Chimera Investment Corporation (CIM) Releases Earnings Results, Beats Expectations By $0.05 EPS

Chimera Investment Corporation (CIM) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.58 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.53. Analysts expectations of $130.08 million.

Chimera Investment Corporation opened for trading at $14.02 and hit $14.11 on the upside on Wednesday, eventually ending the session at $14.1, with a gain of 0.43% or 0.06 points. The heightened volatility saw the trading volume jump to 14,22,184 shares. Company has a market cap of $2,647 M.

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.

Chimera Investment Corporation

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