Chimera Investment Corporation (CIM) : Advisory Services Network scooped up 77,773 additional shares in Chimera Investment Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 101,000 shares of Chimera Investment Corporation which is valued at $1,500,860.Chimera Investment Corporation makes up approximately 0.29% of Advisory Services Network’s portfolio.
Other Hedge Funds, Including , Simplex Trading boosted its stake in CIM in the latest quarter, The investment management firm added 12,893 additional shares and now holds a total of 13,353 shares of Chimera Investment Corporation which is valued at $198,426. Chimera Investment Corporation makes up approx 0.03% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CIM by selling 5,521 shares or 20.7% in the most recent quarter. The Hedge Fund company now holds 21,152 shares of CIM which is valued at $315,165.
Chimera Investment Corporation opened for trading at $14.83 and hit $14.99 on the upside on Friday, eventually ending the session at $14.86, with a gain of 0.41% or 0.06 points. The heightened volatility saw the trading volume jump to 15,28,060 shares. Company has a market cap of $2,790 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.
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.