Arkadios Wealth Advisors Sells 12,777 Shares of Chimera Investment Co. (NYSE:CIM)

Arkadios Wealth Advisors lessened its stake in shares of Chimera Investment Co. (NYSE:CIMFree Report) by 45.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,097 shares of the real estate investment trust’s stock after selling 12,777 shares during the period. Arkadios Wealth Advisors’ holdings in Chimera Investment were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. State Street Corp lifted its holdings in shares of Chimera Investment by 0.4% in the 3rd quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust’s stock worth $31,010,000 after buying an additional 7,595 shares during the period. Geode Capital Management LLC grew its holdings in Chimera Investment by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,859,330 shares of the real estate investment trust’s stock worth $29,439,000 after acquiring an additional 32,835 shares in the last quarter. Leeward Investments LLC MA boosted its stake in shares of Chimera Investment by 1.7% during the third quarter. Leeward Investments LLC MA now owns 859,955 shares of the real estate investment trust’s stock valued at $13,613,000 after purchasing an additional 14,622 shares in the last quarter. Cadent Capital Advisors LLC lifted its stake in shares of Chimera Investment by 12.9% during the 3rd quarter. Cadent Capital Advisors LLC now owns 266,171 shares of the real estate investment trust’s stock worth $4,213,000 after purchasing an additional 30,393 shares during the last quarter. Finally, Barclays PLC boosted its stake in Chimera Investment by 301.6% in the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust’s stock valued at $2,901,000 after acquiring an additional 137,655 shares in the last quarter. 48.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average price of $14.91 per share, for a total transaction of $745,500.00. Following the completion of the purchase, the executive now directly owns 100,000 shares of the company’s stock, valued at $1,491,000. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a report on Thursday.

Read Our Latest Report on CIM

Chimera Investment Trading Up 0.6 %

Shares of CIM stock opened at $14.36 on Friday. The stock has a 50 day simple moving average of $14.47 and a 200-day simple moving average of $14.95. Chimera Investment Co. has a 1-year low of $11.28 and a 1-year high of $16.89. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 4.35 and a beta of 1.70. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03.

Chimera Investment (NYSE:CIMGet Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $195.30 million during the quarter, compared to analyst estimates of $69.90 million. Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. During the same period in the prior year, the business posted $0.39 EPS. On average, equities research analysts expect that Chimera Investment Co. will post 1.47 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 10.31%. Chimera Investment’s dividend payout ratio is currently 44.85%.

Chimera Investment Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chimera Investment (NYSE:CIM)

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