Chimera Investment (NYSE:CIM) Earns “Market Perform” Rating from JMP Securities

Chimera Investment (NYSE:CIM)‘s stock had its “market perform” rating restated by investment analysts at JMP Securities in a research note issued on Thursday,Benzinga reports.

Chimera Investment Stock Up 0.1 %

Shares of NYSE CIM traded up $0.01 during midday trading on Thursday, hitting $14.29. 13,022 shares of the company’s stock were exchanged, compared to its average volume of 459,345. 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 has a twelve month low of $11.28 and a twelve month high of $16.89. The company has a market cap of $1.16 billion, a PE ratio of 4.33 and a beta of 1.70. The firm’s fifty day simple moving average is $14.48 and its 200-day simple moving average is $14.95.

Chimera Investment (NYSE:CIM) last issued its earnings results 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). Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. The business had revenue of $195.30 million for the quarter, compared to analyst estimates of $69.90 million. During the same period last year, the business posted $0.39 EPS. Research analysts predict that Chimera Investment will post 1.47 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were acquired at an average price of $14.91 per share, with a total value of $745,500.00. Following the completion of the acquisition, the executive now owns 100,000 shares in the company, valued at approximately $1,491,000. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CIM. Quarry LP grew its holdings in Chimera Investment by 1,188.3% during the second quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 2,032 shares during the period. Prospera Private Wealth LLC acquired a new position in Chimera Investment during the third quarter worth $65,000. Simplify Asset Management Inc. acquired a new position in Chimera Investment during the third quarter worth $158,000. Virtu Financial LLC acquired a new position in Chimera Investment during the third quarter worth $186,000. Finally, Marshall Wace LLP acquired a new position in Chimera Investment during the second quarter worth $217,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

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.