61,123 Shares in Chimera Investment Co. (NYSE:CIM) Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans purchased a new stake in shares of Chimera Investment Co. (NYSE:CIM) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 61,123 shares of the real estate investment trust’s stock, valued at approximately $856,000. Thrivent Financial for Lutherans owned about 0.08% of Chimera Investment as of its most recent filing with the SEC.

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

Chimera Investment Stock Down 0.7 %

Chimera Investment stock opened at $12.74 on Wednesday. The company has a quick ratio of 3.03, a current ratio of 0.06 and a debt-to-equity ratio of 2.82. The company has a market capitalization of $1.03 billion, a P/E ratio of 11.80 and a beta of 1.76. The firm has a 50 day moving average price of $14.01 and a 200-day moving average price of $14.65. Chimera Investment Co. has a twelve month low of $11.29 and a twelve month high of $16.89.

Chimera Investment (NYSE:CIM) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 predict that Chimera Investment Co. will post 1.57 EPS for the current year.

Chimera Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a yield of 11.61%. Chimera Investment’s dividend payout ratio is presently 137.04%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd. StockNews.com cut Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada raised Chimera Investment to a “moderate buy” rating in a research report on Friday, March 14th.

Insider Transactions at Chimera Investment

In related news, Director Gerard Creagh purchased 12,500 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $13.31 per share, with a total value of $166,375.00. Following the completion of the acquisition, the director now directly owns 138,127 shares of the company’s stock, valued at approximately $1,838,470.37. The trade was a 9.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.91% of the company’s stock.

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.