Chimera Investment Co. (NYSE:CIM) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. trimmed its position in Chimera Investment Co. (NYSE:CIM - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,454,844 shares of the real estate investment trust's stock after selling 151,446 shares during the period. Balyasny Asset Management L.P. owned approximately 1.80% of Chimera Investment worth $20,368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CIM. Quarry LP grew its position in Chimera Investment by 1,691.7% in the 4th quarter. Quarry LP now owns 3,243 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 3,062 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in Chimera Investment in the 4th quarter valued at $56,000. Hillsdale Investment Management Inc. purchased a new position in Chimera Investment in the 4th quarter valued at $65,000. Summit Securities Group LLC purchased a new position in Chimera Investment in the 4th quarter valued at $111,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Chimera Investment in the fourth quarter valued at $170,000. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chimera Investment

In other Chimera Investment news, Director Gerard Creagh bought 12,500 shares of Chimera Investment stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased 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 $1,838,470.37. This represents a 9.95% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Chimera Investment Price Performance

Shares of NYSE:CIM traded up $0.03 during midday trading on Tuesday, hitting $12.94. 132,987 shares of the stock were exchanged, compared to its average volume of 599,038. The stock has a market cap of $1.05 billion, a P/E ratio of 11.98 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. Chimera Investment Co. has a twelve month low of $9.85 and a twelve month high of $16.89. The company has a 50 day moving average price of $12.38 and a 200-day moving average price of $13.78.

Chimera Investment (NYSE:CIM - Get Free Report) last announced its earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. The firm had revenue of $69.22 million during the quarter, compared to the consensus estimate of $72.07 million. On average, research analysts forecast that Chimera Investment Co. will post 1.57 earnings per share for the current year.

Chimera Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 11.44%. The ex-dividend date of this dividend was Monday, March 31st. Chimera Investment's payout ratio is 137.04%.

Wall Street Analyst Weigh In

A number of research firms have commented on CIM. StockNews.com downgraded Chimera Investment from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Royal Bank of Canada raised Chimera Investment to a "moderate buy" rating in a report on Friday, March 14th. Finally, JMP Securities reissued a "market perform" rating on shares of Chimera Investment in a report on Thursday, January 23rd.

Chimera Investment Company 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.