Chimera Investment Co. (NYSE:CIM) Stake Reduced by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its stake in Chimera Investment Co. (NYSE:CIM) by 1.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 66,231 shares of the real estate investment trust’s stock after selling 887 shares during the quarter. D.A. Davidson & CO.’s holdings in Chimera Investment were worth $927,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CIM. Moloney Securities Asset Management LLC grew its holdings in Chimera Investment by 14.1% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 1,719 shares in the last quarter. Atria Investments Inc boosted its position in Chimera Investment by 32.8% during the 3rd quarter. Atria Investments Inc now owns 16,654 shares of the real estate investment trust’s stock worth $264,000 after acquiring an additional 4,110 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Chimera Investment in the third quarter worth $65,000. SG Americas Securities LLC increased its holdings in shares of Chimera Investment by 39.2% during the fourth quarter. SG Americas Securities LLC now owns 21,138 shares of the real estate investment trust’s stock valued at $296,000 after purchasing an additional 5,951 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of Chimera Investment by 5.1% during the third quarter. Jane Street Group LLC now owns 141,001 shares of the real estate investment trust’s stock valued at $2,232,000 after purchasing an additional 6,803 shares in the last quarter. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Stock Down 0.6 %

CIM opened at $13.76 on Monday. 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 company has a market capitalization of $1.11 billion, a PE ratio of 12.73 and a beta of 1.71. The stock’s fifty day moving average is $14.34 and its 200-day moving average is $14.94. Chimera Investment Co. has a one year low of $11.28 and a one year high of $16.89.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate 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, equities analysts predict that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.76%. The ex-dividend date was Tuesday, December 31st. Chimera Investment’s dividend payout ratio is presently 137.02%.

Insider Buying and Selling

In related news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of Chimera Investment stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $14.70 per share, with a total value of $735,000.00. Following the completion of the acquisition, the executive now directly owns 50,000 shares in the company, valued at approximately $735,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. JMP Securities reiterated a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd. StockNews.com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

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.