Leeward Investments LLC MA cut its stake in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 36.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 544,120 shares of the real estate investment trust's stock after selling 315,835 shares during the quarter. Leeward Investments LLC MA owned approximately 0.67% of Chimera Investment worth $7,618,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of CIM. Wolverine Asset Management LLC increased its holdings in Chimera Investment by 28.8% during the 4th quarter. Wolverine Asset Management LLC now owns 190,895 shares of the real estate investment trust's stock worth $2,673,000 after purchasing an additional 42,741 shares during the period. Handelsbanken Fonder AB boosted its position in Chimera Investment by 51.5% during the 4th quarter. Handelsbanken Fonder AB now owns 26,487 shares of the real estate investment trust's stock valued at $371,000 after acquiring an additional 9,000 shares in the last quarter. AlphaCentric Advisors LLC increased its holdings in shares of Chimera Investment by 256.6% in the 4th quarter. AlphaCentric Advisors LLC now owns 50,000 shares of the real estate investment trust's stock valued at $700,000 after acquiring an additional 35,978 shares during the period. Investment Partners Asset Management Inc. bought a new position in shares of Chimera Investment in the 4th quarter worth $183,000. Finally, Van ECK Associates Corp lifted its stake in shares of Chimera Investment by 18.9% during the 4th quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust's stock worth $10,746,000 after purchasing an additional 122,088 shares during the last quarter. 48.44% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Chimera Investment
In other news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of the stock in a transaction on Friday, December 6th. The stock was bought at an average price of $14.70 per share, with a total value of $735,000.00. Following the transaction, the executive now owns 50,000 shares in the company, valued at $735,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
CIM has been the subject of a number of recent research reports. StockNews.com downgraded shares of Chimera Investment from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. JMP Securities reiterated a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd.
Read Our Latest Stock Report on CIM
Chimera Investment Stock Up 0.3 %
Shares of Chimera Investment stock traded up $0.05 during trading on Thursday, reaching $14.06. The company's stock had a trading volume of 437,733 shares, compared to its average volume of 570,232. Chimera Investment Co. has a 1-year low of $11.28 and a 1-year high of $16.89. The company has a 50-day simple moving average of $14.29 and a two-hundred day simple moving average of $14.93. The company has a quick ratio of 3.03, a current ratio of 0.06 and a debt-to-equity ratio of 2.82. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 13.01 and a beta of 1.71.
Chimera Investment (NYSE:CIM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share 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 analysts forecast that Chimera Investment Co. will post 1.57 earnings per share for the current year.
Chimera Investment Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.53%. The ex-dividend date was Tuesday, December 31st. Chimera Investment's dividend payout ratio is presently 137.04%.
Chimera Investment Profile
(
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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