JPMorgan Chase & Co. Has $2.66 Million Position in Chimera Investment Co. (NYSE:CIM)

JPMorgan Chase & Co. decreased its holdings in Chimera Investment Co. (NYSE:CIM) by 21.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,830 shares of the real estate investment trust’s stock after selling 47,102 shares during the quarter. JPMorgan Chase & Co. owned 0.21% of Chimera Investment worth $2,657,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CIM. Quarry LP raised its position in Chimera Investment by 1,188.3% in the second quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 2,032 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Chimera Investment in the 3rd quarter valued at approximately $65,000. Simplify Asset Management Inc. bought a new stake in shares of Chimera Investment in the 3rd quarter valued at approximately $158,000. Virtu Financial LLC acquired a new position in shares of Chimera Investment in the 3rd quarter worth approximately $186,000. Finally, Moloney Securities Asset Management LLC lifted its position in shares of Chimera Investment by 14.1% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 1,719 shares during the period. 48.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average cost of $14.91 per share, with a total value of $745,500.00. Following the completion of the acquisition, the executive now directly owns 100,000 shares of the company’s stock, valued at $1,491,000. This represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Chimera Investment Stock Performance

Shares of NYSE:CIM opened at $14.31 on Tuesday. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. The business’s fifty day moving average price is $14.50 and its two-hundred day moving average price is $14.94. Chimera Investment Co. has a fifty-two week low of $11.28 and a fifty-two week high of $16.89. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 4.33 and a beta of 1.70.

Chimera Investment (NYSE:CIM) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. The firm had revenue of $195.30 million during the quarter, compared to the consensus estimate of $69.90 million. During the same period in the previous year, the company posted $0.39 EPS. As a group, analysts predict that Chimera Investment Co. will post 1.47 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.35%. The ex-dividend date of this dividend is Tuesday, December 31st. Chimera Investment’s dividend payout ratio (DPR) is currently 44.85%.

Chimera Investment 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.