Chimera Investment Co. (NYSE:CIM) Shares Bought by Gallagher Fiduciary Advisors LLC

Gallagher Fiduciary Advisors LLC increased its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 20.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,810 shares of the real estate investment trust’s stock after purchasing an additional 3,323 shares during the period. Gallagher Fiduciary Advisors LLC’s holdings in Chimera Investment were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in shares of Chimera Investment by 4.9% in the fourth quarter. Sterling Capital Management LLC now owns 29,111 shares of the real estate investment trust’s stock worth $408,000 after buying an additional 1,357 shares during the period. MetLife Investment Management LLC boosted its holdings in Chimera Investment by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 49,231 shares of the real estate investment trust’s stock worth $689,000 after acquiring an additional 2,694 shares during the period. Atria Investments Inc grew its position in Chimera Investment by 18.1% in the fourth quarter. Atria Investments Inc now owns 19,672 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 3,018 shares in the last quarter. Quarry LP raised its stake in shares of Chimera Investment by 1,691.7% during the fourth quarter. Quarry LP now owns 3,243 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 3,062 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Chimera Investment by 4.0% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 82,680 shares of the real estate investment trust’s stock valued at $1,158,000 after purchasing an additional 3,160 shares during the period. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chimera Investment

In other Chimera Investment news, Director Gerard Creagh bought 12,500 shares of the stock in a transaction on Tuesday, March 11th. The stock was purchased 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 directly owns 138,127 shares in the company, valued at approximately $1,838,470.37. This trade represents a 9.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Chimera Investment Trading Up 1.6 %

CIM opened at $12.35 on Friday. Chimera Investment Co. has a 12-month low of $9.85 and a 12-month high of $16.89. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.06 and a quick ratio of 3.03. The stock has a market capitalization of $999.40 million, a PE ratio of 11.43 and a beta of 1.47. The firm’s fifty day moving average price is $12.57 and its 200 day moving average price is $13.94.

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 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%. As a group, research analysts expect that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 11.98%. The ex-dividend date was Monday, March 31st. Chimera Investment’s dividend payout ratio is presently 137.04%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CIM. Royal Bank of Canada raised shares of Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th. JMP Securities reaffirmed a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

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.