Allspring Global Investments Holdings LLC Grows Holdings in Chimera Investment Co. (NYSE:CIM)

Allspring Global Investments Holdings LLC lifted its holdings in Chimera Investment Co. (NYSE:CIM) by 67.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,716 shares of the real estate investment trust’s stock after acquiring an additional 2,711 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Chimera Investment were worth $39,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in shares of Chimera Investment by 28.0% in the 2nd quarter. International Assets Investment Management LLC now owns 23,060 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 5,050 shares during the last quarter. Leading Edge Financial Planning LLC bought a new stake in shares of Chimera Investment in the 2nd quarter worth approximately $58,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Chimera Investment by 8.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 38,077 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 3,049 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Chimera Investment by 8.2% in the 2nd quarter. Capital Investment Advisors LLC now owns 48,447 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 3,667 shares during the last quarter. Finally, Atomi Financial Group Inc. bought a new stake in shares of Chimera Investment in the 1st quarter worth approximately $69,000. 48.19% of the stock is currently owned by institutional investors.

Chimera Investment Trading Up 1.0 %

Shares of CIM opened at $5.05 on Friday. The stock has a market capitalization of $1.15 billion, a P/E ratio of 9.71 and a beta of 1.65. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 4.12. The firm has a fifty day simple moving average of $5.22 and a two-hundred day simple moving average of $5.43. Chimera Investment Co. has a twelve month low of $4.45 and a twelve month high of $7.81.

Chimera Investment Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.44 annualized dividend and a yield of 8.71%. Chimera Investment’s payout ratio is currently 138.46%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Chimera Investment in a report on Thursday, October 5th. They set a “hold” rating for the company.

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, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.