Fox Run Management L.L.C. purchased a new stake in shares of Chimera Investment Co. (NYSE:CIM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,121 shares of the real estate investment trust's stock, valued at approximately $604,000. Fox Run Management L.L.C. owned 0.05% of Chimera Investment as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. purchased a new stake in shares of Chimera Investment during the 4th quarter worth approximately $65,000. Virtu Financial LLC bought a new stake in shares of Chimera Investment in the third quarter valued at $186,000. Investment Partners Asset Management Inc. purchased a new position in shares of Chimera Investment during the 4th quarter valued at $183,000. BostonPremier Wealth LLC purchased a new stake in Chimera Investment in the 4th quarter worth about $204,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Chimera Investment in the 4th quarter valued at about $249,000. Hedge funds and other institutional investors own 48.44% of the company's stock.
Insider Transactions at Chimera Investment
In related news, Director Gerard Creagh bought 12,500 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the transaction, the director now owns 138,127 shares of the company's stock, valued at approximately $1,838,470.37. The trade was a 9.95 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by insiders.
Chimera Investment Price Performance
Shares of CIM stock traded down $0.16 during trading hours on Tuesday, reaching $13.33. The stock had a trading volume of 608,409 shares, compared to its average volume of 554,341. The stock's fifty day simple moving average is $14.14 and its 200 day simple moving average is $14.73. 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 firm has a market capitalization of $1.08 billion, a PE ratio of 12.34 and a beta of 1.76. Chimera Investment Co. has a 12 month low of $11.29 and a 12 month high of $16.89.
Chimera Investment (NYSE:CIM - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS 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 research analysts predict that Chimera Investment Co. will post 1.57 EPS for the current year.
Chimera Investment Announces Dividend
The firm also recently declared 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 is Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.10%. Chimera Investment's dividend payout ratio (DPR) is presently 137.04%.
Analysts Set New Price Targets
Several research firms have recently weighed in on CIM. Royal Bank of Canada upgraded shares of Chimera Investment to a "moderate buy" rating in a research note on Friday, March 14th. StockNews.com lowered shares of Chimera Investment from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, JMP Securities restated a "market perform" rating on shares of Chimera Investment in a research report on Thursday, January 23rd.
Check Out Our Latest Analysis on CIM
Chimera Investment Company 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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