Chimera Investment Co. (NYSE:CIM) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC increased its position in shares of Chimera Investment Co. (NYSE:CIM) by 60.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,845 shares of the real estate investment trust’s stock after purchasing an additional 7,094 shares during the period. Virtu Financial LLC’s holdings in Chimera Investment were worth $264,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Chimera Investment by 301.6% during the 3rd quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust’s stock worth $2,901,000 after buying an additional 137,655 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Chimera Investment by 67.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,621 shares of the real estate investment trust’s stock worth $2,337,000 after purchasing an additional 59,380 shares during the period. Manning & Napier Advisors LLC increased its holdings in Chimera Investment by 66.7% in the fourth quarter. Manning & Napier Advisors LLC now owns 100,000 shares of the real estate investment trust’s stock valued at $1,400,000 after buying an additional 40,000 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Chimera Investment in the 4th quarter valued at approximately $468,000. Finally, State Street Corp grew its holdings in Chimera Investment by 0.4% in the third quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust’s stock valued at $31,010,000 after purchasing an additional 7,595 shares during the last quarter. Institutional investors and hedge funds own 48.44% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented 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. JMP Securities reiterated a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada upgraded Chimera Investment to a “moderate buy” rating in a research report on Friday, March 14th.

Chimera Investment Trading Down 1.5 %

Chimera Investment stock opened at $13.09 on Friday. The stock has a market cap of $1.06 billion, a PE ratio of 12.12 and a beta of 1.76. 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 stock has a 50-day moving average price of $14.07 and a 200 day moving average price of $14.70. Chimera Investment Co. has a 52 week low of $11.29 and a 52 week high of $16.89.

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 predict 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. Stockholders of record on Monday, March 31st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 11.31%. The ex-dividend date of this dividend is Monday, March 31st. Chimera Investment’s dividend payout ratio (DPR) is 137.04%.

Insider Activity

In related news, Director Gerard Creagh purchased 12,500 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $13.31 per share, with a total value of $166,375.00. Following the completion of the purchase, the director now directly owns 138,127 shares in the company, valued at approximately $1,838,470.37. This trade represents a 9.95 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.91% of the company’s stock.

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.