Crossingbridge Advisors LLC Invests $700,000 in Chimera Investment Co. (NYSE:CIM)

Crossingbridge Advisors LLC purchased a new position in shares of Chimera Investment Co. (NYSE:CIM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 50,000 shares of the real estate investment trust's stock, valued at approximately $700,000. Crossingbridge Advisors LLC owned about 0.06% of Chimera Investment at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CIM. New Age Alpha Advisors LLC acquired a new stake in Chimera Investment in the 4th quarter valued at approximately $56,000. Hillsdale Investment Management Inc. purchased a new position in shares of Chimera Investment during the fourth quarter worth $65,000. Summit Securities Group LLC acquired a new stake in shares of Chimera Investment in the fourth quarter valued at $111,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Chimera Investment in the 4th quarter valued at $170,000. Finally, Investment Partners Asset Management Inc. acquired a new position in Chimera Investment during the 4th quarter worth about $183,000. Hedge funds and other institutional investors own 48.44% of the company's stock.

Chimera Investment Stock Down 0.8 %

NYSE CIM traded down $0.10 during trading hours on Thursday, hitting $12.24. 163,780 shares of the company were exchanged, compared to its average volume of 620,651. The company has a 50 day moving average of $12.64 and a two-hundred day moving average of $13.99. The company has a quick ratio of 3.03, a current ratio of 0.06 and a debt-to-equity ratio of 2.82. The firm has a market cap of $990.50 million, a price-to-earnings ratio of 11.33 and a beta of 1.47. Chimera Investment Co. has a 52-week low of $9.85 and a 52-week high of $16.89.

Chimera Investment (NYSE:CIM - Get Free Report) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share 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%. Equities research analysts anticipate that Chimera Investment Co. will post 1.57 earnings per share for the current year.

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.37 per share. The ex-dividend date was Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 12.09%. Chimera Investment's dividend payout ratio (DPR) is currently 137.04%.

Insider Buying and Selling

In other Chimera Investment news, Director Gerard Creagh purchased 12,500 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $13.31 per share, with a total value of $166,375.00. Following the acquisition, the director now directly owns 138,127 shares of the company's stock, valued at approximately $1,838,470.37. This represents a 9.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.91% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.