Nisa Investment Advisors LLC Trims Stock Holdings in Chimera Investment Co. (NYSE:CIM)

Nisa Investment Advisors LLC lessened its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 19.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,308 shares of the real estate investment trust’s stock after selling 5,016 shares during the period. Nisa Investment Advisors LLC’s holdings in Chimera Investment were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Barclays PLC raised its holdings in Chimera Investment by 301.6% in the 3rd quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust’s stock worth $2,901,000 after purchasing an additional 137,655 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Chimera Investment by 67.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,621 shares of the real estate investment trust’s stock worth $2,337,000 after acquiring an additional 59,380 shares during the last quarter. Geode Capital Management LLC boosted its stake in Chimera Investment by 1.8% during the third quarter. Geode Capital Management LLC now owns 1,859,330 shares of the real estate investment trust’s stock worth $29,439,000 after buying an additional 32,835 shares during the period. Cadent Capital Advisors LLC lifted its stake in Chimera Investment by 12.9% during the third 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 in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Chimera Investment by 46.2% during the third quarter. Natixis Advisors LLC now owns 85,996 shares of the real estate investment trust’s stock worth $1,361,000 after purchasing an additional 27,190 shares in the last quarter. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Insider Activity at Chimera Investment

In related news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was bought at an average price of $14.70 per share, with a total value of $735,000.00. Following the purchase, the executive now directly owns 50,000 shares in the company, valued at $735,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by corporate insiders.

Chimera Investment Stock Performance

Shares of CIM stock opened at $14.32 on Thursday. Chimera Investment Co. has a 52-week low of $11.28 and a 52-week high of $16.89. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.93. The stock’s 50-day moving average price is $14.45 and its 200 day moving average price is $14.97. The stock has a market capitalization of $1.16 billion, a PE ratio of 4.34 and a beta of 1.70.

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

Chimera Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.34%. The ex-dividend date is Tuesday, December 31st. Chimera Investment’s payout ratio is 44.85%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd.

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.