|Bid||15.30 x 1200|
|Ask||15.48 x 1000|
|Day's Range||12.80 - 16.14|
|52 Week Range||6.60 - 27.60|
|Beta (5Y Monthly)||1.25|
|PE Ratio (TTM)||8.45|
|Forward Dividend & Yield||2.00 (16.29%)|
|Ex-Dividend Date||Feb 26, 2020|
|1y Target Est||N/A|
Chimera Investment Corporation (NYSE: CIM) (the "Company") today announced the pricing of an underwritten public offering of $325 million aggregate principal amount of its 7.00% convertible senior notes due 2023 (the "Notes") at an issue price of 100%, plus accrued interest, if any, from April 13, 2020. The offering is expected to close on April 13, 2020 and is subject to customary closing conditions. The Company has granted the underwriter an option to purchase up to an additional $48.75 million aggregate principal amount of the Notes to cover over-allotments.
Chimera Investment Corporation (NYSE: CIM) (the "Company") today announced that it has commenced an underwritten public offering of $250.0 million aggregate principal amount of convertible senior notes due 2023 (the "Notes"), subject to market and other conditions. The Company expects to grant the underwriter a 13-day option to purchase up to an additional $37.5 million aggregate principal amount of the Notes to cover over-allotments. The Notes will be senior unsecured obligations of the Company.
Chimera (CIM) has seen solid earnings estimate revision activity over the past two months, and belongs to a strong industry as well.
Chimera Investment Corporation ("Chimera" or the "Company") announced that at close of business on March 27, 2020 Chimera estimates that its GAAP book value per share is between $12.25 and $12.75.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Chimera Investment Corporation (NYSE:CIM) shareholders (or potential shareholders) will be happy to see that the...
In light of recent market events, Chimera Investment Corporation ("Chimera" or the "Company") announced a $150 million common stock buyback on March 13th and through March 17th Chimera has repurchased $22 million of its common stock. In addition, Officers and Directors have purchased shares.
Chimera (CIM) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Chimera Investment Corporation (NYSE:CIM) today announced its Board of Directors has authorized the repurchase of up to $150 million of its outstanding common shares. The share repurchase program is expected to be funded through the Company’s existing capital. The repurchase program announced today replaces the Company’s previously disclosed share repurchase program (of which, as of the date hereof, approximately $85 million was available).
Chimera (CIM) delivered earnings and revenue surprises of 25.49% and 20.15%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
The Board of Directors of Chimera announced the declaration of its first quarter cash dividend of $0.50 per common share. The dividend is payable April 30, 2020 to common stockholders of record on March 31, 2020. The ex-dividend date is March 30, 2020.
If you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to...
Shares in Spain’s Actividades de Construccion y Servicios SA and its subsidiary Hochtief AG fell on Thursday after CIMIC Group Ltd. said it would exit the Middle East region and book a large writedown.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
Before we spend days researching a stock idea we like to take a look at how hedge funds and billionaire investors recently traded that stock. Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018. This means hedge funds […]
Chimera Investment Corporation (NYSE:CIM) is a stock with outstanding fundamental characteristics. When we build an...