Wolverine Asset Management LLC Has $2.67 Million Position in Chimera Investment Co. (NYSE:CIM)

Wolverine Asset Management LLC boosted its stake in shares of Chimera Investment Co. (NYSE:CIM) by 28.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,895 shares of the real estate investment trust’s stock after acquiring an additional 42,741 shares during the quarter. Wolverine Asset Management LLC owned 0.24% of Chimera Investment worth $2,673,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CIM. Barclays PLC raised its stake in Chimera Investment by 301.6% during the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust’s stock worth $2,901,000 after acquiring an additional 137,655 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Chimera Investment by 18.9% in the fourth quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust’s stock valued at $10,746,000 after buying an additional 122,088 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Chimera Investment by 67.3% in 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 valued at $2,337,000 after buying an additional 59,380 shares in the last quarter. Manning & Napier Advisors LLC increased its stake in shares of Chimera Investment by 66.7% in the fourth quarter. Manning & Napier Advisors LLC now owns 100,000 shares of the real estate investment trust’s stock valued at $1,400,000 after buying an additional 40,000 shares in the last quarter. Finally, AlphaCentric Advisors LLC increased its stake in shares of Chimera Investment by 256.6% in the fourth quarter. AlphaCentric Advisors LLC now owns 50,000 shares of the real estate investment trust’s stock valued at $700,000 after buying an additional 35,978 shares in the last quarter. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Chimera Investment Price Performance

Chimera Investment stock opened at $13.76 on Friday. The business’s 50-day simple moving average is $14.34 and its 200 day simple moving average is $14.93. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 12.73 and a beta of 1.71. Chimera Investment Co. has a 12-month low of $11.28 and a 12-month 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.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (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 6.91%. As a group, research analysts anticipate that Chimera Investment Co. will post 1.57 earnings per share for the current year.

Chimera Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 10.76%. The ex-dividend date of this dividend was Tuesday, December 31st. Chimera Investment’s dividend payout ratio is 137.02%.

Insider Activity at Chimera Investment

In related news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of Chimera Investment stock in a transaction on Monday, December 9th. The shares were purchased at an average price of $14.91 per share, for a total transaction of $745,500.00. Following the completion of the acquisition, the executive now owns 100,000 shares in the company, valued at approximately $1,491,000. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CIM shares. JMP Securities restated a “market perform” rating on shares of Chimera Investment in a research note on Thursday, January 23rd. StockNews.com lowered Chimera Investment from a “buy” rating to a “hold” rating in a research note 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.