Jack Lee Macdowell, Jr. Acquires 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 stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average cost of $14.91 per share, for a total transaction of $745,500.00. Following the completion of the purchase, the executive now owns 100,000 shares in the company, valued at $1,491,000. The trade was a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Chimera Investment Price Performance

NYSE:CIM opened at $15.15 on Wednesday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 4.59 and a beta of 1.71. Chimera Investment Co. has a 12-month low of $11.28 and a 12-month high of $16.89. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 3.93. The company’s 50-day moving average is $15.13 and its two-hundred day moving average is $14.57.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $195.30 million for the quarter, compared to analysts’ expectations of $69.90 million. Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. During the same quarter in the previous year, the company 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 firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a $0.37 dividend. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.48 annualized dividend and a yield of 9.77%. Chimera Investment’s dividend payout ratio (DPR) is presently 44.85%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CIM. Franklin Resources Inc. grew its position in Chimera Investment by 10.1% in the third quarter. Franklin Resources Inc. now owns 85,236 shares of the real estate investment trust’s stock valued at $1,302,000 after acquiring an additional 7,825 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Chimera Investment during the third quarter worth approximately $186,000. Geode Capital Management LLC grew its position in shares of Chimera Investment by 1.8% during the third 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. Barclays PLC grew its position in shares of Chimera Investment by 301.6% during the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust’s stock worth $2,901,000 after buying an additional 137,655 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Chimera Investment by 5.1% in the third quarter. Jane Street Group LLC now owns 141,001 shares of the real estate investment trust’s stock worth $2,232,000 after purchasing an additional 6,803 shares during the period. Hedge funds and other institutional investors own 48.44% of the company’s stock.

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.