Chimera Investment (NYSE:CIM) Sets New 52-Week Low at $3.92

Shares of Chimera Investment Co. (NYSE:CIM) reached a new 52-week low on Tuesday . The stock traded as low as $3.92 and last traded at $3.94, with a volume of 143586 shares trading hands. The stock had previously closed at $4.03.

Chimera Investment Price Performance

The firm has a market capitalization of $958.20 million, a price-to-earnings ratio of 17.26 and a beta of 1.68. The company has a fifty day moving average price of $4.41 and a two-hundred day moving average price of $4.79. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.00.

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 8th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 11.08%. The ex-dividend date of this dividend is Friday, April 5th. Chimera Investment’s payout ratio is currently 191.30%.

Institutional Investors Weigh In On Chimera Investment

Large investors have recently modified their holdings of the company. Worth Asset Management LLC acquired a new stake in shares of Chimera Investment in the first quarter valued at approximately $30,000. Quarry LP acquired a new stake in shares of Chimera Investment during the first quarter worth $25,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Chimera Investment during the fourth quarter worth $25,000. Cape Investment Advisory Inc. acquired a new stake in shares of Chimera Investment during the fourth quarter worth $27,000. Finally, Principal Securities Inc. acquired a new stake in shares of Chimera Investment during the fourth quarter worth $28,000. 48.44% of the stock is owned by institutional investors and hedge funds.

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.