Sei Investments Co. Sells 5,138 Shares of Chimera Investment Co. (NYSE:CIM)

Sei Investments Co. cut its stake in shares of Chimera Investment Co. (NYSE:CIM) by 21.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,328 shares of the real estate investment trust’s stock after selling 5,138 shares during the period. Sei Investments Co.’s holdings in Chimera Investment were worth $271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Investment Partners Asset Management Inc. bought a new stake in Chimera Investment during the 4th quarter worth approximately $183,000. Virtu Financial LLC purchased a new stake in shares of Chimera Investment in the third quarter worth $186,000. BostonPremier Wealth LLC purchased a new stake in shares of Chimera Investment in the fourth quarter worth $204,000. International Assets Investment Management LLC bought a new stake in Chimera Investment during the fourth quarter valued at $253,000. Finally, Empowered Funds LLC purchased a new stake in shares of Chimera Investment in the 4th quarter valued at about $264,000. 48.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chimera Investment

In other news, Director Gerard Creagh purchased 12,500 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $13.31 per share, with a total value of $166,375.00. Following the acquisition, the director now directly owns 138,127 shares in the company, valued at approximately $1,838,470.37. The trade was a 9.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.91% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CIM has been the topic of several research analyst reports. JMP Securities restated a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd. Royal Bank of Canada raised shares of Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th. Finally, StockNews.com downgraded shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

Chimera Investment Stock Down 5.5 %

Shares of CIM opened at $10.85 on Friday. The firm has a market cap of $878.34 million, a P/E ratio of 10.05 and a beta of 1.47. Chimera Investment Co. has a 1 year low of $9.85 and a 1 year high of $16.89. The stock has a 50 day simple moving average of $13.45 and a two-hundred day simple moving average of $14.36. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.06 and a quick ratio of 3.03.

Chimera Investment (NYSE:CIM) last released its 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 net margin of 20.28% and a return on equity of 7.00%. On average, analysts forecast that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.64%. The ex-dividend date is Monday, March 31st. Chimera Investment’s dividend payout ratio (DPR) is presently 137.04%.

Chimera Investment Company 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.