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

Graham Capital Management L.P. raised its stake in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 360.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

Several other large investors also recently bought and sold shares of the company. Northern Trust Corp increased its stake in Chimera Investment by 9.6% during the 4th quarter. Northern Trust Corp now owns 800,838 shares of the real estate investment trust's stock worth $11,212,000 after buying an additional 70,362 shares in the last quarter. Van ECK Associates Corp lifted its holdings in 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 valued at $10,746,000 after purchasing an additional 122,088 shares in the last quarter. Callodine Capital Management LP lifted its holdings in Chimera Investment by 9.8% in the 4th 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings in Chimera Investment by 15.6% in the 4th 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 purchasing an additional 49,388 shares in the last quarter. Finally, LSV Asset Management grew its stake in 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 valued at $4,893,000 after acquiring an additional 204,584 shares in the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CIM shares. JMP Securities reaffirmed a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd. StockNews.com upgraded Chimera Investment from a "hold" rating to a "buy" rating in a research report on Thursday. Royal Bank of Canada upgraded Chimera Investment to a "moderate buy" rating in a research report on Friday, March 14th. Finally, UBS Group raised shares of Chimera Investment from a "neutral" rating to a "buy" rating and upped their price objective for the company from $11.50 to $15.00 in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Chimera Investment presently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

Insider Activity

In related news, Director Gerard Creagh purchased 12,500 shares of Chimera Investment stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $13.31 per share, with a total value of $166,375.00. Following the purchase, the director now owns 138,127 shares of the company's stock, valued at approximately $1,838,470.37. The trade was a 9.95% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.91% of the company's stock.

Chimera Investment Trading Up 0.3%

Shares of CIM stock traded up $0.05 during trading on Friday, hitting $14.04. 416,735 shares of the stock traded hands, compared to its average volume of 601,400. The firm has a market capitalization of $1.14 billion, a P/E ratio of 13.00 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. The firm's fifty day moving average price is $12.37 and its 200-day moving average price is $13.75. 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 released its quarterly 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 business had revenue of $69.22 million during the quarter, compared to analysts' expectations of $72.07 million. Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. As a group, research analysts forecast that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date of this dividend was Monday, March 31st. Chimera Investment's dividend payout ratio is presently 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.