Cadent Capital Advisors LLC Sells 92,138 Shares of Chimera Investment Co. (NYSE:CIM)

Cadent Capital Advisors LLC reduced its stake in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 34.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 174,033 shares of the real estate investment trust's stock after selling 92,138 shares during the quarter. Chimera Investment comprises 0.8% of Cadent Capital Advisors LLC's portfolio, making the stock its 28th biggest position. Cadent Capital Advisors LLC owned 0.22% of Chimera Investment worth $2,436,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp increased its holdings in shares of Chimera Investment by 0.4% in the third quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust's stock worth $31,010,000 after acquiring an additional 7,595 shares in the last quarter. Geode Capital Management LLC increased its stake in Chimera Investment by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,859,330 shares of the real estate investment trust's stock worth $29,439,000 after purchasing an additional 32,835 shares in the last quarter. Leeward Investments LLC MA raised its holdings in Chimera Investment by 1.7% during the 3rd quarter. Leeward Investments LLC MA now owns 859,955 shares of the real estate investment trust's stock worth $13,613,000 after buying an additional 14,622 shares during the period. Barclays PLC lifted its stake in Chimera Investment by 301.6% in the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust's stock valued at $2,901,000 after buying an additional 137,655 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Chimera Investment by 67.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,621 shares of the real estate investment trust's stock worth $2,337,000 after buying an additional 59,380 shares in the last quarter. 48.44% of the stock is owned by institutional investors.

Insider Activity at Chimera Investment

In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of the company's stock in a transaction dated Monday, December 9th. The stock was bought at an average cost of $14.91 per share, for a total transaction of $745,500.00. Following the completion of the transaction, the executive now owns 100,000 shares in the company, valued at approximately $1,491,000. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.91% of the stock is owned by company insiders.

Chimera Investment Stock Up 0.1 %

NYSE CIM traded up $0.02 during trading on Monday, hitting $13.66. The stock had a trading volume of 649,097 shares, compared to its average volume of 532,016. The company has a debt-to-equity ratio of 3.93, a quick ratio of 3.03 and a current ratio of 3.03. Chimera Investment Co. has a 12 month low of $11.28 and a 12 month high of $16.89. The company has a market capitalization of $1.10 billion, a PE ratio of 4.14 and a beta of 1.70. The company's 50-day moving average price is $14.61 and its two-hundred day moving average price is $14.89.

Chimera Investment (NYSE:CIM - Get Free Report) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. The company had revenue of $195.30 million during the quarter, compared to analyst estimates of $69.90 million. During the same period in the prior year, the firm posted $0.39 EPS. As a group, sell-side analysts forecast that Chimera Investment Co. will post 1.47 EPS for the current year.

Chimera Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 10.83%. The ex-dividend date of this dividend is Tuesday, December 31st. Chimera Investment's dividend payout ratio (DPR) is presently 44.85%.

Chimera Investment Company Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.