LSV Asset Management Buys 204,584 Shares of Chimera Investment Co. (NYSE:CIM)

LSV Asset Management increased its holdings in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 141.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 349,501 shares of the real estate investment trust's stock after purchasing an additional 204,584 shares during the period. LSV Asset Management owned approximately 0.43% of Chimera Investment worth $4,893,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Chimera Investment by 301.6% during the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust's stock worth $2,901,000 after buying an additional 137,655 shares during the last quarter. Prudential Financial Inc. raised its stake in Chimera Investment by 79.0% during the 4th quarter. Prudential Financial Inc. now owns 56,659 shares of the real estate investment trust's stock valued at $793,000 after purchasing an additional 25,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Chimera Investment by 67.3% during the 3rd 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 valued at $2,337,000 after purchasing an additional 59,380 shares during the last quarter. Manning & Napier Advisors LLC boosted its holdings in Chimera Investment by 66.7% in the 4th quarter. Manning & Napier Advisors LLC now owns 100,000 shares of the real estate investment trust's stock valued at $1,400,000 after purchasing an additional 40,000 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Chimera Investment in the 4th quarter worth $468,000. Institutional investors own 48.44% of the company's stock.

Chimera Investment Price Performance

NYSE:CIM traded up $0.36 during mid-day trading on Friday, hitting $11.37. The company's stock had a trading volume of 580,049 shares, compared to its average volume of 598,139. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The stock has a fifty day moving average of $12.96 and a 200-day moving average of $14.17. The company has a market capitalization of $919.69 million, a price-to-earnings ratio of 10.52 and a beta of 1.47. Chimera Investment Co. has a fifty-two week low of $9.85 and a fifty-two week high of $16.89.

Chimera Investment (NYSE:CIM - Get Free Report) last issued 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 return on equity of 7.00% and a net margin of 20.28%. As a group, equities analysts forecast that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 13.02%. The ex-dividend date is Monday, March 31st. Chimera Investment's payout ratio is 137.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Chimera Investment from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. JMP Securities reissued a "market perform" rating on shares of Chimera Investment in a report on Thursday, January 23rd. Finally, Royal Bank of Canada upgraded Chimera Investment to a "moderate buy" rating in a research note on Friday, March 14th.

Insider Buying and Selling

In other Chimera Investment news, Director Gerard Creagh purchased 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $13.31 per share, for a total transaction of $166,375.00. Following the transaction, the director now directly owns 138,127 shares in the company, valued at approximately $1,838,470.37. The trade was a 9.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by corporate insiders.

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.