Investment Partners Asset Management Inc. Takes $183,000 Position in Chimera Investment Co. (NYSE:CIM)

Investment Partners Asset Management Inc. acquired a new position in Chimera Investment Co. (NYSE:CIM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,099 shares of the real estate investment trust’s stock, valued at approximately $183,000.

A number of other hedge funds also recently bought and sold shares of CIM. Prospera Private Wealth LLC purchased a new stake in Chimera Investment during the third quarter valued at approximately $65,000. Simplify Asset Management Inc. bought a new stake in shares of Chimera Investment during the 3rd quarter valued at $158,000. Virtu Financial LLC bought a new stake in shares of Chimera Investment during the 3rd quarter valued at $186,000. BostonPremier Wealth LLC purchased a new position in Chimera Investment during the fourth quarter valued at $204,000. Finally, Moloney Securities Asset Management LLC increased its position in Chimera Investment by 14.1% in the third quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 1,719 shares in the last quarter. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd.

Insider Transactions at Chimera Investment

In other news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average cost of $14.91 per share, for a total transaction of $745,500.00. Following the completion of the transaction, the executive now owns 100,000 shares of the company’s stock, valued at approximately $1,491,000. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.91% of the company’s stock.

Chimera Investment Trading Down 7.7 %

Shares of Chimera Investment stock opened at $13.93 on Thursday. The company has a debt-to-equity ratio of 3.93, a quick ratio of 3.03 and a current ratio of 3.03. The company has a fifty day moving average of $14.48 and a 200 day moving average of $14.96. The company has a market capitalization of $1.13 billion, a P/E ratio of 4.22 and a beta of 1.71. Chimera Investment Co. has a fifty-two week low of $11.28 and a fifty-two week high of $16.89.

Chimera Investment (NYSE:CIM) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. On average, sell-side analysts anticipate that Chimera Investment Co. will post 1.47 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.62%. The ex-dividend date of this dividend was Tuesday, December 31st. Chimera Investment’s payout ratio is currently 44.85%.

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.