LSV Asset Management Has $16.01 Million Stock Position in Chimera Investment Corporation $CIM

LSV Asset Management lowered its position in shares of Chimera Investment Corporation (NYSE:CIM) by 11.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,288,318 shares of the real estate investment trust’s stock after selling 169,351 shares during the quarter. LSV Asset Management’s holdings in Chimera Investment were worth $16,014,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Tudor Investment Corp ET AL increased its position in shares of Chimera Investment by 34.9% during the 3rd quarter. Tudor Investment Corp ET AL now owns 320,209 shares of the real estate investment trust’s stock worth $4,233,000 after purchasing an additional 82,883 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Chimera Investment by 21.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,671,318 shares of the real estate investment trust’s stock worth $22,095,000 after purchasing an additional 297,709 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Chimera Investment during the 4th quarter worth about $7,431,000. Ritholtz Wealth Management acquired a new stake in shares of Chimera Investment during the 4th quarter worth about $4,977,000. Finally, Wolverine Asset Management LLC increased its position in Chimera Investment by 35.3% in the 4th quarter. Wolverine Asset Management LLC now owns 713,039 shares of the real estate investment trust’s stock valued at $8,863,000 after acquiring an additional 186,114 shares in the last quarter. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Stock Up 0.2%

Shares of NYSE:CIM opened at $13.29 on Tuesday. Chimera Investment Corporation has a one year low of $11.67 and a one year high of $14.88. The company has a 50 day moving average of $13.22 and a 200-day moving average of $12.99. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -16.61 and a beta of 1.71.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. Chimera Investment had a net margin of 2.27% and a return on equity of 9.36%. The company had revenue of $32.37 million during the quarter, compared to analysts’ expectations of $102.35 million.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Chimera Investment from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings cut shares of Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chimera Investment currently has a consensus rating of “Hold” and an average target price of $14.50.

About Chimera Investment

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.