Cadent Capital Advisors LLC Acquires 41,679 Shares of Chimera Investment Corporation (NYSE:CIM)

Cadent Capital Advisors LLC boosted its position in shares of Chimera Investment Corporation (NYSE:CIM - Free Report) by 23.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,712 shares of the real estate investment trust's stock after acquiring an additional 41,679 shares during the period. Chimera Investment accounts for about 1.0% of Cadent Capital Advisors LLC's holdings, making the stock its 27th biggest position. Cadent Capital Advisors LLC owned 0.27% of Chimera Investment worth $2,768,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in Chimera Investment by 18.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,529 shares of the real estate investment trust's stock valued at $225,000 after acquiring an additional 2,730 shares in the last quarter. Investment Partners Asset Management Inc. grew its stake in Chimera Investment by 10.2% during the first quarter. Investment Partners Asset Management Inc. now owns 14,437 shares of the real estate investment trust's stock valued at $185,000 after acquiring an additional 1,338 shares in the last quarter. GAMMA Investing LLC grew its stake in Chimera Investment by 8,728.6% during the first quarter. GAMMA Investing LLC now owns 3,708 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 3,666 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Chimera Investment during the fourth quarter valued at approximately $299,000. Finally, PharVision Advisers LLC purchased a new position in Chimera Investment during the fourth quarter valued at approximately $178,000. Hedge funds and other institutional investors own 48.44% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on CIM. UBS Group raised shares of Chimera Investment from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $11.50 to $15.00 in a research note on Wednesday, May 14th. Royal Bank Of Canada raised shares of Chimera Investment to a "moderate buy" rating in a research note on Friday, March 14th. Finally, Wall Street Zen raised shares of Chimera Investment from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Chimera Investment presently has an average rating of "Moderate Buy" and an average target price of $15.50.

Chimera Investment Price Performance

CIM stock traded up $0.01 during midday trading on Friday, reaching $13.69. The company had a trading volume of 899,428 shares, compared to its average volume of 578,655. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.70 and a quick ratio of 3.70. Chimera Investment Corporation has a 1 year low of $9.85 and a 1 year high of $16.89. The company has a market capitalization of $1.11 billion, a P/E ratio of 9.12 and a beta of 1.75. The firm has a 50-day moving average price of $12.85 and a 200-day moving average price of $13.51.

Chimera Investment (NYSE:CIM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. Chimera Investment had a net margin of 25.12% and a return on equity of 7.25%. The business had revenue of $69.22 million during the quarter, compared to analysts' expectations of $72.07 million. On average, research analysts anticipate that Chimera Investment Corporation will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a $0.37 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.81%. Chimera Investment's payout ratio is 98.67%.

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.