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Chimera Investment Corp. (NYSE:CIM) Insider William B. Dyer acquired 15,000 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The shares were purchased at an average price of $3.24 per share, with a total value of $48,600.00. Following the acquisition, the insider now directly owns 114,649 shares of the company’s stock, valued at approximately $371,463. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Chimera Investment Corp. (NYSE:CIM) remained flat at $3.25 during trading on Monday. 3,596,281 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’s 50-day moving average is $3.18 and its 200-day moving average is $3.14. The company has a market cap of $3.339 billion and a P/E ratio of 9.85.

Chimera Investment Corp. (NYSE:CIM) last released its 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 $0.39 earnings per share for the current fiscal year.

A number of research firms have recently commented on CIM. Analysts at Zacks downgraded shares of Chimera Investment Corp. to a “neutral” rating in a research note on Friday. They now have a $3.30 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Chimera Investment Corp. from $3.00 to $3.10 in a research note on Friday. They now have a “market perform” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $3.19.

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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