Chimera Investment Corporation (CIM) : West Family Investments scooped up 84,500 additional shares in Chimera Investment Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 4,293,875 shares of Chimera Investment Corporation which is valued at $64.6 Million.Chimera Investment Corporation makes up approximately 12.57% of West Family Investments’s portfolio.
Other Hedge Funds, Including , Canada Pension Plan Investment Board sold out all of its stake in CIM during the most recent quarter. The investment firm sold 190,000 shares of CIM which is valued $2.9 Million.Picton Mahoney Asset Management reduced its stake in CIM by selling 45,950 shares or 98.71% in the most recent quarter. The Hedge Fund company now holds 600 shares of CIM which is valued at $9,030.Penserra Capital Management reduced its stake in CIM by selling 484 shares or 19.47% in the most recent quarter. The Hedge Fund company now holds 2,002 shares of CIM which is valued at $30,130.Public Employees Retirement Association Of Colorado reduced its stake in CIM by selling 10 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 70,039 shares of CIM which is valued at $994,554. Chimera Investment Corporation makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.
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.