Chimera Investment Co. (NYSE:CIM - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $4.17 and last traded at $4.17, with a volume of 841564 shares changing hands. The stock had previously closed at $4.37.
Chimera Investment Trading Down 6.1 %
The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.00. The firm has a market capitalization of $990.78 million, a PE ratio of 17.85 and a beta of 1.68. The business's fifty day moving average price is $4.47 and its 200 day moving average price is $4.84.
Chimera Investment Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 8th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 10.72%. Chimera Investment's payout ratio is 191.30%.
Hedge Funds Weigh In On Chimera Investment
Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in Chimera Investment during the 4th quarter worth $464,000. Price T Rowe Associates Inc. MD boosted its position in shares of Chimera Investment by 2.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 180,649 shares of the real estate investment trust's stock worth $902,000 after buying an additional 4,347 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Chimera Investment in the fourth quarter valued at about $133,000. Barclays PLC raised its holdings in shares of Chimera Investment by 211.3% during the 4th quarter. Barclays PLC now owns 374,562 shares of the real estate investment trust's stock valued at $1,868,000 after buying an additional 254,230 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in Chimera Investment by 1.3% during the 4th quarter. Nuveen Asset Management LLC now owns 745,153 shares of the real estate investment trust's stock worth $3,719,000 after acquiring an additional 9,802 shares in the last quarter. 48.44% of the stock is owned by institutional investors and hedge funds.
Chimera Investment Company Profile
(
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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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