Wolverine Asset Management LLC Buys 42,741 Shares of Chimera Investment Co. (NYSE:CIM)

Wolverine Asset Management LLC increased its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 28.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,895 shares of the real estate investment trust’s stock after purchasing an additional 42,741 shares during the period. Wolverine Asset Management LLC’s holdings in Chimera Investment were worth $2,673,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CIM. Barclays PLC lifted its holdings in shares of Chimera Investment by 301.6% during the 3rd quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust’s stock valued at $2,901,000 after purchasing an additional 137,655 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Chimera Investment by 18.9% during the 4th quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust’s stock valued at $10,746,000 after purchasing an additional 122,088 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Chimera Investment by 67.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,621 shares of the real estate investment trust’s stock valued at $2,337,000 after purchasing an additional 59,380 shares in the last quarter. Manning & Napier Advisors LLC lifted its holdings in shares of Chimera Investment by 66.7% during the 4th quarter. Manning & Napier Advisors LLC now owns 100,000 shares of the real estate investment trust’s stock valued at $1,400,000 after purchasing an additional 40,000 shares in the last quarter. Finally, AlphaCentric Advisors LLC lifted its holdings in shares of Chimera Investment by 256.6% during the 4th quarter. AlphaCentric Advisors LLC now owns 50,000 shares of the real estate investment trust’s stock valued at $700,000 after purchasing an additional 35,978 shares in the last quarter. Institutional investors own 48.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CIM shares. StockNews.com cut Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd.

Chimera Investment Stock Down 0.6 %

NYSE:CIM opened at $13.76 on Friday. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.73 and a beta of 1.71. Chimera Investment Co. has a twelve month low of $11.28 and a twelve month high of $16.89. The stock’s 50 day moving average price is $14.34 and its two-hundred day moving average price is $14.93. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.93.

Chimera Investment (NYSE:CIM) last issued its earnings results 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 return on equity of 6.91% and a net margin of 20.28%. Equities research analysts expect that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Announces Dividend

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

Insider Activity at Chimera Investment

In other news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of Chimera Investment 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 purchase, the executive now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

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.