Chimera Investment (NYSE:CIM) Hits New 1-Year Low - Here's What Happened

Chimera Investment Co. (NYSE:CIM - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $10.78 and last traded at $10.99, with a volume of 178101 shares. The stock had previously closed at $11.74.

Analyst Upgrades and Downgrades

CIM has been the topic of a number of recent research reports. JMP Securities reiterated a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Chimera Investment from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada raised shares of Chimera Investment to a "moderate buy" rating in a research report on Friday, March 14th.

Chimera Investment Stock Down 1.6 %

The business has a 50-day simple moving average of $13.36 and a 200-day simple moving average of $14.33. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. The company has a market cap of $865.47 million, a price-to-earnings ratio of 9.90 and a beta of 1.47.

Chimera Investment (NYSE:CIM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share 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%. On average, equities analysts anticipate that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 13.84%. Chimera Investment's dividend payout ratio is presently 137.04%.

Insiders Place Their Bets

In other news, Director Gerard Creagh acquired 12,500 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $13.31 per share, for a total transaction of $166,375.00. Following the transaction, the director now owns 138,127 shares in the company, valued at $1,838,470.37. This represents a 9.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.91% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CIM. Quarry LP boosted its holdings in Chimera Investment by 1,691.7% in the 4th quarter. Quarry LP now owns 3,243 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 3,062 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Chimera Investment by 8,728.6% in the 1st quarter. GAMMA Investing LLC now owns 3,708 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 3,666 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Chimera Investment in the fourth quarter valued at approximately $56,000. Hillsdale Investment Management Inc. acquired a new position in Chimera Investment during the fourth quarter worth $65,000. Finally, Summit Securities Group LLC purchased a new position in Chimera Investment in the fourth quarter worth $111,000. 48.44% of the stock is currently owned by institutional investors and hedge funds.

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.