International Assets Investment Management LLC Invests $253,000 in Chimera Investment Co. (NYSE:CIM)

International Assets Investment Management LLC purchased a new position in Chimera Investment Co. (NYSE:CIM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 17,983 shares of the real estate investment trust’s stock, valued at approximately $253,000.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP boosted its position in shares of Chimera Investment by 1,188.3% in the 2nd quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 2,032 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Chimera Investment in the 3rd quarter worth approximately $65,000. Simplify Asset Management Inc. bought a new stake in shares of Chimera Investment in the 3rd quarter worth approximately $158,000. Virtu Financial LLC purchased a new position in Chimera Investment in the 3rd quarter worth approximately $186,000. Finally, Moloney Securities Asset Management LLC raised its holdings in Chimera Investment by 14.1% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 1,719 shares during the last quarter. 48.44% of the stock is owned by institutional investors.

Chimera Investment Price Performance

Shares of NYSE CIM opened at $13.66 on Monday. Chimera Investment Co. has a twelve month low of $11.28 and a twelve month high of $16.89. The firm has a market cap of $1.10 billion, a P/E ratio of 4.14 and a beta of 1.70. The company has a 50 day moving average of $14.61 and a 200 day moving average of $14.89. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.93.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share 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 firm had revenue of $195.30 million during the quarter, compared to analysts’ expectations of $69.90 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. As a group, research analysts expect that Chimera Investment Co. will post 1.47 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 10.83%. Chimera Investment’s payout ratio is currently 44.85%.

Insider Buying and Selling

In related news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was acquired at an average cost of $14.91 per share, for a total transaction of $745,500.00. Following the purchase, the executive now owns 100,000 shares in the company, valued at approximately $1,491,000. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is owned by company insiders.

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.