Revenue Update on Chimera Investment Corporation(NYSE:CIM)

Chimera Investment Corporation(NYSE:CIM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $137.87M. Analysts estimated a revenue of $134.42M. Earnings per share were $0.51. Analysts had estimated an EPS of $0.53.

Chimera Investment Corporation (CIM) made into the market gainers list on Fridays trading session with the shares advancing 0.06% or 0.01 points. Due to strong positive momentum, the stock ended at $16.36, which is also near the day’s high of $16.48. The stock began the session at $16.35 and the volume stood at 9,80,201 shares. The 52-week high of the shares is $16.975 and the 52 week low is $10.89. The company has a current market capitalization of $3,071 M and it has 18,77,29,770 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2016, Dennis Mahoney (director) purchased 4,500 shares at $13.11 per share price.Also, On Mar 2, 2016, Mohit Marria (Chief Investment Officer) purchased 15,000 shares at $13.11 per share price.On Mar 2, 2016, Paul Donlin (director) purchased 20,000 shares at $13.04 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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