Chimera Investment Corporation (CIM) was Downgraded by Wells Fargo to ” Underperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on May 4, 2016.
On the company’s financial health, Chimera Investment Corporation reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.53.Analysts expectations of $ 130.08.
Chimera Investment Corporation closed down -0.15 points or -1.06% at $14.05 with 13,04,412 shares getting traded on Monday. Post opening the session at $14.25, the shares hit an intraday low of $14 and an intraday high of $14.25 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 2, 2016, Dennis Mahoney (director) purchased 4,500 shares at $13.11 per share price. According to the SEC, 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.