Atria Wealth Solutions Inc. cut its holdings in Chimera Investment Co. (NYSE:CIM - Free Report) by 65.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,015 shares of the real estate investment trust's stock after selling 18,610 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Chimera Investment were worth $140,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Prospera Private Wealth LLC acquired a new stake in shares of Chimera Investment in the 3rd quarter valued at about $65,000. Simplify Asset Management Inc. bought a new position in Chimera Investment in the third quarter worth approximately $158,000. Investment Partners Asset Management Inc. acquired a new stake in Chimera Investment in the fourth quarter valued at approximately $183,000. Virtu Financial LLC bought a new stake in shares of Chimera Investment during the third quarter valued at approximately $186,000. Finally, BostonPremier Wealth LLC bought a new position in shares of Chimera Investment in the 4th quarter worth $204,000. 48.44% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of $14.91 per share, with a total value of $745,500.00. Following the acquisition, the executive now owns 100,000 shares of the company's stock, valued at $1,491,000. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.91% of the company's stock.
Chimera Investment Stock Down 0.7 %
Chimera Investment stock traded down $0.10 during trading on Thursday, hitting $13.81. 124,572 shares of the company were exchanged, compared to its average volume of 562,017. 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 business's 50 day moving average is $14.27 and its 200 day moving average is $14.91. Chimera Investment Co. has a 52 week low of $11.28 and a 52 week high of $16.89. The company has a market capitalization of $1.12 billion, a P/E ratio of 12.78 and a beta of 1.76.
Chimera Investment (NYSE:CIM - Get Free Report) last announced its earnings results 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%. Analysts predict that Chimera Investment Co. will post 1.57 earnings per share for the current year.
Chimera Investment Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.72%. The ex-dividend date was Tuesday, December 31st. Chimera Investment's payout ratio is 137.04%.
Analyst Upgrades and Downgrades
A number of analysts have commented on CIM shares. StockNews.com lowered 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 research report on Thursday, January 23rd.
Get Our Latest Stock Analysis on CIM
About Chimera Investment
(
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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