Chimera Investment Corp. Insider Purchases $48,600 in Stock (CIM)
Chimera Investment Corp. (NYSE:CIM) Insider William B. Dyer bought 15,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $3.24 per share, with a total value of $48,600.00. Following the purchase, the insider now directly owns 114,649 shares in the company, valued at approximately $371,463. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Chimera Investment Corp. (NYSE:CIM) opened at 3.24 on Wednesday. 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 $3.19 and a 200-day moving average of $3.14. The company has a market cap of $3.329 billion and a price-to-earnings ratio of 9.85.
Chimera Investment Corp. (NYSE:CIM) last announced its earnings results on Monday, August 11th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Analysts expect that Chimera Investment Corp. will post $0.39 EPS for the current fiscal year.
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, August 15th. 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, August 15th. 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, August 14th. 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 issued a hold rating and one has given a buy rating to the company. Chimera Investment Corp. currently has an average rating of “Hold” and a consensus 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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