT that pursues similar residential mortgage pass-through and CMO spread strategies, competing for the same investor capital and benchmark relative to Orchid.
• New York Mortgage Trust, Inc. Residential and commercial mortgage-focused REIT with overlapping RMBS exposure; comparable at the strategy and investor base level as an internally-managed mREIT.
• MFA Financial, Inc. Mortgage REIT with significant agency and non-agency residential MBS exposure; relevant comparable for spread-based earnings dynamics in a similar size and capital profile.
• Annaly Capital Management, Inc. Largest U.S. agency mortgage REIT with a comparable agency RMBS spread book; relevant comparable for portfolio construction, hedging, and external-management economics.
• Chimera Investment Corporation: Externally-managed mortgage REIT investing in agency RMBS, non-agency RMBS and residential loans; one of the closest structural analogues to Orchid/Bimini's externally-managed REIT model.
• Two Harbors Investment Corp. Mortgage REIT focused on agency and non-agency RMBS with internal management; comparable strategy profile and a public-market benchmark for mREIT spreads and earnings volatility.
• Orchid Island Capital, Inc. NYSE-listed mortgage REIT externally managed by Bimini Advisors with a near-identical strategy of agency RMBS spread management; directly comparable security/strategy profile and revenue linkage to Bimini's external manager business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bimini Capital Management