Renaissance Technologies LLC Reduces Stake in Chimera Investment Co. (NYSE:CIM)

Renaissance Technologies LLC lowered its stake in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 23.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 108,453 shares of the real estate investment trust's stock after selling 32,900 shares during the period. Renaissance Technologies LLC owned approximately 0.13% of Chimera Investment worth $1,518,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CIM. New Age Alpha Advisors LLC purchased a new position in shares of Chimera Investment during the fourth quarter valued at approximately $56,000. Hillsdale Investment Management Inc. bought a new position in Chimera Investment during the 4th quarter valued at $65,000. Summit Securities Group LLC purchased a new position in Chimera Investment during the 4th quarter worth $111,000. Virtu Financial LLC bought a new stake in shares of Chimera Investment in the 3rd quarter worth $186,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Chimera Investment in the fourth quarter valued at about $170,000. 48.44% of the stock is owned by institutional investors.

Insider Activity at Chimera Investment

In other Chimera Investment news, Director Gerard Creagh purchased 12,500 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $13.31 per share, with a total value of $166,375.00. Following the completion of the transaction, the director now directly owns 138,127 shares in the company, valued at approximately $1,838,470.37. This trade represents a 9.95 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Chimera Investment Stock Performance

CIM traded up $0.10 during midday trading on Friday, reaching $12.26. The company had a trading volume of 62,818 shares, compared to its average volume of 599,558. Chimera Investment Co. has a 12-month low of $9.85 and a 12-month high of $16.89. The business has a 50-day moving average price of $12.60 and a two-hundred day moving average price of $13.96. The stock has a market cap of $991.71 million, a PE ratio of 11.36 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06.

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

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 12.08%. The ex-dividend date of this dividend was Monday, March 31st. Chimera Investment's dividend payout ratio (DPR) is currently 137.04%.

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.