Insider Buying: Chimera Investment Co. (NYSE:CIM) CIO Purchases 50,000 Shares of Stock

Chimera Investment Co. (NYSE:CIM) CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of Chimera Investment stock in a transaction dated Friday, December 6th. The stock was bought at an average price of $14.70 per share, for a total transaction of $735,000.00. Following the completion of the purchase, the executive now owns 50,000 shares of the company’s stock, valued at approximately $735,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Chimera Investment Trading Up 1.5 %

Shares of NYSE:CIM opened at $14.93 on Tuesday. The company has a market cap of $1.21 billion, a PE ratio of 4.52 and a beta of 1.71. The company’s 50 day moving average is $15.13 and its two-hundred day moving average is $14.55. Chimera Investment Co. has a 52 week low of $11.28 and a 52 week high of $16.89. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 3.93.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share 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 business earned $0.39 earnings per share. Equities analysts predict that Chimera Investment Co. will post 1.5 earnings per share for the current fiscal year.

Chimera Investment Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a $0.37 dividend. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 9.91%. The ex-dividend date of this dividend was Monday, September 30th. Chimera Investment’s dividend payout ratio is currently 44.85%.

Analysts Set New Price Targets

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

Institutional Trading of Chimera Investment

Several institutional investors have recently modified their holdings of CIM. Franklin Resources Inc. increased its position in shares of Chimera Investment by 10.1% during the third quarter. Franklin Resources Inc. now owns 85,236 shares of the real estate investment trust’s stock worth $1,302,000 after purchasing an additional 7,825 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Chimera Investment in the 3rd quarter valued at about $186,000. Geode Capital Management LLC grew its stake 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 buying an additional 32,835 shares during the last quarter. Barclays PLC increased its position 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. Finally, Jane Street Group LLC lifted its stake in Chimera Investment by 5.1% in the third quarter. Jane Street Group LLC now owns 141,001 shares of the real estate investment trust’s stock valued at $2,232,000 after buying an additional 6,803 shares during the last quarter. Hedge funds and other institutional investors own 48.44% of the company’s stock.

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.