Chimera Investment Co. (NYSE:CIM) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC decreased its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 63.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,194 shares of the real estate investment trust’s stock after selling 21,300 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Chimera Investment were worth $156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank purchased a new position in shares of Chimera Investment during the 4th quarter worth about $7,832,000. MGO One Seven LLC increased its position in Chimera Investment by 2,943.7% during the fourth quarter. MGO One Seven LLC now owns 990,356 shares of the real estate investment trust’s stock worth $4,942,000 after purchasing an additional 957,818 shares during the last quarter. Vanguard Group Inc. raised its stake in Chimera Investment by 2.0% during the first quarter. Vanguard Group Inc. now owns 23,107,649 shares of the real estate investment trust’s stock worth $106,526,000 after purchasing an additional 459,838 shares during the period. Pinebridge Investments L.P. boosted its holdings in shares of Chimera Investment by 87.6% in the 4th quarter. Pinebridge Investments L.P. now owns 546,611 shares of the real estate investment trust’s stock valued at $2,728,000 after purchasing an additional 255,214 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Chimera Investment by 16.2% during the 4th quarter. Allianz Asset Management GmbH now owns 1,652,360 shares of the real estate investment trust’s stock valued at $8,245,000 after buying an additional 229,925 shares during the period. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gerard Creagh bought 10,000 shares of Chimera Investment stock in a transaction dated Monday, June 17th. The shares were acquired at an average cost of $13.07 per share, with a total value of $130,700.00. Following the completion of the transaction, the director now owns 125,899 shares in the company, valued at approximately $1,645,499.93. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CIM has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on Chimera Investment from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. StockNews.com lowered Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Chimera Investment Price Performance

Chimera Investment stock opened at $15.49 on Friday. The company has a quick ratio of 5.46, a current ratio of 5.46 and a debt-to-equity ratio of 3.70. The firm has a market capitalization of $1.25 billion, a P/E ratio of 10.12 and a beta of 1.72. The firm has a fifty day moving average of $14.38 and a 200-day moving average of $13.58. Chimera Investment Co. has a 52-week low of $11.28 and a 52-week high of $18.78.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03. Chimera Investment had a return on equity of 7.46% and a net margin of 25.73%. The firm had revenue of $186.72 million during the quarter, compared to the consensus estimate of $66.50 million. During the same period in the prior year, the firm earned $0.36 EPS. As a group, analysts predict that Chimera Investment Co. will post 1.41 EPS for the current year.

Chimera Investment Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were given a dividend of $0.35 per share. The ex-dividend date was Friday, June 28th. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 9.04%. Chimera Investment’s payout ratio is 91.50%.

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.