Barclays PLC Increases Position in Chimera Investment Co. (NYSE:CIM)

Barclays PLC lifted its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 301.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 183,295 shares of the real estate investment trust’s stock after acquiring an additional 137,655 shares during the quarter. Barclays PLC’s holdings in Chimera Investment were worth $2,901,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Chimera Investment by 67.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,621 shares of the real estate investment trust’s stock valued at $2,337,000 after acquiring an additional 59,380 shares during the last quarter. State Street Corp grew its holdings in Chimera Investment by 0.4% during the third quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust’s stock valued at $31,010,000 after purchasing an additional 7,595 shares during the period. Jane Street Group LLC increased its position in Chimera Investment by 5.1% in the third quarter. Jane Street Group LLC now owns 141,001 shares of the real estate investment trust’s stock worth $2,232,000 after buying an additional 6,803 shares during the last quarter. Harbour Investments Inc. bought a new stake in shares of Chimera Investment in the second quarter valued at $796,000. Finally, Quarry LP lifted its position in shares of Chimera Investment by 1,188.3% during the 2nd quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 2,032 shares during the last quarter. 48.44% of the stock is currently owned by institutional investors.

Insider Transactions at Chimera Investment

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

Chimera Investment Trading Up 0.7 %

Shares of CIM opened at $14.37 on Wednesday. Chimera Investment Co. has a fifty-two week low of $11.28 and a fifty-two week high of $16.89. The business has a 50-day moving average of $15.00 and a 200 day moving average of $14.77. The firm has a market cap of $1.16 billion, a P/E ratio of 4.35 and a beta of 1.71. The company has a debt-to-equity ratio of 3.93, a quick ratio of 3.03 and a current ratio of 3.03.

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

Chimera Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 10.30%. Chimera Investment’s dividend payout ratio is currently 44.85%.

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.