BostonPremier Wealth LLC Buys Shares of 14,539 Chimera Investment Co. (NYSE:CIM)

BostonPremier Wealth LLC bought a new stake in shares of Chimera Investment Co. (NYSE:CIM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,539 shares of the real estate investment trust’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CIM. Prospera Private Wealth LLC acquired a new stake in shares of Chimera Investment during the 3rd quarter worth approximately $65,000. Simplify Asset Management Inc. acquired a new stake in shares of Chimera Investment during the 3rd quarter worth approximately $158,000. Virtu Financial LLC acquired a new stake in shares of Chimera Investment during the 3rd quarter worth approximately $186,000. Moloney Securities Asset Management LLC grew its position in shares of Chimera Investment by 14.1% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 1,719 shares during the period. Finally, Creative Planning acquired a new stake in shares of Chimera Investment during the 3rd quarter worth approximately $231,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Price Performance

Shares of CIM opened at $15.13 on Tuesday. Chimera Investment Co. has a 12-month low of $11.28 and a 12-month high of $16.89. The business’s fifty day moving average is $14.49 and its 200 day moving average is $14.97. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.93. The stock has a market cap of $1.22 billion, a P/E ratio of 4.58 and a beta of 1.71.

Chimera Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.78%. The ex-dividend date of this dividend was Tuesday, December 31st. Chimera Investment’s dividend payout ratio is currently 44.85%.

Insider Buying and Selling

In related news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the company’s stock in a transaction on Friday, December 6th. The shares were acquired at an average cost of $14.70 per share, for a total transaction of $735,000.00. Following the purchase, the executive now owns 50,000 shares in the company, valued at approximately $735,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd.

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.