Simplify Asset Management Inc. Buys 15,700 Shares of Chimera Investment Co. (NYSE:CIM)

Simplify Asset Management Inc. raised its stake in Chimera Investment Co. (NYSE:CIM) by 157.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,700 shares of the real estate investment trust’s stock after purchasing an additional 15,700 shares during the quarter. Simplify Asset Management Inc.’s holdings in Chimera Investment were worth $360,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Hillsdale Investment Management Inc. bought a new stake in Chimera Investment during the 4th quarter valued at $65,000. Investment Partners Asset Management Inc. purchased a new position in shares of Chimera Investment in the fourth quarter valued at about $183,000. Virtu Financial LLC bought a new position in shares of Chimera Investment during the third quarter valued at about $186,000. BostonPremier Wealth LLC purchased a new stake in shares of Chimera Investment during the fourth quarter worth about $204,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Chimera Investment in the fourth quarter worth about $249,000. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gerard Creagh purchased 12,500 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $13.31 per share, with a total value of $166,375.00. Following 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.91% of the company’s stock.

Chimera Investment Stock Down 0.8 %

Shares of NYSE:CIM opened at $13.52 on Friday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. Chimera Investment Co. has a 52-week low of $11.29 and a 52-week high of $16.89. The firm has a market capitalization of $1.09 billion, a P/E ratio of 12.51 and a beta of 1.76. The stock has a 50 day moving average price of $14.15 and a 200-day moving average price of $14.77.

Chimera Investment (NYSE:CIM) last posted 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%. As a group, equities research analysts anticipate that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.95%. The ex-dividend date is Monday, March 31st. Chimera Investment’s payout ratio is currently 137.04%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JMP Securities restated a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd. Royal Bank of Canada upgraded shares of Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th. Finally, StockNews.com cut 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.