4,650 Shares in Chimera Investment Co. (NYSE:CIM) Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new stake in Chimera Investment Co. (NYSE:CIM) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,650 shares of the real estate investment trust’s stock, valued at approximately $65,000.

Several other institutional investors also recently made changes to their positions in CIM. Virtu Financial LLC grew its position in Chimera Investment by 60.4% during the fourth quarter. Virtu Financial LLC now owns 18,845 shares of the real estate investment trust’s stock valued at $264,000 after acquiring an additional 7,094 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Chimera Investment in the 4th quarter valued at about $2,004,000. Intech Investment Management LLC grew its holdings in shares of Chimera Investment by 81.6% during the 4th quarter. Intech Investment Management LLC now owns 36,667 shares of the real estate investment trust’s stock worth $513,000 after purchasing an additional 16,473 shares during the period. Thrivent Financial for Lutherans acquired a new stake in Chimera Investment during the 4th quarter worth approximately $856,000. Finally, Raymond James Financial Inc. purchased a new position in Chimera Investment in the fourth quarter valued at approximately $649,000. 48.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CIM. StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Royal Bank of Canada upgraded Chimera Investment to a “moderate buy” rating in a research note on Friday, March 14th. Finally, JMP Securities reiterated a “market perform” rating on shares of Chimera Investment in a research note on Thursday, January 23rd.

Chimera Investment Price Performance

Shares of CIM stock opened at $13.54 on Tuesday. The firm has a fifty day simple moving average of $14.15 and a 200-day simple moving average of $14.75. The company has a market capitalization of $1.10 billion, a PE ratio of 12.53 and a beta of 1.76. Chimera Investment Co. has a twelve month low of $11.29 and a twelve month high of $16.89. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82.

Chimera Investment (NYSE:CIM) last posted 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%. Equities research analysts anticipate that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.48 annualized dividend and a yield of 10.93%. Chimera Investment’s dividend payout ratio is presently 137.04%.

Insider Buying and Selling at Chimera Investment

In related news, Director Gerard Creagh purchased 12,500 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now owns 138,127 shares in the company, valued at approximately $1,838,470.37. This represents a 9.95 % 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 the SEC website. 0.91% of the stock is currently owned by corporate insiders.

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.