Chimera Investment Co. (NYSE:CIM - Get Free Report) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,570,000 shares, a growth of 49.5% from the January 31st total of 1,050,000 shares. Based on an average trading volume of 558,400 shares, the short-interest ratio is presently 2.8 days. Currently, 2.0% of the company's shares are short sold.
Insider Buying and Selling
In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average cost of $14.91 per share, with a total value of $745,500.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.91% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Chimera Investment
Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Chimera Investment by 0.4% in the 3rd quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust's stock valued at $31,010,000 after buying an additional 7,595 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Chimera Investment by 1.8% during the third 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 during the last quarter. Leeward Investments LLC MA increased its position in shares of Chimera Investment by 1.7% during the third quarter. Leeward Investments LLC MA now owns 859,955 shares of the real estate investment trust's stock worth $13,613,000 after purchasing an additional 14,622 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Chimera Investment by 9.6% in the 4th quarter. Northern Trust Corp now owns 800,838 shares of the real estate investment trust's stock valued at $11,212,000 after purchasing an additional 70,362 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Chimera Investment by 9.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 777,228 shares of the real estate investment trust's stock valued at $10,881,000 after buying an additional 69,032 shares during the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.
Chimera Investment Stock Up 1.9 %
Shares of Chimera Investment stock traded up $0.27 during trading hours on Friday, reaching $14.02. 293,105 shares of the company were exchanged, compared to its average volume of 562,406. The firm has a market cap of $1.13 billion, a PE ratio of 12.98 and a beta of 1.76. The stock's fifty day moving average is $14.25 and its 200 day moving average is $14.90. Chimera Investment has a 1 year low of $11.28 and a 1 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 quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate 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 research analysts forecast that Chimera Investment will post 1.57 earnings per share for the current year.
Chimera Investment Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.56%. The ex-dividend date was Tuesday, December 31st. Chimera Investment's dividend payout ratio (DPR) is presently 137.04%.
Analyst Ratings Changes
CIM has been the topic of several research analyst reports. JMP Securities reiterated a "market perform" rating on shares of Chimera Investment in a report on Thursday, January 23rd. StockNews.com cut shares of Chimera Investment from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th.
Read Our Latest Analysis on CIM
Chimera Investment Company Profile
(
Get 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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