Van ECK Associates Corp Has $10.75 Million Stock Holdings in Chimera Investment Co. (NYSE:CIM)

Van ECK Associates Corp lifted its stake in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 18.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 767,568 shares of the real estate investment trust's stock after acquiring an additional 122,088 shares during the period. Van ECK Associates Corp owned approximately 0.95% of Chimera Investment worth $10,746,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Prospera Private Wealth LLC bought a new stake in shares of Chimera Investment during the third quarter worth $65,000. Simplify Asset Management Inc. bought a new stake in shares of Chimera Investment during the third quarter worth $158,000. Virtu Financial LLC bought a new stake in shares of Chimera Investment during the third quarter worth $186,000. Moloney Securities Asset Management LLC increased its position 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 acquiring an additional 1,719 shares in the last quarter. Finally, BostonPremier Wealth LLC bought a new stake in shares of Chimera Investment during the fourth quarter worth $204,000. Institutional investors own 48.44% of the company's stock.

Chimera Investment Stock Down 0.7 %

Chimera Investment stock traded down $0.10 during mid-day trading on Wednesday, reaching $13.70. The company's stock had a trading volume of 712,168 shares, compared to its average volume of 563,761. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.68 and a beta of 1.71. Chimera Investment Co. has a 12 month low of $11.28 and a 12 month high of $16.89. The business's 50 day simple moving average is $14.39 and its 200 day simple moving average is $14.94. 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 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 6.91%. As a group, research analysts anticipate that Chimera Investment Co. will post 1.57 earnings per share for the current year.

Chimera Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 10.81%. The ex-dividend date was Tuesday, December 31st. Chimera Investment's dividend payout ratio is currently 137.02%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CIM shares. JMP Securities reaffirmed a "market perform" rating on shares of Chimera Investment in a research report on Thursday, January 23rd. StockNews.com downgraded shares of Chimera Investment from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th.

Insider Buying and Selling at Chimera Investment

In other news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of the business's stock in a transaction on Monday, December 9th. The stock was purchased at an average price of $14.91 per share, for a total transaction of $745,500.00. Following the completion of the purchase, the executive now directly owns 100,000 shares in the company, valued at $1,491,000. The trade was a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.91% of the company's stock.

Chimera Investment Profile

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.