Two Sigma Investments LP Acquires 77,835 Shares of Chimera Investment Co. (NYSE:CIM)

Two Sigma Investments LP boosted its holdings in Chimera Investment Co. (NYSE:CIM - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 514,470 shares of the real estate investment trust's stock after purchasing an additional 77,835 shares during the quarter. Two Sigma Investments LP owned about 0.64% of Chimera Investment worth $7,203,000 at the end of the most recent quarter.

Several other hedge funds have also 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 purchasing an additional 3,062 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Chimera Investment in the 4th quarter valued at $56,000. Hillsdale Investment Management Inc. purchased a new position in Chimera Investment during the 4th quarter worth $65,000. Summit Securities Group LLC purchased a new position in Chimera Investment during the 4th quarter worth $111,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Chimera Investment during the 4th quarter worth $170,000. Institutional investors and hedge funds own 48.44% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on CIM. Wall Street Zen raised shares of Chimera Investment from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. UBS Group upgraded 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. Finally, Royal Bank of Canada upgraded Chimera Investment to a "moderate buy" rating in a research note on Friday, March 14th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $15.50.

Insider Transactions at Chimera Investment

In related news, Director Gerard Creagh purchased 12,500 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.91% of the company's stock.

Chimera Investment Price Performance

Shares of CIM stock traded up $0.05 during trading on Wednesday, hitting $13.20. The company had a trading volume of 411,873 shares, compared to its average volume of 595,614. The stock's 50-day moving average is $12.33 and its two-hundred day moving average is $13.65. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 12.22 and a beta of 1.76. The company has a quick ratio of 3.03, a current ratio of 0.06 and a debt-to-equity ratio of 2.82. 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 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. The firm had revenue of $69.22 million for the quarter, compared to analyst estimates of $72.07 million. Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. As a group, analysts predict that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.

Chimera Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.21%. The ex-dividend date of this dividend was Monday, March 31st. Chimera Investment's payout ratio is 98.67%.

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.