Chimera Investment Co. (NYSE:CIM) Stock Position Reduced by LPL Financial LLC

LPL Financial LLC trimmed its position in Chimera Investment Co. (NYSE:CIM) by 7.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,417 shares of the real estate investment trust’s stock after selling 6,488 shares during the quarter. LPL Financial LLC owned approximately 0.09% of Chimera Investment worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CIM. Hillsdale Investment Management Inc. bought a new position in shares of Chimera Investment during the fourth quarter worth about $65,000. Investment Partners Asset Management Inc. acquired a new position in shares of Chimera Investment in the 4th quarter valued at $183,000. Virtu Financial LLC purchased a new stake in shares of Chimera Investment in the 3rd quarter valued at approximately $186,000. BostonPremier Wealth LLC purchased a new stake in Chimera Investment in the 4th quarter worth about $204,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Chimera Investment in the 4th quarter valued at approximately $249,000. 48.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Royal Bank of Canada raised Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th. Finally, JMP Securities reiterated a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd.

Chimera Investment Stock Up 3.2 %

NYSE:CIM opened at $11.37 on Friday. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. Chimera Investment Co. has a 1 year low of $9.85 and a 1 year high of $16.89. The stock has a 50-day moving average price of $12.96 and a two-hundred day moving average price of $14.16. The stock has a market cap of $919.69 million, a price-to-earnings ratio of 10.52 and a beta of 1.47.

Chimera Investment (NYSE:CIM) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. As a group, equities analysts expect that Chimera Investment Co. will post 1.57 earnings per share for the current year.

Chimera Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 13.02%. The ex-dividend date of this dividend is Monday, March 31st. Chimera Investment’s payout ratio is currently 137.04%.

Insider Buying and Selling at Chimera Investment

In related news, Director Gerard Creagh purchased 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the purchase, the director now owns 138,127 shares in the company, valued at approximately $1,838,470.37. This represents a 9.95 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Chimera Investment Company Profile

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.