Chimera Investment Co. (NYSE:CIM) Short Interest Update

Chimera Investment Co. (NYSE:CIM) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,570,000 shares, a growth of 49.5% from the January 31st total of 1,050,000 shares. Based on an average trading volume of 558,400 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.0% of the shares of the company are sold short.

Analysts Set New Price Targets

CIM has been the subject of a number of recent research reports. StockNews.com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd.

Insiders Place Their Bets

In other 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 stock was acquired at an average cost of $14.91 per share, for a total transaction of $745,500.00. Following the completion of the purchase, the executive now owns 100,000 shares of the company’s stock, valued at $1,491,000. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Chimera Investment

Several large investors have recently added to or reduced their stakes in the company. Quarry LP raised its stake in shares of Chimera Investment by 1,691.7% in the fourth quarter. Quarry LP now owns 3,243 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 3,062 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in Chimera Investment during the 4th quarter valued at $56,000. Prospera Private Wealth LLC bought a new position in Chimera Investment in the 3rd quarter valued at $65,000. Hillsdale Investment Management Inc. acquired a new position in Chimera Investment in the fourth quarter worth $65,000. Finally, Summit Securities Group LLC bought a new stake in shares of Chimera Investment during the fourth quarter worth $111,000. 48.44% of the stock is owned by institutional investors.

Chimera Investment Price Performance

Shares of Chimera Investment stock traded down $0.08 during midday trading on Monday, hitting $14.15. 747,576 shares of the company were exchanged, compared to its average volume of 575,999. The firm has a 50 day simple moving average of $14.28 and a 200-day simple moving average of $14.93. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.06 and a quick ratio of 3.03. The firm has a market cap of $1.15 billion, a P/E ratio of 13.10 and a beta of 1.71. Chimera Investment 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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 forecast that Chimera Investment will post 1.57 earnings per share for the current year.

Chimera Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 10.46%. Chimera Investment’s dividend payout ratio (DPR) is presently 137.04%.

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.