Jack Lee Macdowell, Jr. Buys 50,000 Shares of Chimera Investment Co. (NYSE:CIM) Stock

Chimera Investment Co. (NYSE:CIM) CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $14.70 per share, with a total value of $735,000.00. Following the completion of the transaction, the executive now owns 50,000 shares of the company’s stock, valued at approximately $735,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Chimera Investment Stock Performance

CIM opened at $15.15 on Wednesday. The business has a fifty day simple moving average of $15.13 and a 200 day simple moving average of $14.57. The company has a market capitalization of $1.22 billion, a PE ratio of 4.59 and a beta of 1.71. Chimera Investment Co. has a 1 year low of $11.28 and a 1 year high of $16.89. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03.

Chimera Investment (NYSE:CIM) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $195.30 million during the quarter, compared to the consensus estimate of $69.90 million. Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. During the same quarter last year, the firm earned $0.39 earnings per share. Research analysts expect that Chimera Investment Co. will post 1.5 EPS for the current year.

Chimera Investment Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.37 dividend. The ex-dividend date was Monday, September 30th. This is an increase from Chimera Investment’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 9.77%. Chimera Investment’s payout ratio is 44.85%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th.

Institutional Trading of Chimera Investment

A number of institutional investors have recently modified their holdings of CIM. Quarry LP lifted its position in shares of Chimera Investment by 1,188.3% during the 2nd quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 2,032 shares during the period. Cetera Advisors LLC bought a new stake in shares of Chimera Investment during the 1st quarter valued at $63,000. Prospera Private Wealth LLC bought a new stake in shares of Chimera Investment during the 3rd quarter valued at $65,000. Simplify Asset Management Inc. bought a new stake in shares of Chimera Investment during the 3rd quarter valued at $158,000. Finally, AlphaCentric Advisors LLC bought a new stake in shares of Chimera Investment during the 2nd quarter valued at $179,000. 48.44% of the stock is currently owned by institutional investors.

About Chimera Investment

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.