Bleakley Financial Group LLC Buys 4,762 Shares of Chimera Investment Co. (NYSE:CIM)

Bleakley Financial Group LLC lifted its stake in shares of Chimera Investment Co. (NYSE:CIM) by 32.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,529 shares of the real estate investment trust’s stock after purchasing an additional 4,762 shares during the period. Bleakley Financial Group LLC’s holdings in Chimera Investment were worth $97,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CIM. Worth Asset Management LLC acquired a new position in Chimera Investment during the 1st quarter worth $30,000. Quarry LP bought a new stake in shares of Chimera Investment during the first quarter worth $25,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Chimera Investment during the fourth quarter valued at $25,000. Manchester Capital Management LLC bought a new position in Chimera Investment in the third quarter valued at about $38,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Chimera Investment by 57.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 7,100 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 2,600 shares during the last quarter. 48.44% of the stock is owned by institutional investors.

Chimera Investment Stock Performance

Shares of NYSE:CIM opened at $3.97 on Wednesday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.00. Chimera Investment Co. has a 1-year low of $3.92 and a 1-year high of $6.49. The stock has a market capitalization of $956.99 million, a P/E ratio of 17.24 and a beta of 1.68. The business has a 50-day moving average price of $4.42 and a two-hundred day moving average price of $4.79.

Chimera Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 8th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 11.10%. The ex-dividend date is Friday, April 5th. Chimera Investment’s dividend payout ratio (DPR) is 191.30%.

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.