Caxton Associates LLP Makes New Investment in Chimera Investment Corporation $CIM

Key Points

• Caxton Associates LLP has acquired a new stake in Chimera Investment Corporation, purchasing 90,980 shares valued at approximately $1.17 million.
• Chimera Investment stock currently has a market capitalization of $1.18 billion and a price-to-earnings ratio of 11.51, with shares trading between a twelve-month low of $9.85 and a high of $16.89.
• Recent analyst ratings for Chimera Investment include a price target increase from UBS Group to $16.00 with a "buy" rating, while one analyst downgraded their rating to "sell."

Caxton Associates LLP acquired a new position in shares of Chimera Investment Corporation (NYSE:CIM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,980 shares of the real estate investment trust's stock, valued at approximately $1,167,000. Caxton Associates LLP owned approximately 0.11% of Chimera Investment as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Investment Partners Asset Management Inc. increased its position in shares of 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 worth $185,000 after acquiring an additional 1,338 shares in the last quarter. AXS Investments LLC increased its position in shares of Chimera Investment by 1.8% during the first quarter. AXS Investments LLC now owns 109,345 shares of the real estate investment trust's stock worth $1,403,000 after acquiring an additional 1,911 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Chimera Investment by 11.4% during the first quarter. Cetera Investment Advisers now owns 18,783 shares of the real estate investment trust's stock worth $241,000 after acquiring an additional 1,927 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of 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 worth $225,000 after acquiring an additional 2,730 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of 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 worth $48,000 after acquiring an additional 3,666 shares in the last quarter. Institutional investors own 48.44% of the company's stock.

Chimera Investment Stock Performance

Shares of CIM stock traded up $0.10 on Monday, hitting $14.27. The company's stock had a trading volume of 114,817 shares, compared to its average volume of 563,913. The company has a debt-to-equity ratio of 4.47, a quick ratio of 4.14 and a current ratio of 4.14. The stock's 50 day moving average is $13.94 and its 200-day moving average is $13.32. Chimera Investment Corporation has a fifty-two week low of $9.85 and a fifty-two week high of $16.89. The company has a market capitalization of $1.16 billion, a PE ratio of 11.31 and a beta of 1.85.

Chimera Investment (NYSE:CIM - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.07). Chimera Investment had a net margin of 21.93% and a return on equity of 7.28%. The business had revenue of $66.01 million during the quarter, compared to analyst estimates of $83.89 million. Equities research analysts expect that Chimera Investment Corporation will post 1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

CIM has been the topic of a number of research reports. UBS Group boosted their price objective on shares of Chimera Investment from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Wall Street Zen lowered shares of Chimera Investment from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Chimera Investment from $16.50 to $15.00 and set a "market perform" rating on the stock in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $15.50.

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.