Chimera Investment Corp (CIM): Choudhary Yarlagadda , COO of Chimera Investment Corp purchased 2,305 shares on Sep 9, 2016. The Insider buying transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.10 per share for a total value of $37,110.40 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 2, 2016, Dennis Mahoney (director) purchased 4,500 shares at $13.11 per share price.On Mar 2, 2016, Mohit Marria (Chief Investment Officer) purchased 15,000 shares at $13.11 per share price.Also, On Mar 2, 2016, Paul Donlin (director) purchased 20,000 shares at $13.04 per share price.
Chimera Investment Corporation: On Monday, Sep 12, 2016 heightened volatility was witnessed in Chimera Investment Corporation which led to swings in the share price. The shares opened for trading at $15.98 and hit $16.18 on the upside , eventually ending the session at $16.06, with a gain of 0.19% or 0.03 points. The heightened volatility saw the trading volume jump to 2,971,761 shares. The 52-week high of the share price is $16.975 and the company has a market cap of $3,015 M . The 52-week low of the share price is at $10.89.
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.
Company has been under the radar of several Street Analysts.Chimera Investment Corporation is Reiterated by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 17.50 from a previous price target of $14.50 .The Rating was issued on Aug 9, 2016.
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.