Virtu Financial LLC Buys Shares of 11,751 Chimera Investment Co. (NYSE:CIM)

Virtu Financial LLC purchased a new position in shares of Chimera Investment Co. (NYSE:CIM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,751 shares of the real estate investment trust’s stock, valued at approximately $186,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaCentric Advisors LLC acquired a new position in shares of Chimera Investment during the second quarter worth $179,000. Harbour Investments Inc. acquired a new position in Chimera Investment during the 2nd quarter worth about $796,000. Arkadios Wealth Advisors grew its position 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 valued at $384,000 after buying an additional 16,482 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Chimera Investment in the second quarter valued at about $217,000. Finally, Quarry LP raised its position in shares of Chimera Investment by 1,188.3% during the second quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 2,032 shares during the last quarter. Institutional investors and hedge funds own 48.44% of the company’s stock.

Insider Buying and Selling at Chimera Investment

In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of the business’s 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 directly owns 100,000 shares in the company, valued at approximately $1,491,000. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Chimera Investment Price Performance

Chimera Investment stock opened at $14.23 on Thursday. The firm has a market cap of $1.15 billion, a P/E ratio of 4.31 and a beta of 1.71. The stock’s 50 day moving average is $15.08 and its 200 day moving average is $14.68. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. Chimera Investment Co. has a one year low of $11.28 and a one year high of $16.89.

Chimera Investment (NYSE:CIM) last posted 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). Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. The firm had revenue of $195.30 million during the quarter, compared to the consensus estimate of $69.90 million. During the same period in the prior year, the company posted $0.39 earnings per share. As a group, research analysts expect that Chimera Investment Co. will post 1.47 EPS for the current year.

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.