Fox Run Management L.L.C. Invests $604,000 in Chimera Investment Co. (NYSE:CIM)

Fox Run Management L.L.C. purchased a new stake in shares of Chimera Investment Co. (NYSE:CIM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 43,121 shares of the real estate investment trust’s stock, valued at approximately $604,000. Fox Run Management L.L.C. owned about 0.05% of Chimera Investment at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. bought a new position in shares of Chimera Investment during the fourth quarter valued at approximately $65,000. Virtu Financial LLC purchased a new position in Chimera Investment during the 3rd quarter valued at $186,000. Investment Partners Asset Management Inc. bought a new position in Chimera Investment in the 4th quarter valued at $183,000. BostonPremier Wealth LLC purchased a new stake in Chimera Investment in the fourth quarter worth $204,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Chimera Investment during the fourth quarter worth $249,000. 48.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chimera Investment

In other news, Director Gerard Creagh purchased 12,500 shares of the firm’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 completion of the transaction, the director now owns 138,127 shares in the company, valued at $1,838,470.37. This represents a 9.95 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Chimera Investment Stock Down 0.0 %

NYSE:CIM opened at $13.54 on Tuesday. 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 firm has a market cap of $1.10 billion, a PE ratio of 12.53 and a beta of 1.76. The company has a 50-day moving average of $14.15 and a 200 day moving average of $14.75. Chimera Investment Co. has a 1-year low of $11.29 and a 1-year high of $16.89.

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 net margin of 20.28% and a return on equity of 7.00%. As a group, research analysts anticipate that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.93%. Chimera Investment’s dividend payout ratio is presently 137.04%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CIM shares. JMP Securities reaffirmed a “market perform” rating on shares of Chimera Investment in a research note on Thursday, January 23rd. Royal Bank of Canada upgraded shares of Chimera Investment to a “moderate buy” rating in a research note on Friday, March 14th. Finally, StockNews.com downgraded shares of Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th.

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.