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

Chimera Investment Co. (NYSE:CIM) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 2,140,000 shares, an increase of 14.4% from the June 30th total of 1,870,000 shares. Currently, 2.7% of the shares of the company are short sold. Based on an average trading volume of 669,600 shares, the short-interest ratio is currently 3.2 days.

Insiders Place Their Bets

In related news, Director Gerard Creagh acquired 10,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was acquired at an average price of $13.07 per share, with a total value of $130,700.00. Following the completion of the transaction, the director now owns 125,899 shares of the company’s stock, valued at $1,645,499.93. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Chimera Investment

Several large investors have recently made changes to their positions in CIM. SG Americas Securities LLC increased its position in shares of Chimera Investment by 14.9% during the fourth quarter. SG Americas Securities LLC now owns 127,699 shares of the real estate investment trust’s stock worth $637,000 after acquiring an additional 16,540 shares in the last quarter. Raymond James & Associates grew its position in Chimera Investment by 29.4% in the fourth quarter. Raymond James & Associates now owns 59,634 shares of the real estate investment trust’s stock valued at $298,000 after purchasing an additional 13,540 shares in the last quarter. Global Retirement Partners LLC grew its position in Chimera Investment by 148.4% in the fourth quarter. Global Retirement Partners LLC now owns 51,477 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 30,757 shares in the last quarter. Oak Thistle LLC bought a new position in Chimera Investment in the fourth quarter valued at $56,000. Finally, Visionary Horizons LLC bought a new position in Chimera Investment in the fourth quarter valued at $50,000. Institutional investors own 48.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CIM shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 target price on shares of Chimera Investment in a research note on Wednesday, July 10th. StockNews.com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.

Chimera Investment Trading Down 1.8 %

CIM traded down $0.27 during mid-day trading on Wednesday, hitting $14.75. The stock had a trading volume of 318,901 shares, compared to its average volume of 642,382. The stock’s fifty day simple moving average is $13.74 and its 200-day simple moving average is $13.54. The company has a debt-to-equity ratio of 3.70, a current ratio of 5.46 and a quick ratio of 5.46. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.82 and a beta of 1.72. Chimera Investment has a 1-year low of $11.28 and a 1-year high of $19.34.

Chimera Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a dividend of $0.35 per share. This is an increase from Chimera Investment’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, June 28th. This represents a $1.40 annualized dividend and a dividend yield of 9.49%. Chimera Investment’s dividend payout ratio is currently 91.49%.

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.