Renaissance Technologies LLC Cuts Stock Holdings in Chimera Investment Co. (NYSE:CIM)

Renaissance Technologies LLC reduced its stake in Chimera Investment Co. (NYSE:CIM - Free Report) by 23.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 108,453 shares of the real estate investment trust's stock after selling 32,900 shares during the quarter. 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 have also recently bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new position in shares of Chimera Investment in the 4th quarter worth approximately $56,000. Hillsdale Investment Management Inc. bought a new position in Chimera Investment during the fourth quarter valued at about $65,000. Summit Securities Group LLC purchased a new position in Chimera Investment in the fourth quarter valued at about $111,000. Virtu Financial LLC bought a new stake in shares of Chimera Investment in the 3rd quarter worth approximately $186,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Chimera Investment during the 4th quarter valued at $170,000. 48.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CIM has been the subject of a number of analyst reports. Royal Bank of Canada upgraded shares of Chimera Investment to a "moderate buy" rating in a research report on Friday, March 14th. StockNews.com cut Chimera Investment from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Chimera Investment in a report on Thursday, January 23rd.

Insider Buying and Selling

In other news, Director Gerard Creagh acquired 12,500 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the transaction, the director now directly owns 138,127 shares of the company's stock, valued at approximately $1,838,470.37. The trade was a 9.95 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by insiders.

Chimera Investment Trading Down 1.0 %

Chimera Investment stock traded down $0.12 during mid-day trading on Thursday, reaching $12.22. 189,449 shares of the company traded hands, compared to its average volume of 600,242. The firm's 50 day moving average price is $12.64 and its 200 day moving average price is $13.99. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.06 and a quick ratio of 3.03. The firm has a market capitalization of $988.88 million, a price-to-earnings ratio of 11.32 and a beta of 1.47. Chimera Investment Co. has a 52-week low of $9.85 and a 52-week high of $16.89.

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

Chimera Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 12.11%. The ex-dividend date of this dividend was Monday, March 31st. Chimera Investment's dividend payout ratio (DPR) is presently 137.04%.

About Chimera Investment

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.