Chimera Investment Co. (NYSE:CIM) Shares Sold by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC lessened its stake in Chimera Investment Co. (NYSE:CIM) by 34.6% during the fourth quarter, Holdings Channel reports. The firm owned 174,033 shares of the real estate investment trust’s stock after selling 92,138 shares during the period. Chimera Investment makes up about 0.8% of Cadent Capital Advisors LLC’s holdings, making the stock its 28th biggest holding. Cadent Capital Advisors LLC’s holdings in Chimera Investment were worth $2,436,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CIM. Quarry LP grew its position in Chimera Investment by 1,188.3% during the second quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 2,032 shares during the period. Prospera Private Wealth LLC purchased a new stake in shares of Chimera Investment during the 3rd quarter worth about $65,000. Simplify Asset Management Inc. acquired a new stake in Chimera Investment during the 3rd quarter worth approximately $158,000. Virtu Financial LLC purchased a new position in Chimera Investment in the third quarter valued at approximately $186,000. Finally, Marshall Wace LLP acquired a new position in Chimera Investment during the second quarter valued at approximately $217,000. 48.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of Chimera Investment stock in a transaction on Monday, December 9th. The shares were bought at an average price of $14.91 per share, with a total value of $745,500.00. Following the acquisition, the executive now directly owns 100,000 shares in the company, valued at approximately $1,491,000. This represents a 100.00 % increase in their position. The purchase 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.

Chimera Investment Trading Down 0.7 %

Shares of Chimera Investment stock traded down $0.09 during trading hours on Monday, hitting $13.55. The company’s stock had a trading volume of 409,446 shares, compared to its average volume of 496,278. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.93. The company has a market capitalization of $1.10 billion, a PE ratio of 4.11 and a beta of 1.70. The business has a fifty day moving average of $14.61 and a 200 day moving average of $14.89. Chimera Investment Co. has a 1-year low of $11.28 and a 1-year high of $16.89.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. The company had revenue of $195.30 million for the quarter, compared to analyst estimates of $69.90 million. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, equities analysts forecast that Chimera Investment Co. will post 1.47 EPS for the current year.

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 10.92%. The ex-dividend date of this dividend is Tuesday, December 31st. Chimera Investment’s dividend payout ratio (DPR) is 44.85%.

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.