Mariner LLC Buys 43,935 Shares of Chimera Investment Co. (NYSE:CIM)

Mariner LLC lifted its position in Chimera Investment Co. (NYSE:CIM - Free Report) by 50.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,729 shares of the real estate investment trust's stock after buying an additional 43,935 shares during the period. Mariner LLC owned approximately 0.16% of Chimera Investment worth $1,830,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new stake in shares of Chimera Investment in the 4th quarter worth $56,000. Hillsdale Investment Management Inc. bought a new stake in shares of Chimera Investment in the 4th quarter worth $65,000. Summit Securities Group LLC bought a new stake in shares of Chimera Investment in the 4th quarter worth $111,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Chimera Investment in the 4th quarter worth $170,000. Finally, Investment Partners Asset Management Inc. bought a new stake in shares of Chimera Investment in the 4th quarter worth $183,000. Institutional investors own 48.44% of the company's stock.

Chimera Investment Stock Up 0.4 %

Shares of CIM stock traded up $0.05 during trading on Wednesday, hitting $12.35. 634,577 shares of the company were exchanged, compared to its average volume of 601,844. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. The firm has a market capitalization of $999.40 million, a price-to-earnings ratio of 11.43 and a beta of 1.47. The business's 50-day simple moving average is $12.64 and its 200 day simple moving average is $13.99. Chimera Investment Co. has a twelve month low of $9.85 and a twelve month high of $16.89.

Chimera Investment (NYSE:CIM - Get Free Report) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. As a group, analysts forecast that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.98%. The ex-dividend date of this dividend is Monday, March 31st. Chimera Investment's payout ratio is 137.04%.

Insider Transactions at Chimera Investment

In other news, Director Gerard Creagh acquired 12,500 shares of Chimera Investment stock in a transaction dated 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 purchase, the director now owns 138,127 shares of the company's stock, valued at $1,838,470.37. This represents a 9.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada raised Chimera Investment to a "moderate buy" rating in a research report on Friday, March 14th. JMP Securities reaffirmed a "market perform" rating on shares of Chimera Investment in a research report on Thursday, January 23rd. Finally, StockNews.com lowered Chimera Investment from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th.

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.