Graham Capital Management L.P. Boosts Stock Position in Chimera Investment Co. (NYSE:CIM)

Graham Capital Management L.P. lifted its holdings in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 360.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 75,790 shares of the real estate investment trust's stock after purchasing an additional 59,340 shares during the period. Graham Capital Management L.P. owned 0.09% of Chimera Investment worth $1,061,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Northern Trust Corp boosted its holdings in Chimera Investment by 9.6% in the fourth quarter. Northern Trust Corp now owns 800,838 shares of the real estate investment trust's stock valued at $11,212,000 after acquiring an additional 70,362 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Chimera Investment by 18.9% in the 4th quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust's stock worth $10,746,000 after purchasing an additional 122,088 shares during the last quarter. Callodine Capital Management LP increased its holdings in Chimera Investment by 9.8% in the fourth quarter. Callodine Capital Management LP now owns 450,000 shares of the real estate investment trust's stock valued at $6,300,000 after purchasing an additional 40,000 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Chimera Investment by 15.6% in the fourth quarter. Bank of New York Mellon Corp now owns 365,603 shares of the real estate investment trust's stock valued at $5,118,000 after buying an additional 49,388 shares during the period. Finally, LSV Asset Management grew its position in shares of Chimera Investment by 141.2% during the 4th quarter. LSV Asset Management now owns 349,501 shares of the real estate investment trust's stock worth $4,893,000 after buying an additional 204,584 shares during the period. Institutional investors and hedge funds own 48.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JMP Securities reissued a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd. Royal Bank of Canada upgraded shares of Chimera Investment to a "moderate buy" rating in a report on Friday, March 14th. StockNews.com upgraded Chimera Investment from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, UBS Group upgraded Chimera Investment from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $11.50 to $15.00 in a report on Wednesday, May 14th. Two investment 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 has an average rating of "Moderate Buy" and a consensus target price of $15.50.

Chimera Investment Price Performance

Shares of Chimera Investment stock traded down $0.18 during midday trading on Monday, hitting $13.86. 79,555 shares of the company traded hands, compared to its average volume of 599,882. The firm's fifty day moving average price is $12.37 and its 200-day moving average price is $13.73. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 12.83 and a beta of 1.76. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. Chimera Investment Co. has a 12 month low of $9.85 and a 12 month high of $16.89.

Chimera Investment (NYSE:CIM - Get Free Report) last posted its quarterly earnings data 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 return on equity of 7.00% and a net margin of 20.28%. The company had revenue of $69.22 million for the quarter, compared to analyst estimates of $72.07 million. As a group, sell-side analysts forecast that Chimera Investment Co. will post 1.57 earnings per share for the current year.

Chimera Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 10.68%. The ex-dividend date was Monday, March 31st. Chimera Investment's dividend payout ratio (DPR) is presently 98.67%.

Insider Buying and Selling at Chimera Investment

In other news, Director Gerard Creagh bought 12,500 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought 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 directly owns 138,127 shares of the company's stock, valued at $1,838,470.37. This trade represents a 9.95% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.91% of the company's stock.

About Chimera Investment

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.