Chimera Investment Co. (NYSE:CIM) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its position in shares of Chimera Investment Co. (NYSE:CIM) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,231 shares of the real estate investment trust’s stock after selling 887 shares during the quarter. D.A. Davidson & CO. owned approximately 0.08% of Chimera Investment worth $927,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CIM. Prospera Private Wealth LLC purchased a new stake in Chimera Investment in the third quarter valued at approximately $65,000. Simplify Asset Management Inc. acquired a new position in shares of Chimera Investment in the 3rd quarter valued at $158,000. Virtu Financial LLC purchased a new stake in shares of Chimera Investment during the 3rd quarter valued at $186,000. Investment Partners Asset Management Inc. acquired a new stake in shares of Chimera Investment during the 4th quarter worth $183,000. Finally, Moloney Securities Asset Management LLC raised its position in shares of 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 buying an additional 1,719 shares during the period. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Stock Performance

Shares of CIM stock opened at $13.76 on Monday. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The company has a market cap of $1.11 billion, a PE ratio of 12.73 and a beta of 1.71. The company’s fifty day simple moving average is $14.34 and its 200-day simple moving average is $14.94. Chimera Investment Co. has a 52 week low of $11.28 and a 52 week high of $16.89.

Chimera Investment (NYSE:CIM) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. As a group, equities research analysts anticipate that Chimera Investment Co. will post 1.57 EPS for the current year.

Chimera Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 10.76%. The ex-dividend date was Tuesday, December 31st. Chimera Investment’s dividend payout ratio is presently 137.02%.

Insider Buying and Selling at Chimera Investment

In other news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was bought at an average cost of $14.91 per share, with a total value 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 represents a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.91% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd. StockNews.com cut Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

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.