Moloney Securities Asset Management LLC Has $141,000 Position in Chimera Investment Co. (NYSE:CIM)

Moloney Securities Asset Management LLC cut its stake in Chimera Investment Co. (NYSE:CIM) by 27.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,080 shares of the real estate investment trust’s stock after selling 3,833 shares during the period. Moloney Securities Asset Management LLC’s holdings in Chimera Investment were worth $141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Prospera Private Wealth LLC acquired a new stake in Chimera Investment during the third quarter worth approximately $65,000. Simplify Asset Management Inc. acquired a new stake in Chimera Investment during the 3rd quarter worth approximately $158,000. Virtu Financial LLC acquired a new stake in Chimera Investment during the 3rd quarter worth approximately $186,000. Creative Planning acquired a new position in Chimera Investment in the 3rd quarter valued at $231,000. Finally, SG Americas Securities LLC bought a new position in Chimera Investment during the 3rd quarter worth $240,000. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Stock Down 0.5 %

Shares of CIM opened at $15.06 on Wednesday. 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 capitalization of $1.22 billion, a PE ratio of 4.56 and a beta of 1.71. The firm’s 50 day moving average is $14.50 and its 200-day moving average is $14.97. Chimera Investment Co. has a 12 month low of $11.28 and a 12 month high of $16.89.

Chimera Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.83%. Chimera Investment’s payout ratio is 44.85%.

Insider Activity

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

Analyst Ratings Changes

Separately, JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a research 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.