JPMorgan Chase & Co. Reduces Stock Position in Chimera Investment Co. (NYSE:CIM)

JPMorgan Chase & Co. decreased its holdings in Chimera Investment Co. (NYSE:CIM - Free Report) by 21.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,830 shares of the real estate investment trust's stock after selling 47,102 shares during the quarter. JPMorgan Chase & Co. owned about 0.21% of Chimera Investment worth $2,657,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CIM. Quarry LP raised its stake in shares of Chimera Investment by 1,188.3% in the second quarter. Quarry LP now owns 2,203 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 2,032 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in Chimera Investment during the 3rd quarter valued at approximately $65,000. Simplify Asset Management Inc. purchased a new stake in shares of Chimera Investment in the 3rd quarter valued at $158,000. Virtu Financial LLC acquired a new stake in shares of Chimera Investment in the third quarter worth $186,000. Finally, Moloney Securities Asset Management LLC raised its holdings in shares of Chimera Investment by 14.1% during the third quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust's stock worth $220,000 after purchasing an additional 1,719 shares during the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chimera Investment

In related news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of the business's stock in a transaction dated Monday, December 9th. The stock was acquired at an average price of $14.91 per share, with a total value of $745,500.00. Following the completion of the purchase, the executive now directly owns 100,000 shares of the company's stock, valued at approximately $1,491,000. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.91% of the stock is owned by corporate insiders.

Chimera Investment Stock Performance

NYSE:CIM traded up $0.14 during mid-day trading on Tuesday, hitting $14.44. The company's stock had a trading volume of 306,861 shares, compared to its average volume of 482,880. The business's fifty day moving average is $14.49 and its two-hundred day moving average is $14.95. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 4.38 and a beta of 1.70. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. Chimera Investment Co. has a 1 year low of $11.28 and a 1 year high of $16.89.

Chimera Investment (NYSE:CIM - Get Free Report) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $195.30 million for the quarter, compared to analyst estimates of $69.90 million. Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. During the same period last year, the business earned $0.39 earnings per share. Analysts anticipate that Chimera Investment Co. will post 1.47 EPS for the current fiscal year.

Chimera Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 10.25%. Chimera Investment's dividend payout ratio is currently 44.85%.

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.