Mariner Investment Group LLC Purchases 175,000 Shares of Chimera Investment Corporation $CIM

Mariner Investment Group LLC raised its position in shares of Chimera Investment Corporation (NYSE:CIM) by 152.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 290,000 shares of the real estate investment trust’s stock after purchasing an additional 175,000 shares during the period. Mariner Investment Group LLC’s holdings in Chimera Investment were worth $3,605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. VSM Wealth Advisory LLC increased its stake in shares of Chimera Investment by 64.3% during the third quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 936 shares during the period. GAMMA Investing LLC increased its position in Chimera Investment by 864.7% during the 4th quarter. GAMMA Investing LLC now owns 3,193 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 2,862 shares during the period. IFP Advisors Inc raised its holdings in shares of Chimera Investment by 1,211.4% in the 4th quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 5,742 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Chimera Investment by 92.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 3,423 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Chimera Investment in the 4th quarter worth approximately $105,000. Institutional investors own 48.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CIM shares. Weiss Ratings downgraded shares of Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Wall Street Zen raised Chimera Investment from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $14.00 price objective on shares of Chimera Investment in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.83.

Chimera Investment Trading Up 0.1%

Shares of NYSE:CIM opened at $13.29 on Friday. The business’s 50-day moving average is $13.40 and its 200 day moving average is $13.13. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.08 and a quick ratio of 0.08. Chimera Investment Corporation has a 1 year low of $11.67 and a 1 year high of $14.88. The firm has a market capitalization of $1.11 billion, a P/E ratio of -16.61 and a beta of 1.68.

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

Chimera Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.80 dividend on an annualized basis and a yield of 13.5%. Chimera Investment’s dividend payout ratio (DPR) is -225.00%.

Chimera Investment Profile

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.