Shares of Chimera Investment Co. (NYSE:CIM - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $3.92 and last traded at $3.94, with a volume of 143586 shares changing hands. The stock had previously closed at $4.03.
Chimera Investment Trading Down 1.6 %
The company has a market cap of $956.99 million, a price-to-earnings ratio of 17.24 and a beta of 1.68. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.12 and a current ratio of 0.12. The business's 50 day moving average price is $4.42 and its 200-day moving average price is $4.79.
Chimera Investment Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 8th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 11.10%. The ex-dividend date of this dividend is Friday, April 5th. Chimera Investment's dividend payout ratio is 191.30%.
Hedge Funds Weigh In On Chimera Investment
A number of hedge funds have recently made changes to their positions in CIM. Raymond James & Associates increased its position in shares of Chimera Investment by 28.6% during the 1st quarter. Raymond James & Associates now owns 54,112 shares of the real estate investment trust's stock worth $652,000 after purchasing an additional 12,039 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Chimera Investment during the 1st quarter worth about $132,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Chimera Investment by 15.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 106,266 shares of the real estate investment trust's stock worth $1,279,000 after purchasing an additional 14,201 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Chimera Investment by 28.3% during the 1st quarter. HighTower Advisors LLC now owns 13,551 shares of the real estate investment trust's stock worth $163,000 after purchasing an additional 2,991 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Chimera Investment by 31.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,203 shares of the real estate investment trust's stock worth $159,000 after purchasing an additional 3,139 shares in the last quarter. Institutional investors and hedge funds own 48.44% of the company's stock.
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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