BNP Paribas Financial Markets Buys 18,935 Shares of Chimera Investment Co. (NYSE:CIM)

BNP Paribas Financial Markets raised its stake in Chimera Investment Co. (NYSE:CIM) by 105.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,854 shares of the real estate investment trust’s stock after acquiring an additional 18,935 shares during the quarter. BNP Paribas Financial Markets’ holdings in Chimera Investment were worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cetera Advisors LLC purchased a new stake in Chimera Investment during the 1st quarter worth about $63,000. AlphaCentric Advisors LLC bought a new position in shares of Chimera Investment in the 2nd quarter worth $179,000. Harbour Investments Inc. bought a new position in shares of Chimera Investment in the 2nd quarter worth $796,000. Arkadios Wealth Advisors boosted its holdings in shares of Chimera Investment by 121.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 30,028 shares of the real estate investment trust’s stock worth $384,000 after purchasing an additional 16,482 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Chimera Investment in the 2nd quarter worth approximately $217,000. 48.44% of the stock is owned by institutional investors.

Chimera Investment Stock Up 0.7 %

CIM opened at $15.07 on Friday. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 3.93. Chimera Investment Co. has a 12 month low of $11.28 and a 12 month high of $16.89. The business’s 50-day moving average price is $15.10 and its 200-day moving average price is $14.60. The company has a market cap of $1.22 billion, a P/E ratio of 4.57 and a beta of 1.71.

Chimera Investment (NYSE:CIM) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm 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 period in the previous year, the firm earned $0.39 earnings per share. On average, equities analysts expect that Chimera Investment Co. will post 1.47 EPS for the current year.

Chimera Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.37 dividend. The ex-dividend date was Monday, September 30th. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 9.82%. Chimera Investment’s dividend payout ratio is 44.85%.

Insider Transactions at Chimera Investment

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

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.