First Trust Advisors LP lessened its position in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 12.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 266,470 shares of the real estate investment trust's stock after selling 36,767 shares during the period. First Trust Advisors LP owned approximately 0.33% of Chimera Investment worth $3,731,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new position in Chimera Investment in the fourth quarter worth $56,000. Hillsdale Investment Management Inc. purchased a new position in shares of Chimera Investment in the 4th quarter worth about $65,000. Summit Securities Group LLC bought a new position in shares of Chimera Investment during the 4th quarter valued at about $111,000. Virtu Financial LLC bought a new stake in Chimera Investment in the 3rd quarter worth approximately $186,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Chimera Investment in the fourth quarter worth approximately $170,000. 48.44% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on CIM. JMP Securities reaffirmed a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd. StockNews.com downgraded Chimera Investment from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada upgraded Chimera Investment to a "moderate buy" rating in a report on Friday, March 14th.
View Our Latest Analysis on Chimera Investment
Chimera Investment Trading Up 8.9 %
Chimera Investment stock traded up $1.07 during trading hours on Thursday, reaching $13.08. The stock had a trading volume of 247,389 shares, compared to its average volume of 599,414. The company has a fifty day simple moving average of $12.45 and a 200-day simple moving average of $13.86. Chimera Investment Co. has a 52 week low of $9.85 and a 52 week high of $16.89. The stock has a market cap of $1.06 billion, a PE ratio of 12.11 and a beta of 1.76. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.06 and a quick ratio of 3.03.
Chimera Investment (NYSE:CIM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. Analysts forecast that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.
Chimera Investment Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 11.31%. The ex-dividend date of this dividend was Monday, March 31st. Chimera Investment's dividend payout ratio (DPR) is currently 137.04%.
Insider Buying and Selling at Chimera Investment
In related news, Director Gerard Creagh acquired 12,500 shares of the stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $13.31 per share, for a total transaction of $166,375.00. Following the completion of 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.91% of the company's stock.
Chimera Investment Company Profile
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Free Report)
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.
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