2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. raised its holdings in Chimera Investment Co. (NYSE:CIM – Free Report) by 84.
7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,935 shares of the real estate investment trust’s stock after buying an additional 142,105 shares during the period. JPMorgan Chase & Co.
owned about 0.38% of Chimera Investment worth $4,339,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CIM.
Hillsdale Investment Management Inc. acquired a new position in Chimera Investment in the fourth quarter valued at $65,000. Virtu Financial LLC purchased a new position in Chimera Investment in the 3rd quarter valued at approximately $186,000.
Investment Partners Asset Management Inc. purchased a new stake in shares of Chimera Investment in the 4th quarter worth about $183,000. BostonPremier Wealth LLC purchased a new position in shares of Chimera Investment during the 4th quarter worth approximately $204,000.
Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Chimera Investment in the fourth quarter worth $249,000. 48.44% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their BetsIn other news, Director Gerard Creagh purchased 12,500 shares of the stock in a transaction dated Tuesday, March 11th. The stock was 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 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
0.91% of the stock is owned by corporate insiders. Chimera Investment Trading Up 3.
2 %NYSE:CIM opened at $11.37 on Friday. Chimera Investment Co.
has a 52 week low of $9.85 and a 52 week high of $16.89.
The company has a quick ratio of 3.03, a current ratio of 0.06 and a debt-to-equity ratio of 2.
82. The company has a market cap of $919.69 million, a PE ratio of 10.
52 and a beta of 1.47. The business’s 50 day moving average is $12.
96 and its two-hundred day moving average is $14.16. Chimera Investment (NYSE:CIM – Get Free Report) last announced 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 net margin of 20.28% and a return on equity of 7.
00%. On average, analysts predict that Chimera Investment Co. will post 1.
57 EPS for the current year. Chimera Investment Announces DividendThe business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.
37 per share. The ex-dividend date is Monday, March 31st. This represents a $1.
48 dividend on an annualized basis and a yield of 13.02%. Chimera Investment’s payout ratio is currently 137.
04%. Wall Street Analyst Weigh InSeveral research firms recently issued reports on CIM. StockNews.
com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. JMP Securities reiterated a “market perform” rating on shares of Chimera Investment in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada upgraded shares of Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th.
Get Our Latest Analysis on Chimera InvestmentChimera Investment Profile (Free Report)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.Further ReadingFive stocks we like better than Chimera InvestmentThe Most Important Warren Buffett Stock for Investors: His OwnJ.
B. Hunt Transport Overcorrects Into a Buying OpportunityThere Are Different Types of Stock To Invest InAppLovin: Can Record Profits Overcome Market Skepticism?How to Short a Stock in 5 Easy Steps MarketBeat Week in Review – 04/14 – 04/18Want to see what other hedge funds are holding CIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chimera Investment Co.
(NYSE:CIM – Free Report)..
