Gerard Creagh Purchases 12,500 Shares of Chimera Investment Co. (NYSE:CIM) Stock

Chimera Investment Co. (NYSE:CIM - Get Free Report) Director Gerard Creagh purchased 12,500 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $13.31 per share, for a total transaction of $166,375.00. Following the acquisition, the director now directly owns 138,127 shares of the company's stock, valued at $1,838,470.37. This represents a 9.95 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Chimera Investment Trading Up 0.9 %

CIM stock traded up $0.12 during midday trading on Monday, hitting $13.75. 211,584 shares of the company's stock were exchanged, compared to its average volume of 556,489. The company has a market cap of $1.11 billion, a PE ratio of 12.73 and a beta of 1.76. The stock's fifty day moving average price is $14.19 and its 200-day moving average price is $14.83. Chimera Investment Co. has a one year low of $11.28 and a one year high of $16.89. 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 (NYSE:CIM - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. Research analysts predict that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal year.

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Chimera Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.76%. The ex-dividend date was Tuesday, December 31st. Chimera Investment's payout ratio is presently 137.04%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Quarry LP grew its holdings in Chimera Investment by 1,691.7% during the 4th quarter. Quarry LP now owns 3,243 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 3,062 shares during the period. New Age Alpha Advisors LLC bought a new position in Chimera Investment in the 4th quarter valued at about $56,000. Prospera Private Wealth LLC bought a new position in Chimera Investment in the 3rd quarter valued at about $65,000. Hillsdale Investment Management Inc. bought a new position in shares of Chimera Investment during the 4th quarter worth approximately $65,000. Finally, Summit Securities Group LLC bought a new position in shares of Chimera Investment during the 4th quarter worth approximately $111,000. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CIM has been the subject of several recent analyst reports. StockNews.com downgraded Chimera Investment from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. JMP Securities reiterated a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd.

About Chimera Investment

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.