Chimera Investment Corporation (CIM) : Tegean Capital Management has sold out all of its stake in Chimera Investment Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 325,000 shares of Chimera Investment Corporation which is valued at $5,317,000.
Other Hedge Funds, Including , Cubist Systematic Strategies sold out all of its stake in CIM during the most recent quarter. The investment firm sold 44,887 shares of CIM which is valued $734,351.Bbr Partners boosted its stake in CIM in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 12,926 shares of Chimera Investment Corporation which is valued at $211,469. Chimera Investment Corporation makes up approx 0.04% of Bbr Partners’s portfolio. Citadel Advisors sold out all of its stake in CIM during the most recent quarter. The investment firm sold 42,432 shares of CIM which is valued $694,188. Quantbot Technologies Lp sold out all of its stake in CIM during the most recent quarter. The investment firm sold 15,545 shares of CIM which is valued $262,866. First Quadrant L Pca added CIM to its portfolio by purchasing 53,600 company shares during the most recent quarter which is valued at $870,464. Chimera Investment Corporation makes up approx 0.02% of First Quadrant L Pca’s portfolio.
Chimera Investment Corporation closed down -0.03 points or -0.18% at $16.46 with 11,24,755 shares getting traded on Thursday. Post opening the session at $16.5, the shares hit an intraday low of $16.32 and an intraday high of $16.505 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.