UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 59,380 Shares of Chimera Investment Co. (NYSE:CIM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 67.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,621 shares of the real estate investment trust's stock after purchasing an additional 59,380 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of Chimera Investment worth $2,337,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Cetera Advisors LLC bought a new stake in Chimera Investment during the 1st quarter valued at $63,000. Harbour Investments Inc. acquired a new stake in shares of Chimera Investment in the second quarter worth about $796,000. Quarry LP increased 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 period. Arkadios Wealth Advisors increased its stake in shares of Chimera Investment by 121.7% in the second quarter. Arkadios Wealth Advisors now owns 30,028 shares of the real estate investment trust's stock worth $384,000 after purchasing an additional 16,482 shares during the period. Finally, Intech Investment Management LLC bought a new position in Chimera Investment during the third quarter valued at about $320,000. Institutional investors and hedge funds own 48.44% of the company's stock.

Insider Activity at Chimera Investment

In other news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average cost of $14.91 per share, for a total transaction of $745,500.00. Following the purchase, the executive now owns 100,000 shares of the company's stock, valued at approximately $1,491,000. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.91% of the stock is owned by corporate insiders.

Chimera Investment Price Performance

Shares of CIM stock traded up $0.11 during trading hours on Friday, hitting $15.08. The company had a trading volume of 457,179 shares, compared to its average volume of 593,122. Chimera Investment Co. has a 12 month low of $11.28 and a 12 month high of $16.89. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 4.57 and a beta of 1.71. The firm's fifty day moving average is $15.10 and its 200 day moving average is $14.62. The company has a debt-to-equity ratio of 3.93, a quick ratio of 3.03 and a current ratio of 3.03.

Chimera Investment (NYSE:CIM - Get Free Report) last announced 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). Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. The business had revenue of $195.30 million during the quarter, compared to analyst estimates of $69.90 million. During the same period in the previous year, the firm earned $0.39 earnings per share. On average, sell-side analysts predict that Chimera Investment Co. will post 1.47 EPS for the current fiscal year.

Chimera Investment Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.81%. This is an increase from Chimera Investment's previous quarterly dividend of $0.35. Chimera Investment's dividend payout ratio is 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.