Insider Buying: Chimera Investment Corp. CEO Purchases 100,000 Shares of Stock (CIM)
Chimera Investment Corp. (NYSE:CIM) CEO Matthew Lambiase acquired 100,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of $3.20 per share, for a total transaction of $320,000.00. Following the purchase, the chief executive officer now directly owns 582,000 shares of the company’s stock, valued at approximately $1,862,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on CIM. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Chimera Investment Corp. in a research note on Thursday. They now have a $3.10 price target on the stock, up previously from $3.00. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Chimera Investment Corp. in a research note on Thursday, July 24th. They now have a $3.25 price target on the stock, up previously from $3.00.
Shares of Chimera Investment Corp. (NYSE:CIM) traded up 0.31% on Thursday, hitting $3.23. The stock had a trading volume of 6,835,275 shares. Chimera Investment Corp. has a 1-year low of $2.89 and a 1-year high of $3.34. The stock has a 50-day moving average of $3.18 and a 200-day moving average of $3.14. The company has a market cap of $3.319 billion and a P/E ratio of 9.76.
Chimera Investment Corp. (NYSE:CIM) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.01. On average, analysts predict that Chimera Investment Corp. will post $0.38 earnings per share for the current fiscal year.
Chimera Investment Corporation is a specialty finance company that invests, either directly or indirectly through its subsidiaries, in residential mortgage-backed securities (NYSE:CIM), residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes.
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