Great Valley Advisor Group Inc. Trims Stock Position in Chimera Investment Co. (NYSE:CIM)

Great Valley Advisor Group Inc. reduced its stake in Chimera Investment Co. (NYSE:CIM) by 39.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,280 shares of the real estate investment trust’s stock after selling 7,296 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Chimera Investment were worth $56,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CIM. Charles Schwab Investment Management Inc. increased its stake in Chimera Investment by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,400,128 shares of the real estate investment trust’s stock valued at $13,105,000 after buying an additional 103,416 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Chimera Investment by 6.5% during the third quarter. Advisors Asset Management Inc. now owns 1,805,721 shares of the real estate investment trust’s stock worth $9,859,000 after acquiring an additional 110,303 shares during the period. Van ECK Associates Corp raised its holdings in Chimera Investment by 1.5% during the fourth quarter. Van ECK Associates Corp now owns 1,391,764 shares of the real estate investment trust’s stock worth $6,945,000 after purchasing an additional 20,300 shares in the last quarter. Wolverine Asset Management LLC lifted its position in Chimera Investment by 261.9% in the fourth quarter. Wolverine Asset Management LLC now owns 1,141,057 shares of the real estate investment trust’s stock valued at $5,694,000 after purchasing an additional 825,743 shares during the period. Finally, UBS Group AG boosted its holdings in Chimera Investment by 53.3% in the 3rd quarter. UBS Group AG now owns 722,064 shares of the real estate investment trust’s stock valued at $3,942,000 after purchasing an additional 251,085 shares in the last quarter. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Stock Performance

Shares of CIM stock opened at $4.28 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. The stock has a 50 day simple moving average of $4.33 and a 200-day simple moving average of $4.69. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 18.61 and a beta of 1.68. Chimera Investment Co. has a 12-month low of $3.92 and a 12-month high of $6.49.

Chimera Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 8th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 10.28%. The ex-dividend date of this dividend was Friday, April 5th. Chimera Investment’s dividend payout ratio (DPR) is currently 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.