Advisors Asset Management Inc. Trims Stake in Chimera Investment Co. (NYSE:CIM)

Advisors Asset Management Inc. cut its position in shares of Chimera Investment Co. (NYSE:CIM) by 21.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 420,357 shares of the real estate investment trust’s stock after selling 115,721 shares during the period. Advisors Asset Management Inc. owned approximately 0.52% of Chimera Investment worth $5,885,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Gerard Creagh acquired 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $13.31 per share, with a total value of $166,375.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by company insiders.

Chimera Investment Trading Down 0.0 %

Shares of Chimera Investment stock opened at $13.66 on Thursday. The stock has a market cap of $1.11 billion, a PE ratio of 12.65 and a beta of 1.76. The firm has a fifty day moving average price of $14.17 and a 200 day moving average price of $14.79. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.06 and a quick ratio of 3.03. Chimera Investment Co. has a 1 year low of $11.29 and a 1 year high of $16.89.

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

Chimera Investment 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.