Harbour Investments Inc. Sells 4,713 Shares of Chimera Investment Co. (NYSE:CIM)

Harbour Investments Inc. reduced its stake in Chimera Investment Co. (NYSE:CIM) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,012 shares of the real estate investment trust’s stock after selling 4,713 shares during the quarter. Harbour Investments Inc. owned approximately 0.07% of Chimera Investment worth $784,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. State Street Corp increased its stake in shares of Chimera Investment by 0.4% in the third quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust’s stock worth $31,010,000 after purchasing an additional 7,595 shares in the last quarter. Geode Capital Management LLC increased its stake in Chimera Investment by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,859,330 shares of the real estate investment trust’s stock worth $29,439,000 after buying an additional 32,835 shares in the last quarter. Van ECK Associates Corp lifted its position 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 acquiring an additional 122,088 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Chimera Investment by 15.6% in the fourth quarter. Bank of New York Mellon Corp now owns 365,603 shares of the real estate investment trust’s stock worth $5,118,000 after acquiring an additional 49,388 shares during the period. Finally, Wolverine Asset Management LLC boosted its stake in shares of Chimera Investment by 28.8% in the fourth quarter. Wolverine Asset Management LLC now owns 190,895 shares of the real estate investment trust’s stock worth $2,673,000 after acquiring an additional 42,741 shares during the period. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Trading Down 0.0 %

Shares of CIM stock opened at $13.66 on Thursday. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.65 and a beta of 1.76. Chimera Investment Co. has a 12-month low of $11.29 and a 12-month high of $16.89. The stock’s 50-day moving average price is $14.17 and its 200-day moving average price is $14.79.

Chimera Investment (NYSE:CIM) last released its quarterly earnings data 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%. Equities research analysts predict that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling

In other Chimera Investment news, Director Gerard Creagh acquired 12,500 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $13.31 per share, with a total value of $166,375.00. Following the purchase, the director now directly owns 138,127 shares of the company’s stock, valued at approximately $1,838,470.37. This represents a 9.95 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented 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 restated a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd.

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.