Dallas, Texas 02/25/2014 (FINANCIALSTRENDS) – Chimera Investment Corporation (NYSE:CIM) management has engaged in talks with hedge fund Leon Cooperman, following the 13 D filing which reveals stake of 7.58% in the company. Interestingly, the hedge fund did not own any position in this stock as of December 31, 2013.
Apparently Mr.Coopermanhas acquired Issuer Common shares in Chimera Investment Corporation(NYSE:CIM) for the purposes of investments. The Board of Directors of the stock as well as Mr. Cooperman has since discussed the Issuing, as well as the business, strategies and the direction of the stock. The board has also reviewed options and provides direction for the way forward for the stock.
Chimera Investment Corporation(NYSE:CIM) is based out of US and brings real estate investment services through a trust. The company which works through a network of subsidiaries is also involved in residential as well as mortgage-backed securities. These also include commercial as well as mortgage loans, besides residential mortgage loans.
Chimera Investment Corporation(NYSE:CIM) is also known to offer real-estate domain securities, besides a range of other asset classes as well. Previous stock price of the company by the end of trading session is reportedly low. The company has shown that the trading volume is 1,998,787 shares while the average 6.62 million shares was the daily volume.
Chimera Investment Corporation(NYSE:CIM) has a $3.09 stock price and market cap which is valued at $3,18 billion. The outstanding shares for the company have been 1.03 billion. The company is located in New York, is a specialty finance company which operates through subsidiaries.
Chimera Investment Corporation(NYSE:CIM) also Fixed Income Discount Advisory Company is an investment advisor which is currently registered with the Securities and Exchange Commission(SEC). Incidentally, FIDAC is completely owned subsidiary which is engaged by Annaly Capital Management Inc. The investment advisors diverse financial investment services bring value to the investors and stock holders in Chimera Investment Corporation(NYSE:CIM).