Chimera Investment Corporation (CIM) : Raiff Partners Inc added new position in Chimera Investment Corporation during the most recent quarter end. The investment management firm now holds 150,000 shares of Chimera Investment Corporation which is valued at $2,454,000 , the company said in a statement filed on Aug 12, 2016 with the SEC.Chimera Investment Corporation makes up approximately 6.85% of Raiff Partners Inc’s portfolio.
Other Hedge Funds, Including , Jefferies Group added CIM to its portfolio by purchasing 14,852 company shares during the most recent quarter which is valued at $242,979. Chimera Investment Corporation makes up approx 0.01% of Jefferies Group’s portfolio.Jennison Associates boosted its stake in CIM in the latest quarter, The investment management firm added 14,824 additional shares and now holds a total of 1,101,074 shares of Chimera Investment Corporation which is valued at $18,619,161. Chimera Investment Corporation makes up approx 0.02% of Jennison Associates’s portfolio.
Chimera Investment Corporation opened for trading at $16.32 and hit $16.45 on the upside on Monday, eventually ending the session at $16.36, with a gain of 0.49% or 0.08 points. The heightened volatility saw the trading volume jump to 8,31,656 shares. Company has a market cap of $3,071 M.
On the company’s financial health, Chimera Investment Corporation reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.53. The company had revenue of $137.87 million for the quarter, compared to analysts expectations of $135.17 million. The company’s revenue was down -7.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.
Investors should note that 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.
Many Wall Street Analysts have commented on Chimera Investment Corporation. Company shares were Reiterated by Deutsche Bank on Aug 9, 2016 to “Hold”, Firm has raised the Price Target to $ 17.50 from a previous price target of $14.50 .
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.