Investment Partners Asset Management Inc. Purchases New 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 its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,099 shares of the real estate investment trust’s stock, valued at approximately $183,000.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Chimera Investment

In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was acquired at an average price of $14.70 per share, with a total value of $735,000.00. Following the transaction, the executive now owns 50,000 shares in the company, valued at $735,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.91% of the company’s stock.

Chimera Investment Price Performance

CIM opened at $13.93 on Thursday. The firm has a market cap of $1.13 billion, a PE ratio of 4.22 and a beta of 1.71. The stock has a 50-day moving average price of $14.48 and a 200-day moving average price of $14.96. Chimera Investment Co. has a 1 year low of $11.28 and a 1 year high of $16.89. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03.

Chimera Investment (NYSE:CIM) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. Sell-side analysts predict that Chimera Investment Co. will post 1.47 earnings per share for the current fiscal year.

Chimera Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 10.62%. Chimera Investment’s dividend payout ratio (DPR) is presently 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.