Nfc Investments Lowers stake in Chimera Investment Corporation (CIM)

Chimera Investment Corporation (CIM) : Nfc Investments reduced its stake in Chimera Investment Corporation by 7.59% during the most recent quarter end. The investment management company now holds a total of 923,146 shares of Chimera Investment Corporation which is valued at $13.9 Million after selling 75,825 shares in Chimera Investment Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.Chimera Investment Corporation makes up approximately 6.64% of Nfc Investments’s portfolio.

Other Hedge Funds, Including , Raymond James Associates reduced its stake in CIM by selling 15,178 shares or 12.39% in the most recent quarter. The Hedge Fund company now holds 107,339 shares of CIM which is valued at $1.6 Million. Chimera Investment Corporation makes up approx 0.01% of Raymond James Associates’s portfolio.Gsa Capital Partners Llp boosted its stake in CIM in the latest quarter, The investment management firm added 41,764 additional shares and now holds a total of 121,792 shares of Chimera Investment Corporation which is valued at $1.8 Million. Chimera Investment Corporation makes up approx 0.12% of Gsa Capital Partners Llp’s portfolio.Lsv Asset Management boosted its stake in CIM in the latest quarter, The investment management firm added 12,960 additional shares and now holds a total of 374,380 shares of Chimera Investment Corporation which is valued at $5.6 Million. Chimera Investment Corporation makes up approx 0.01% of Lsv Asset Management’s portfolio.Bronfman E.l. Rothschild boosted its stake in CIM in the latest quarter, The investment management firm added 179 additional shares and now holds a total of 474 shares of Chimera Investment Corporation which is valued at $6,911.

Chimera Investment Corporation opened for trading at $14.94 and hit $15.02 on the upside on Friday, eventually ending the session at $14.93, with a gain of 0.61% or 0.09 points. The heightened volatility saw the trading volume jump to 17,31,729 shares. Company has a market cap of $2,802,809 M.

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.

Investors should note that on May 2, 2016, Chimera Investment Corporation announced a cash dividend of $0.4800. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 29, 2016.

Many Wall Street Analysts have commented on Chimera Investment Corporation. Chimera Investment Corporation was Downgraded by Wells Fargo to ” Underperform” on May 4, 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.

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