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Chimera Investment Corp. (NYSE:CIM) CEO Matthew Lambiase purchased 100,000 shares of Chimera Investment Corp. stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average cost of $3.20 per share, with a total value 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CIM has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Chimera Investment Corp. currently has an average rating of “Hold” and a consensus price target of $3.19.

Chimera Investment Corp. (NYSE:CIM) opened at 3.25 on Monday. Chimera Investment Corp. has a 1-year low of $2.89 and a 1-year 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 9.79.

Chimera Investment Corp. (NYSE:CIM) last released its 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 $0.39 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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