Atria Investments Inc Boosts Stake in Chimera Investment Co. (NYSE:CIM)

Atria Investments Inc grew its stake in shares of Chimera Investment Co. (NYSE:CIM) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,672 shares of the real estate investment trust’s stock after buying an additional 3,018 shares during the period. Atria Investments Inc’s holdings in Chimera Investment were worth $275,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CIM. Natixis Advisors LLC raised its position in shares of Chimera Investment by 46.2% in the third quarter. Natixis Advisors LLC now owns 85,996 shares of the real estate investment trust’s stock valued at $1,361,000 after buying an additional 27,190 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Chimera Investment in the 3rd quarter worth approximately $65,000. Intech Investment Management LLC purchased a new stake in Chimera Investment in the 3rd quarter worth approximately $320,000. Algert Global LLC raised its holdings in Chimera Investment by 6.4% in the 3rd quarter. Algert Global LLC now owns 123,380 shares of the real estate investment trust’s stock valued at $1,953,000 after acquiring an additional 7,460 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of Chimera Investment by 16.2% during the 3rd quarter. Penserra Capital Management LLC now owns 106,581 shares of the real estate investment trust’s stock worth $1,687,000 after purchasing an additional 14,893 shares during the period. 48.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Chimera Investment Stock Performance

NYSE:CIM opened at $13.76 on Tuesday. The company has a market cap of $1.11 billion, a P/E ratio of 12.73 and a beta of 1.76. The firm’s 50 day moving average is $14.18 and its two-hundred day moving average is $14.81. Chimera Investment Co. has a fifty-two week low of $11.29 and a fifty-two week high of $16.89. The company has a quick ratio of 3.03, a current ratio of 0.06 and a debt-to-equity ratio of 2.82.

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

Chimera Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.76%. The ex-dividend date of this dividend was Tuesday, December 31st. Chimera Investment’s payout ratio is currently 137.04%.

Wall Street Analyst Weigh In

CIM has been the subject of several analyst reports. StockNews.com lowered Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. JMP Securities restated a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd.

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.