Jack Lee Macdowell, Jr. Acquires 50,000 Shares of Chimera Investment Co. (NYSE:CIM) Stock

Chimera Investment Co. (NYSE:CIM) CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of Chimera Investment stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of $14.91 per share, for a total transaction of $745,500.00. Following the transaction, the executive now owns 100,000 shares of the company’s stock, valued at $1,491,000. This represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Chimera Investment Trading Up 1.5 %

CIM stock traded up $0.22 during trading on Monday, reaching $14.93. 593,097 shares of the stock were exchanged, compared to its average volume of 594,887. 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 firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 4.52 and a beta of 1.71. The business has a 50 day moving average price of $15.15 and a 200-day moving average price of $14.52. Chimera Investment Co. has a 1 year low of $11.28 and a 1 year high of $16.89.

Chimera Investment (NYSE:CIM) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $195.30 million during the quarter, compared to analyst estimates of $69.90 million. Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. During the same quarter in the prior year, the company posted $0.39 earnings per share. On average, research analysts predict that Chimera Investment Co. will post 1.5 earnings per share for the current year.

Chimera Investment Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a dividend of $0.37 per share. The ex-dividend date was Monday, September 30th. This is a boost from Chimera Investment’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.91%. Chimera Investment’s dividend payout ratio is currently 44.85%.

Institutional Trading of Chimera Investment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its stake in Chimera Investment by 301.6% during the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust’s stock worth $2,901,000 after buying an additional 137,655 shares during the period. Harbour Investments Inc. acquired a new stake in Chimera Investment in the 2nd quarter valued at about $796,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 worth $2,337,000 after acquiring an additional 59,380 shares during the last quarter. Geode Capital Management LLC grew its holdings in Chimera Investment by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,859,330 shares of the real estate investment trust’s stock worth $29,439,000 after acquiring an additional 32,835 shares in the last quarter. Finally, Cadent Capital Advisors LLC increased its position in shares of Chimera Investment by 12.9% in the 3rd quarter. Cadent Capital Advisors LLC now owns 266,171 shares of the real estate investment trust’s stock valued at $4,213,000 after purchasing an additional 30,393 shares during the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

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.