Y Intercept Hong Kong Ltd purchased a new position in shares of Chimera Investment Co. (NYSE:CIM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 33,410 shares of the real estate investment trust's stock, valued at approximately $468,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its position in Chimera Investment by 301.6% in the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust's stock valued at $2,901,000 after purchasing an additional 137,655 shares during the period. Van ECK Associates Corp grew its stake in shares of Chimera Investment by 18.9% in the fourth quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust's stock valued at $10,746,000 after buying an additional 122,088 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Chimera Investment by 67.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,621 shares of the real estate investment trust's stock valued at $2,337,000 after buying an additional 59,380 shares during the period. Wolverine Asset Management LLC lifted its stake in Chimera Investment by 28.8% during the 4th quarter. Wolverine Asset Management LLC now owns 190,895 shares of the real estate investment trust's stock worth $2,673,000 after acquiring an additional 42,741 shares in the last quarter. Finally, Manning & Napier Advisors LLC boosted its holdings in Chimera Investment by 66.7% during the 4th quarter. Manning & Napier Advisors LLC now owns 100,000 shares of the real estate investment trust's stock valued at $1,400,000 after acquiring an additional 40,000 shares during the period. 48.44% of the stock is owned by institutional investors and hedge funds.
Chimera Investment Stock Down 0.5 %
NYSE:CIM traded down $0.08 during midday trading on Thursday, reaching $13.83. The company had a trading volume of 143,653 shares, compared to its average volume of 563,087. 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 $1.12 billion, a price-to-earnings ratio of 12.78 and a beta of 1.76. 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 stock's fifty day simple moving average is $14.27 and its 200-day simple moving average is $14.91.
Chimera Investment (NYSE:CIM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal 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 issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.71%. The ex-dividend date was Tuesday, December 31st. Chimera Investment's dividend payout ratio (DPR) is presently 137.04%.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. StockNews.com lowered shares of Chimera Investment from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. JMP Securities reaffirmed a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd.
Get Our Latest Research Report on Chimera Investment
Insider Buying and Selling at Chimera Investment
In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of $14.91 per share, with a total value of $745,500.00. Following the transaction, the executive now owns 100,000 shares in the company, valued at $1,491,000. The trade was a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.91% of the company's stock.
Chimera Investment Profile
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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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