Chimera Investment Co. (NYSE:CIM) Shares Acquired by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC lifted its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 66.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,000 shares of the real estate investment trust’s stock after buying an additional 40,000 shares during the period. Manning & Napier Advisors LLC’s holdings in Chimera Investment were worth $1,400,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Marshall Wace LLP acquired a new stake in Chimera Investment in the second quarter valued at about $217,000. Quarry LP lifted its position in Chimera Investment by 1,188.3% in the second quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 2,032 shares during the period. SG Americas Securities LLC acquired a new stake in Chimera Investment in the third quarter valued at about $240,000. Creative Planning acquired a new stake in Chimera Investment in the third quarter valued at about $231,000. Finally, Cadent Capital Advisors LLC lifted its position in Chimera Investment by 12.9% in the third quarter. Cadent Capital Advisors LLC now owns 266,171 shares of the real estate investment trust’s stock valued at $4,213,000 after purchasing an additional 30,393 shares during the period. Institutional investors and hedge funds own 48.44% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities restated a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd.

Chimera Investment Trading Up 2.7 %

Shares of Chimera Investment stock opened at $14.70 on Friday. Chimera Investment Co. has a 12-month low of $11.28 and a 12-month high of $16.89. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 3.93. The stock has a market cap of $1.19 billion, a PE ratio of 4.45 and a beta of 1.70. The company has a 50-day moving average of $14.46 and a two-hundred day moving average of $14.97.

Chimera Investment (NYSE:CIM) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. The company had revenue of $195.30 million during the quarter, compared to analysts’ expectations of $69.90 million. During the same period last year, the business posted $0.39 earnings per share. On average, research analysts anticipate that Chimera Investment Co. will post 1.47 EPS for the current fiscal year.

Chimera Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.07%. Chimera Investment’s dividend payout ratio (DPR) is 44.85%.

Insider Transactions at Chimera Investment

In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of $14.91 per share, with a total value of $745,500.00. Following the purchase, the executive now directly owns 100,000 shares in the company, valued at approximately $1,491,000. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.91% of the company’s stock.

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.