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Chimera Investment Corporation (CIM)

  • Dec. 19, 2013, 4:51 PM
  • Dec. 19, 2013, 4:47 PM
    • Chimera Investment (CIM) is up 3.9% AH after declaring a $0.20 per share special dividend, payable on January 31 to holders of record on January 8.
    • CEO Matthew Lambiase: "By operating at low leverage and by avoiding new issue loan securitizations as credit spreads widened, our book value held up better than most in the turbulent market ... (we) believe that the best use of the company's liquidity at this time is to return a portion to shareholders in a special dividend."
    • "Chimera continues to be positioned defensively and has ample liquidity to take advantage of opportunities that may arise in the potentially tumultuous bond market ahead."
    • Press release
  • Dec. 13, 2013, 6:09 AM
    • Chimera Investment Corporation (CIM) declares $0.09/share quarterly dividend, in line with prior.
    • Forward yield 11.80%.
    • Payable Jan 24; for shareholders of record Dec. 31; ex-div Dec. 27.
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  • Dec. 12, 2013, 9:40 PM
    • Chimera Investment (CIM) holds its quarterly payout steady at $0.09 per share, an annualized yield of 11.8%. The dividends for 2014 Q1 and Q2 are also set at $0.09.
    • Estimated GAAP book value as of September 30 is $3.47 per share; economic book value is estimated at $2.98. This compares to June's estimates of $3.52 and $3.01, respectively.
    • Press release
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  • Dec. 10, 2013, 9:23 AM
    • Chimera (CIM) Head of Investments Christian Woschenko "has resigned to purse other opportunities," says CEO Matthew Lambiase, announcing the promotion of Mohit Marria to the role of CIO.
    • Marria was previously the chief residential mortgage trader at FIDAC, Chimera's external manager.
    • Chimera's stock has gained about 5% over the past few sessions on extraordinarily heavy volume.
    • Press release
  • Dec. 9, 2013, 3:50 PM
    • The mortgage REIT sector (REM +1.5%) takes a breather from heading south today, but it's a low volume effort, with one exception. Chimera Investment's (CIM +3.3%) volume of 22.7M so far this session compares to an average of 6.8M. One trader observes it's the 3rd consecutive session of heavy activity for the stock.
    • Investors still await audited results for 2012 from the company.
    • Related ETFs: MORT, MORL
  • Dec. 6, 2013, 11:42 AM
    • There's a bit of green spreading across the mREIT sector this morning as Treasurys reverse an early plunge following the strong jobs report - the 10-year yield is now off 3 basis points to 2.85% after climbing to 2.93% just after the 8:30 ET release.
    • However, there's no relief for sector leaders Annaly (NLY -1%) and American Capital Agency (AGNC -1.5%), both of  which continue to reel following Goldman's Sell recommendation yesterday - each have carved out new 52-week lows this morning. There may be plenty of players in the mREIT sector, but for the institutional big boys who have the Goldman report on their desks, there's just NLY and AGNC. Others in the red include: Armour (ARR -0.7%) and CYS Investments (CYS -1.1%).
    • Posting gains: Chimera (CIM +0.8%), Invesco (IVR +0.2%), Hatteras (HTS +0.2%), Dynex (DX +0.7%), New York Mortgage (NYMT +0.3%), Apollo Residential (AMTG +0.7%), Javelin (JMI +1.1%), AG Mortgage Investment (MITT +2.3%).
    • Related ETFs: REM, MORT, MORL.
  • Nov. 27, 2013, 12:30 PM
    • Not falling any further behind reporting requirements, Chimera Investment (CIM -0.2%) files its 2012 Q3 quarterly report. Investors await 2012 Q4, audited results for the full year, and then 2013.
    • SEC Form 10-Q
  • Nov. 12, 2013, 4:40 PM
    • Surprising no one, Chimera Investment Group (CIM -0.7%) notifies the SEC and investors it will not be able to file its 10-Q for 2013 Q3 in a timely fashion.
    • The company filed its 2012 Q2 report just 2 weeks ago.
  • Oct. 31, 2013, 4:58 PM
    • Chimera Investment (CIM) catches up a bit, filing its 10-Q for the June 2012 quarter. Investors and regulators still await Qs for the rest of 2012 as well as the (audited) 2012 annual report. Then we can talk about 2013.
    • Shares -0.4% AH.
  • Sep. 20, 2013, 10:22 AM
    • The mREIT (REM -1.7%) stocks sink under another wave of hefty dividend cuts overnight, with the sector gorillas Annaly (NLY -2.6%) and American Capital (AGNC -3%) slashing their payouts by 12.5% and 24% respectively. American Capital however, continues buying back its shares at a discount to book value at a fast pace.
    • American Capital's non-agency cousin, American Capital Mortgage (MTGE -1.2%) cut its dividend 12.5%, and also continues to retire stock below book value. Western Asset Mortgage (WMC +0.7%) held the line on its dividend.
    • Other movers include: Chimera (CIM -1.3%), Hatteras (HTS -1.9%), Capstead (CMO -2.2%), Javelin (JMI -3.3%).
    • Relevant ETFs: MORT, MORL.
  • Sep. 3, 2013, 9:12 AM
    • For now (until the next extension), Chimera (CIM) has until January 31, 2014 to file its quarterly and annual reports from 2012 Q2 on. "The Company continues to work diligently to complete the ongoing work towards becoming current on all of its filings required under applicable securities laws ... The Company will file ... as soon as predictable."
    • Press release.
  • Aug. 23, 2013, 4:27 PM
    • Chimera Investment Corporation (CIM) declares $0.09/share quarterly dividend, in line with previous.
    • Forward yield 12.04%
    • Payable Oct. 31; for shareholders of record Oct. 4; ex-div Oct. 2.
  • Aug. 15, 2013, 9:40 AM
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  • Aug. 14, 2013, 7:45 AM
    • New positions for David Tepper's Appaloosa Management for the quarter ended June 30 include: AXLL, CBI (both common stock and call options), CCL, HTZ, PGEM, TEX, TRN, WWAV.
    • He upped stakes in a number of previously held names, with the most significant additions being BAC, FLR, FWLT, KBR, and PRU.
    • Among those positions cut, the most significant  moves are: AIG, AAPL, BYD, DLPH, CIM, GM (cashed in almost all warrants), LCC, MSFT, and WFT.
    • He eliminated stakes in MFA, SBY, and TWO.
    • A quick take on the overall picture shows a concern with rising rates considering the big cut in his Chimera stake along with the elimination of his positions in MFA Financial, Silver Bay Realty, and Two Harbors.
    • Sources: 13F filing, StreetInsider.
  • Jul. 17, 2013, 12:13 PM
    SandRidge Energy (SD +3.2%) gets a boost as Lee Cooperman presents at the Delivering Alpha conference. Asked which of his best ideas has the highest risk/reward, he says SandRidge is a potential double. The other picks:  ESRX, QCOM, TMO, ABR, ARP, CIM, KFN, TCRD.
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Company Description
Chimera Investment Corp is a specialty finance company. It invests, either directly or indirectly through its subsidiaries, in residential mortgage-backed securities, residential mortgage loans, commercial mortgage loans, & real estate-related securities.
Sector: Financial
Country: United States