Hillsdale Investment Management Inc. Acquires Shares of 4,650 Chimera Investment Co. (NYSE:CIM)

Hillsdale Investment Management Inc. purchased a new stake in Chimera Investment Co. (NYSE:CIM) in the fourth quarter, Holdings Channel reports. The firm purchased 4,650 shares of the real estate investment trust’s stock, valued at approximately $65,000.

A number of other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its holdings in Chimera Investment by 301.6% in the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust’s stock worth $2,901,000 after purchasing an additional 137,655 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Chimera Investment by 67.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,621 shares of the real estate investment trust’s stock valued at $2,337,000 after buying an additional 59,380 shares during the period. Manning & Napier Advisors LLC grew its position in shares of Chimera Investment by 66.7% during the 4th quarter. Manning & Napier Advisors LLC now owns 100,000 shares of the real estate investment trust’s stock valued at $1,400,000 after buying an additional 40,000 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Chimera Investment during the fourth quarter worth about $468,000. Finally, State Street Corp lifted its holdings in Chimera Investment by 0.4% in the third quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust’s stock worth $31,010,000 after acquiring an additional 7,595 shares during the last quarter. 48.44% of the stock is currently owned by institutional investors.

Chimera Investment Stock Performance

Shares of NYSE CIM opened at $13.54 on Tuesday. Chimera Investment Co. has a 12-month low of $11.29 and a 12-month high of $16.89. The company has a market cap of $1.10 billion, a PE ratio of 12.53 and a beta of 1.76. The stock has a 50 day simple moving average of $14.15 and a 200-day simple moving average of $14.75. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. On average, equities research analysts forecast that Chimera Investment Co. will post 1.57 EPS for the current year.

Chimera Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.48 annualized dividend and a yield of 10.93%. Chimera Investment’s payout ratio is 137.04%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CIM. JMP Securities reaffirmed a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd. StockNews.com lowered Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada upgraded shares of Chimera Investment to a “moderate buy” rating in a research report on Friday, March 14th.

Insiders Place Their Bets

In related news, Director Gerard Creagh acquired 12,500 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the acquisition, the director now directly owns 138,127 shares of the company’s stock, valued at approximately $1,838,470.37. The trade was a 9.95 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.91% of the stock is owned by insiders.

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.