Arkadios Wealth Advisors Buys 16,482 Shares of Chimera Investment Co. (NYSE:CIM)

Arkadios Wealth Advisors lifted its stake in shares of Chimera Investment Co. (NYSE:CIM) by 121.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,028 shares of the real estate investment trust’s stock after purchasing an additional 16,482 shares during the period. Arkadios Wealth Advisors’ holdings in Chimera Investment were worth $384,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cape Investment Advisory Inc. bought a new stake in Chimera Investment during the fourth quarter worth $27,000. Principal Securities Inc. bought a new stake in shares of Chimera Investment in the 4th quarter valued at about $28,000. Symphony Financial Ltd. Co. acquired a new stake in Chimera Investment in the 1st quarter valued at about $63,000. Cetera Advisors LLC acquired a new stake in Chimera Investment in the 1st quarter valued at about $63,000. Finally, Simplicity Wealth LLC bought a new position in Chimera Investment during the first quarter worth about $72,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Chimera Investment from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. StockNews.com cut Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Insider Transactions at Chimera Investment

In other Chimera Investment news, Director Gerard Creagh purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were acquired at an average cost of $13.07 per share, for a total transaction of $130,700.00. Following the completion of the purchase, the director now owns 125,899 shares of the company’s stock, valued at approximately $1,645,499.93. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.91% of the company’s stock.

Chimera Investment Stock Down 0.1 %

Shares of CIM opened at $15.49 on Friday. The firm has a market cap of $1.25 billion, a P/E ratio of 10.12 and a beta of 1.72. The company has a debt-to-equity ratio of 3.70, a quick ratio of 5.46 and a current ratio of 5.46. Chimera Investment Co. has a 52 week low of $11.28 and a 52 week high of $18.78. The firm’s 50-day simple moving average is $14.38 and its 200 day simple moving average is $13.58.

Chimera Investment (NYSE:CIM) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03. The company had revenue of $186.72 million for the quarter, compared to the consensus estimate of $66.50 million. Chimera Investment had a return on equity of 7.46% and a net margin of 25.73%. During the same quarter in the prior year, the business earned $0.36 earnings per share. On average, analysts forecast that Chimera Investment Co. will post 1.41 earnings per share for the current year.

Chimera Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were given a dividend of $0.35 per share. This is a boost from Chimera Investment’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, June 28th. This represents a $1.40 annualized dividend and a yield of 9.04%. Chimera Investment’s dividend payout ratio (DPR) is presently 91.50%.

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.