Mariner LLC Purchases 43,935 Shares of Chimera Investment Co. (NYSE:CIM)

Mariner LLC increased its stake in Chimera Investment Co. (NYSE:CIM) by 50.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 130,729 shares of the real estate investment trust’s stock after purchasing an additional 43,935 shares during the quarter. Mariner LLC’s holdings in Chimera Investment were worth $1,830,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new stake in Chimera Investment during the 4th quarter valued at approximately $56,000. Hillsdale Investment Management Inc. bought a new position in Chimera Investment during the fourth quarter valued at $65,000. Summit Securities Group LLC purchased a new position in shares of Chimera Investment in the 4th quarter worth $111,000. Virtu Financial LLC purchased a new stake in shares of Chimera Investment during the 3rd quarter valued at about $186,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Chimera Investment in the 4th quarter valued at about $170,000. Institutional investors own 48.44% of the company’s stock.

Insider Buying and Selling

In related news, Director Gerard Creagh bought 12,500 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $13.31 per share, for a total transaction of $166,375.00. Following the purchase, the director now directly owns 138,127 shares of the company’s stock, valued at approximately $1,838,470.37. The trade was a 9.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JMP Securities restated a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd. Royal Bank of Canada upgraded Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th. Finally, StockNews.com downgraded Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th.

Chimera Investment Stock Up 1.4 %

Shares of NYSE CIM opened at $11.74 on Friday. The company has a market cap of $950.04 million, a P/E ratio of 10.87 and a beta of 1.47. The firm has a 50-day simple moving average of $12.76 and a two-hundred day simple moving average of $14.07. Chimera Investment Co. has a 1 year low of $9.85 and a 1 year high of $16.89. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.06 and a quick ratio of 3.03.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. Research analysts anticipate that Chimera Investment Co. will post 1.57 earnings per share for the current year.

Chimera Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.61%. The ex-dividend date is Monday, March 31st. Chimera Investment’s payout ratio is presently 137.04%.

Chimera Investment Company 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.