Chimera Investment (NYSE:CIM) Shares Gap Down to $4.61

Shares of Chimera Investment Co. (NYSE:CIM - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $4.61, but opened at $4.37. Chimera Investment shares last traded at $4.41, with a volume of 1,076,267 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Chimera Investment from a "hold" rating to a "buy" rating in a research report on Friday.

Chimera Investment Trading Down 5.4 %

The company has a debt-to-equity ratio of 3.70, a quick ratio of 5.46 and a current ratio of 5.46. The company's 50 day simple moving average is $4.35 and its two-hundred day simple moving average is $4.69. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 8.55 and a beta of 1.68.

Shares of Chimera Investment are set to reverse split on the morning of Wednesday, May 22nd. The 1-3 reverse split was announced on Wednesday, May 22nd. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, May 22nd.

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 8th were issued a $0.11 dividend. The ex-dividend date was Friday, April 5th. This represents a $0.44 dividend on an annualized basis and a yield of 10.09%. Chimera Investment's dividend payout ratio is currently 86.28%.

Institutional Trading of Chimera Investment

A number of institutional investors have recently added to or reduced their stakes in the business. UBS Group AG raised its holdings in shares of Chimera Investment by 53.3% during the 3rd quarter. UBS Group AG now owns 722,064 shares of the real estate investment trust's stock valued at $3,942,000 after purchasing an additional 251,085 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Chimera Investment by 148.4% in the fourth quarter. Global Retirement Partners LLC now owns 51,477 shares of the real estate investment trust's stock worth $254,000 after buying an additional 30,757 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Chimera Investment by 261.9% during the 4th quarter. Wolverine Asset Management LLC now owns 1,141,057 shares of the real estate investment trust's stock worth $5,694,000 after acquiring an additional 825,743 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Chimera Investment by 163.5% during the 4th quarter. Capital Investment Advisors LLC now owns 124,156 shares of the real estate investment trust's stock worth $620,000 after acquiring an additional 77,040 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Chimera Investment by 14.9% during the 4th quarter. SG Americas Securities LLC now owns 127,699 shares of the real estate investment trust's stock valued at $637,000 after acquiring an additional 16,540 shares during the last quarter. 48.44% of the stock is currently owned by institutional investors and hedge funds.

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.