Notable Insider Trading: Chimera Investment Corporation $CIM

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Chimera Investment Corporation (NYSE:CIM) insider have most recently took part in a trading activity. On Dec 29, 2017 Marria Mohit, Chief Investment Officer bought 3,000 shares having total worth of $77,460 at the price of $25.82 per share, following the transaction a total of 149,801 shares owned by Marria Mohit. Before this latest buy, Marria Mohit purchased CIM at 1 other times during the past twelve months, for a total investment of $118,521 at an average of $17.89 per share.

The stock has experienced a total of 1 insider trades in the past three months. These trades include 1 buy trades. Furthermore, over the past 12 months , the stock was traded 1 times by insiders. an employee of the company was the buyer in 1 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 0 -4.76%
12 Month 1 0 11.51%

Shares of Chimera Investment Corporation (NYSE:CIM) traded down 1.46% on Jan 2, 2018, hitting $18.21. 1,417,401 shares of the company’s stock traded hands. Chimera Investment Corporation has a 52 week low of $14.8 and a 52 week high of $20.83. The company’s market cap is $3,130 million.

Chimera Investment Corporation (NYSE:CIM) last announced its earnings results on Nov 2, 2017. The company reported 0.62 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.60 by $0.02. The company had revenue of $156 million for the quarter, compared to the consensus estimate of $150 million. During the same quarter in the previous year, the company posted 0.68 earnings per share. The company’s revenue for the quarter was up 0% on a year-over-year basis.

2017-11-02 2017-08-02 2017-05-01 2017-02-14 2016-11-01 2016-08-03 2016-05-02 2016-02-17 2015-11-03 2015-08-05
earnings per share 0.62 0.60 0.51 0.65 0.68 0.51 0.58 0.53 0.50 0.53
Revenue(M) 156.46 150.69 141.11 154.09 156.04 137.87 138.21 136.96 143.97 149.76

Chimera Investment Corporation was organized in Maryland on June 1, 2007. The Company commenced operations on November 21, 2007 when it completed its initial public offering. It operates as a specialty finance company that invests in residential mortgage backed securities, or RMBS, residential mortgage loans, real estate-related securities and various other asset classes. It has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. The Company’s objective is to provide attractive risk-adjusted returns to its investors over the long-term, mainly through dividends and secondarily through capital appreciation. It intends to achieve this objective by investing in a class of financial assets to construct an investment portfolio that is designed to achieve attractive risk-adjusted returns and that is structured to comply with the various federal income tax requirements for REIT status. Since it commenced operations in November 2007, it has focused its investment activities on acquiring non-Agency RMBS and on purchasing residential mortgage loans that have been originated by select high-quality originators, including the retail lending operations of commercial banks.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.