Chimera Investment Co. (NYSE:CIM) Stock Holdings Lowered by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. trimmed its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,376 shares of the real estate investment trust’s stock after selling 765 shares during the period. Avantax Advisory Services Inc.’s holdings in Chimera Investment were worth $229,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CIM. Virtu Financial LLC bought a new stake in shares of Chimera Investment during the 3rd quarter worth $186,000. Investment Partners Asset Management Inc. acquired a new position in shares of Chimera Investment in the 4th quarter valued at $183,000. BostonPremier Wealth LLC purchased a new position in Chimera Investment in the 4th quarter worth about $204,000. International Assets Investment Management LLC acquired a new stake in Chimera Investment during the 4th quarter worth about $253,000. Finally, Empowered Funds LLC purchased a new stake in Chimera Investment during the fourth quarter valued at about $264,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

Insider Activity

In other Chimera Investment news, Director Gerard Creagh purchased 12,500 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $13.31 per share, for a total transaction of $166,375.00. Following the acquisition, the director now owns 138,127 shares of the company’s stock, valued at $1,838,470.37. This trade represents a 9.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by corporate insiders.

Chimera Investment Stock Performance

Shares of CIM opened at $13.23 on Thursday. The company has a market capitalization of $1.07 billion, a PE ratio of 12.25 and a beta of 1.76. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. The company’s 50 day moving average price is $14.12 and its 200 day moving average price is $14.72. Chimera Investment Co. has a 52 week low of $11.29 and a 52 week high of $16.89.

Chimera Investment (NYSE:CIM) last posted its quarterly 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 net margin of 20.28% and a return on equity of 7.00%. Research analysts expect that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.19%. The ex-dividend date of this dividend is Monday, March 31st. Chimera Investment’s dividend payout ratio (DPR) is presently 137.04%.

Wall Street Analysts Forecast Growth

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

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.