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Chimera Investment Corp. (NYSE:CIM) CFO Robert S. Colligan bought 30,000 shares of the stock on the open market in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $3.21 per share, for a total transaction of $96,300.00. Following the acquisition, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at approximately $96,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CIM has been the subject of a number of recent research reports. 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.

Chimera Investment Corp. (NYSE:CIM) traded up 0.31% during mid-day trading on Thursday, hitting $3.23. 6,835,275 shares of the company’s stock traded hands. Chimera Investment Corp. has a 52 week low of $2.89 and a 52 week 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 price-to-earnings ratio of 9.76.

Chimera Investment Corp. (NYSE:CIM) last issued its quarterly earnings data 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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