Callodine Capital Management LP grew its holdings in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 450,000 shares of the real estate investment trust's stock after purchasing an additional 40,000 shares during the quarter. Chimera Investment makes up 1.3% of Callodine Capital Management LP's investment portfolio, making the stock its 26th largest holding. Callodine Capital Management LP owned 0.56% of Chimera Investment worth $6,300,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC purchased a new position in Chimera Investment in the 4th quarter valued at approximately $56,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Chimera Investment during the 4th quarter valued at $65,000. Summit Securities Group LLC bought a new stake in Chimera Investment during the fourth quarter worth about $111,000. Dynamic Technology Lab Private Ltd bought a new position in Chimera Investment during the fourth quarter valued at approximately $170,000. Finally, Investment Partners Asset Management Inc. bought a new stake in Chimera Investment in the fourth quarter worth $183,000. Institutional investors own 48.44% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on CIM shares. JMP Securities reaffirmed a "market perform" rating on shares of Chimera Investment in a research report on Thursday, January 23rd. StockNews.com cut shares of Chimera Investment from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada upgraded shares of Chimera Investment to a "moderate buy" rating in a research note on Friday, March 14th.
View Our Latest Stock Analysis on CIM
Chimera Investment Stock Performance
Shares of CIM stock traded up $0.01 during mid-day trading on Wednesday, reaching $11.67. 314,207 shares of the company's stock traded hands, compared to its average volume of 598,157. The firm has a 50 day moving average price of $12.86 and a two-hundred day moving average price of $14.11. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. Chimera Investment Co. has a 12 month low of $9.85 and a 12 month high of $16.89. The firm has a market capitalization of $944.37 million, a PE ratio of 10.80 and a beta of 1.47.
Chimera Investment (NYSE:CIM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. On average, research analysts forecast that Chimera Investment Co. will post 1.57 EPS for the current year.
Chimera Investment Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 12.68%. The ex-dividend date is Monday, March 31st. Chimera Investment's payout ratio is presently 137.04%.
Insider Activity at Chimera Investment
In other news, Director Gerard Creagh acquired 12,500 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $13.31 per share, with a total value of $166,375.00. Following the acquisition, the director now directly owns 138,127 shares of the company's stock, valued at approximately $1,838,470.37. The trade was a 9.95 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.91% of the stock is owned by corporate insiders.
Chimera Investment Profile
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Free Report)
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.
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