Great Lakes Advisors LLC Lowers Stock Holdings in Chimera Investment Co. (NYSE:CIM)

Great Lakes Advisors LLC reduced its stake in shares of Chimera Investment Co. (NYSE:CIM) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,923 shares of the real estate investment trust’s stock after selling 1,041 shares during the period. Great Lakes Advisors LLC’s holdings in Chimera Investment were worth $419,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CIM. Barclays PLC raised its stake 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 purchasing an additional 137,655 shares during the period. Van ECK Associates Corp raised its position in shares of Chimera Investment by 18.9% in the 4th quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust’s stock worth $10,746,000 after buying an additional 122,088 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Chimera Investment by 67.3% in 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 worth $2,337,000 after buying an additional 59,380 shares during the period. Bank of New York Mellon Corp boosted its holdings in Chimera Investment by 15.6% in the fourth quarter. Bank of New York Mellon Corp now owns 365,603 shares of the real estate investment trust’s stock valued at $5,118,000 after acquiring an additional 49,388 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Chimera Investment during the fourth quarter valued at about $649,000. 48.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Chimera Investment

In related news, Director Gerard Creagh bought 12,500 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the purchase, the director now owns 138,127 shares of the company’s stock, valued at $1,838,470.37. This represents a 9.95 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is currently owned by insiders.

Chimera Investment Trading Up 2.4 %

NYSE CIM opened at $13.64 on Monday. Chimera Investment Co. has a 52 week low of $11.28 and a 52 week high of $16.89. The stock has a market cap of $1.10 billion, a P/E ratio of 12.62 and a beta of 1.76. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The company’s fifty day simple moving average is $14.19 and its 200-day simple moving average is $14.83.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share 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%. Equities research analysts predict that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a $0.37 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 10.85%. Chimera Investment’s dividend payout ratio is currently 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.