Charles Schwab Investment Management Inc. Has $26.89 Million Stock Holdings in Chimera Investment Co. (NYSE:CIM)

Charles Schwab Investment Management Inc. trimmed its position in Chimera Investment Co. (NYSE:CIM) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,921,020 shares of the real estate investment trust’s stock after selling 10,673 shares during the period. Charles Schwab Investment Management Inc. owned about 2.38% of Chimera Investment worth $26,894,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CIM. Prospera Private Wealth LLC bought a new position in Chimera Investment in the third quarter valued at about $65,000. Investment Partners Asset Management Inc. bought a new position in shares of Chimera Investment in the 4th quarter valued at about $183,000. Virtu Financial LLC acquired a new stake in shares of Chimera Investment during the 3rd quarter worth approximately $186,000. BostonPremier Wealth LLC bought a new stake in shares of Chimera Investment during the fourth quarter worth approximately $204,000. Finally, International Assets Investment Management LLC acquired a new position in Chimera Investment in the fourth quarter valued at approximately $253,000. 48.44% of the stock is owned by institutional investors and hedge funds.

Chimera Investment Trading Up 0.9 %

NYSE:CIM opened at $13.76 on Tuesday. The business’s 50-day simple moving average is $14.18 and its 200-day simple 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 debt-to-equity ratio of 2.82, a current ratio of 0.06 and a quick ratio of 3.03. The stock has a market capitalization of $1.11 billion, a PE ratio of 12.73 and a beta of 1.76.

Chimera Investment (NYSE:CIM) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share 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%. Sell-side analysts expect that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Announces Dividend

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

Insider Activity

In other Chimera Investment news, Director Gerard Creagh acquired 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, with a total value of $166,375.00. Following the completion of the transaction, the director now directly owns 138,127 shares in the company, valued at $1,838,470.37. This trade represents a 9.95 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on CIM shares. JMP Securities reiterated a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd. StockNews.com downgraded shares of Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th.

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.