Chimera Investment Corporation (CIM) : Nfc Investments reduced its stake in Chimera Investment Corporation by 7.26% during the most recent quarter end. The investment management company now holds a total of 856,136 shares of Chimera Investment Corporation which is valued at $14,006,385 after selling 67,010 shares in Chimera Investment Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Chimera Investment Corporation makes up approximately 6.22% of Nfc Investments’s portfolio.
Other Hedge Funds, Including , Cetera Advisors boosted its stake in CIM in the latest quarter, The investment management firm added 2,250 additional shares and now holds a total of 21,488 shares of Chimera Investment Corporation which is valued at $351,544. Chimera Investment Corporation makes up approx 0.03% of Cetera Advisors’s portfolio. Private Advisor Group added CIM to its portfolio by purchasing 28,096 company shares during the most recent quarter which is valued at $461,336. Chimera Investment Corporation makes up approx 0.02% of Private Advisor Group’s portfolio. Sg Americas Securities added CIM to its portfolio by purchasing 349,803 company shares during the most recent quarter which is valued at $5,915,169. Chimera Investment Corporation makes up approx 0.04% of Sg Americas Securities’s portfolio.Capital Investment Advisors reduced its stake in CIM by selling 618 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 67,420 shares of CIM which is valued at $1,100,969. Chimera Investment Corporation makes up approx 0.10% of Capital Investment Advisors’s portfolio. Simplex Trading added CIM to its portfolio by purchasing 460 company shares during the most recent quarter which is valued at $7,470.
Chimera Investment Corporation opened for trading at $16.26 and hit $16.34 on the upside on Friday, eventually ending the session at $16.28, with a gain of 0.12% or 0.02 points. The heightened volatility saw the trading volume jump to 9,38,442 shares. Company has a market cap of $3,056 M.
On the company’s financial health, Chimera Investment Corporation reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.53. The company had revenue of $137.87 million for the quarter, compared to analysts expectations of $135.17 million. The company’s revenue was down -7.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.
Investors should note that on Aug 3, 2016, Chimera Investment Corporation announced a cash dividend of $0.4800. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 27, 2016.
Many Wall Street Analysts have commented on Chimera Investment Corporation. Company shares were Reiterated by Deutsche Bank on Aug 9, 2016 to “Hold”, Firm has raised the Price Target to $ 17.50 from a previous price target of $14.50 .
Chimera Investment Corporation is a specialty finance company. The Company through its subsidiaries invests in residential mortgage-backed securities (RMBS) residential mortgage loans commercial mortgage loans real estate-related securities and various other asset classes. The Company is externally managed by Fixed Income Discount Advisory Company.