Chimera Investment Co. (NYSE:CIM) Shares Acquired by Atria Investments Inc

Atria Investments Inc boosted its holdings in Chimera Investment Co. (NYSE:CIM) by 18.1% in the fourth quarter, HoldingsChannel reports. The firm owned 19,672 shares of the real estate investment trust’s stock after purchasing an additional 3,018 shares during the period. Atria Investments Inc’s holdings in Chimera Investment were worth $275,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Prospera Private Wealth LLC bought a new stake in shares of Chimera Investment in the 3rd quarter worth about $65,000. Investment Partners Asset Management Inc. acquired a new position in Chimera Investment in the fourth quarter worth about $183,000. Virtu Financial LLC bought a new stake in Chimera Investment in the third quarter valued at about $186,000. BostonPremier Wealth LLC acquired a new stake in Chimera Investment during the fourth quarter valued at approximately $204,000. Finally, International Assets Investment Management LLC bought a new position in Chimera Investment during the 4th quarter worth approximately $253,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Price Performance

CIM opened at $13.76 on Tuesday. The company has a quick ratio of 3.03, a current ratio of 0.06 and a debt-to-equity ratio of 2.82. The company’s 50-day moving average price is $14.18 and its 200 day moving average price is $14.81. Chimera Investment Co. has a fifty-two week low of $11.29 and a fifty-two week high of $16.89. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 12.73 and a beta of 1.76.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings results 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 return on equity of 7.00% and a net margin of 20.28%. As a group, sell-side analysts expect that Chimera Investment Co. will post 1.57 earnings per share for the current year.

Chimera Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.76%. The ex-dividend date was Tuesday, December 31st. Chimera Investment’s dividend payout ratio (DPR) is 137.04%.

Insider Transactions at Chimera Investment

In other Chimera Investment news, Director Gerard Creagh acquired 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $13.31 per share, with a total value of $166,375.00. Following the acquisition, the director now directly owns 138,127 shares of the company’s stock, valued at $1,838,470.37. This represents a 9.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. JMP Securities reaffirmed a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd.

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.