Quarry LP Has $45,000 Position in Chimera Investment Co. (NYSE:CIM)

Quarry LP raised its stake in shares of Chimera Investment Co. (NYSE:CIM) by 1,691.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,243 shares of the real estate investment trust’s stock after acquiring an additional 3,062 shares during the quarter. Quarry LP’s holdings in Chimera Investment were worth $45,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CIM. Crossingbridge Advisors LLC bought a new position in Chimera Investment during the 4th quarter valued at about $700,000. Voya Investment Management LLC raised its stake in shares of Chimera Investment by 23.5% in the fourth quarter. Voya Investment Management LLC now owns 33,536 shares of the real estate investment trust’s stock valued at $470,000 after acquiring an additional 6,373 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Chimera Investment by 10.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 78,703 shares of the real estate investment trust’s stock worth $1,102,000 after acquiring an additional 7,595 shares in the last quarter. Dark Forest Capital Management LP grew its position in Chimera Investment by 77.8% during the 4th quarter. Dark Forest Capital Management LP now owns 23,985 shares of the real estate investment trust’s stock worth $336,000 after acquiring an additional 10,498 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in Chimera Investment by 161.6% during the 4th quarter. Hsbc Holdings PLC now owns 28,135 shares of the real estate investment trust’s stock valued at $391,000 after purchasing an additional 17,378 shares in the last quarter. Institutional investors and hedge funds own 48.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. JMP Securities restated a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd. StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada raised shares of Chimera Investment to a “moderate buy” rating in a research note on Friday, March 14th.

Chimera Investment Stock Up 1.6 %

Shares of CIM opened at $12.35 on Friday. The firm has a market capitalization of $999.40 million, a price-to-earnings ratio of 11.43 and a beta of 1.47. Chimera Investment Co. has a 52 week low of $9.85 and a 52 week high of $16.89. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. The business’s fifty day moving average price is $12.57 and its two-hundred day moving average price is $13.94.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. On average, analysts predict that Chimera Investment Co. will post 1.57 earnings per share for the current year.

Chimera Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.37 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.48 annualized dividend and a yield of 11.98%. Chimera Investment’s dividend payout ratio is currently 137.04%.

Insider Buying and Selling at Chimera Investment

In related news, Director Gerard Creagh purchased 12,500 shares of the business’s stock in a transaction dated 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 purchase, the director now directly owns 138,127 shares in the company, valued at $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 link. 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.