Stevens Capital Management LP Invests $90,000 in Chimera Investment Co. (NYSE:CIM)

Stevens Capital Management LP bought a new position in shares of Chimera Investment Co. (NYSE:CIM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,100 shares of the real estate investment trust’s stock, valued at approximately $90,000.

A number of other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Chimera Investment by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,400,128 shares of the real estate investment trust’s stock worth $13,105,000 after acquiring an additional 103,416 shares during the period. Advisors Asset Management Inc. increased its holdings in Chimera Investment by 6.5% during the third quarter. Advisors Asset Management Inc. now owns 1,805,721 shares of the real estate investment trust’s stock valued at $9,859,000 after buying an additional 110,303 shares during the period. Van ECK Associates Corp increased its holdings in Chimera Investment by 4.1% during the third quarter. Van ECK Associates Corp now owns 1,371,464 shares of the real estate investment trust’s stock valued at $7,488,000 after buying an additional 53,950 shares during the period. Wolverine Asset Management LLC increased its holdings in Chimera Investment by 261.9% during the fourth quarter. Wolverine Asset Management LLC now owns 1,141,057 shares of the real estate investment trust’s stock valued at $5,694,000 after buying an additional 825,743 shares during the period. Finally, UBS Group AG increased its holdings in Chimera Investment by 53.3% during the third quarter. UBS Group AG now owns 722,064 shares of the real estate investment trust’s stock valued at $3,942,000 after buying an additional 251,085 shares during the period. 48.44% of the stock is owned by hedge funds and other institutional investors.

Chimera Investment Stock Performance

Shares of CIM stock opened at $4.19 on Friday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 18.22 and a beta of 1.68. The company’s 50 day moving average is $4.36 and its 200 day moving average is $4.75. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.00. Chimera Investment Co. has a 52-week low of $3.92 and a 52-week high of $6.49.

Chimera Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 8th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 10.50%. The ex-dividend date is Friday, April 5th. Chimera Investment’s payout ratio is 191.30%.

Chimera Investment 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.