Chimera Investment Co. (NYSE:CIM) Short Interest Update

Chimera Investment Co. (NYSE:CIM) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,570,000 shares, an increase of 49.5% from the January 31st total of 1,050,000 shares. Based on an average daily trading volume, of 558,400 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.0% of the company’s stock are short sold.

Insider Activity at Chimera Investment

In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of the stock in a transaction on Friday, December 6th. The shares were purchased at an average cost of $14.70 per share, for a total transaction of $735,000.00. Following the purchase, the executive now owns 50,000 shares of the company’s stock, valued at approximately $735,000. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Chimera Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP lifted its stake in shares of Chimera Investment by 1,691.7% during the 4th quarter. Quarry LP now owns 3,243 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 3,062 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in Chimera Investment during the fourth quarter worth approximately $56,000. Prospera Private Wealth LLC bought a new stake in shares of Chimera Investment during the third quarter worth approximately $65,000. Hillsdale Investment Management Inc. acquired a new position in shares of Chimera Investment in the fourth quarter valued at approximately $65,000. Finally, Summit Securities Group LLC acquired a new position in shares of Chimera Investment in the fourth quarter valued at approximately $111,000. 48.44% of the stock is owned by institutional investors.

Chimera Investment Stock Performance

Shares of CIM traded down $0.34 during midday trading on Tuesday, reaching $13.83. The stock had a trading volume of 567,971 shares, compared to its average volume of 575,783. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The firm has a 50 day simple moving average of $14.28 and a 200-day simple moving average of $14.92. The firm has a market cap of $1.12 billion, a PE ratio of 12.80 and a beta of 1.71. Chimera Investment has a one year low of $11.28 and a one year high of $16.89.

Chimera Investment (NYSE:CIM) last posted its quarterly 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%. As a group, sell-side analysts anticipate that Chimera Investment will post 1.57 EPS for the current year.

Chimera Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.71%. The ex-dividend date of this dividend was Tuesday, December 31st. Chimera Investment’s dividend payout ratio is 137.04%.

Wall Street Analysts Forecast Growth

CIM has been the topic of several analyst reports. JMP Securities reiterated a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd. StockNews.com downgraded Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

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.