Jane Street Group LLC Has $425,000 Stock Position in Chimera Investment Co. (NYSE:CIM)

Jane Street Group LLC decreased its stake in Chimera Investment Co. (NYSE:CIM - Free Report) by 78.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,335 shares of the real estate investment trust's stock after selling 110,666 shares during the period. Jane Street Group LLC's holdings in Chimera Investment were worth $425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC boosted its stake in Chimera Investment by 301.6% during the 3rd 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. SG Americas Securities LLC increased its stake in shares of Chimera Investment by 39.2% in the fourth quarter. SG Americas Securities LLC now owns 21,138 shares of the real estate investment trust's stock valued at $296,000 after purchasing an additional 5,951 shares during the period. Manning & Napier Advisors LLC raised its holdings in shares of Chimera Investment by 66.7% during the fourth quarter. Manning & Napier Advisors LLC now owns 100,000 shares of the real estate investment trust's stock valued at $1,400,000 after buying an additional 40,000 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Chimera Investment during the fourth quarter worth approximately $264,000. Finally, BostonPremier Wealth LLC bought a new position in Chimera Investment in the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 48.44% of the company's stock.

Analyst Ratings Changes

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

Insider Activity

In related news, Director Gerard Creagh acquired 12,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $13.31 per share, with a total value of $166,375.00. Following the completion of the transaction, the director now owns 138,127 shares of the company's stock, valued at approximately $1,838,470.37. This trade represents a 9.95% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.91% of the stock is currently owned by company insiders.

Chimera Investment Price Performance

CIM stock traded down $0.03 during trading hours on Wednesday, hitting $13.32. 358,937 shares of the stock traded hands, compared to its average volume of 591,564. The stock has a 50-day simple moving average of $12.32 and a 200 day simple moving average of $13.60. The company has a market cap of $1.08 billion, a P/E ratio of 12.33 and a beta of 1.75. 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 one year low of $9.85 and a one year high of $16.89.

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

Chimera Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 11.11%. The ex-dividend date of this dividend was Monday, March 31st. Chimera Investment's dividend 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.