Buckhead Capital Management LLC held its stake in Chimera Investment Corp. (NYSE:CIM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,800 shares of the company’s stock at the end of the third quarter. Buckhead Capital Management LLC’s holdings in Chimera Investment Corp. were worth $1,273,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Fund Advisors raised its position in shares of Chimera Investment Corp. by 2.6% in the third quarter. BlackRock Fund Advisors now owns 6,217,643 shares of the company’s stock worth $99,171,000 after buying an additional 158,292 shares during the period. Artemis Investment Management LLP acquired a new position in Chimera Investment Corp. during the second quarter worth about $48,716,000. LSV Asset Management increased its position in Chimera Investment Corp. by 129.3% in the third quarter. LSV Asset Management now owns 1,340,399 shares of the company’s stock worth $21,379,000 after buying an additional 755,900 shares in the last quarter. Bank of New York Mellon Corp increased its position in Chimera Investment Corp. by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 810,021 shares of the company’s stock worth $12,919,000 after buying an additional 2,163 shares in the last quarter. Finally, ClariVest Asset Management LLC increased its position in Chimera Investment Corp. by 1.8% in the third quarter. ClariVest Asset Management LLC now owns 275,112 shares of the company’s stock worth $4,388,000 after buying an additional 4,757 shares in the last quarter. 53.41% of the stock is currently owned by institutional investors.
Shares of Chimera Investment Corp. (NYSE:CIM) traded down 0.29% during midday trading on Thursday, reaching $17.44. 797,162 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $17.26 and its 200 day moving average price is $16.40. Chimera Investment Corp. has a 1-year low of $11.32 and a 1-year high of $17.72. The stock has a market capitalization of $3.27 billion, a P/E ratio of 7.37 and a beta of 0.85.
Chimera Investment Corp. (NYSE:CIM) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Chimera Investment Corp. had a net margin of 50.90% and a return on equity of 14.60%. During the same period in the prior year, the business posted $0.50 EPS. On average, equities analysts predict that Chimera Investment Corp. will post $2.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, December 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.47%. This is an increase from Chimera Investment Corp.’s previous quarterly dividend of $0.48. The ex-dividend date is Wednesday, December 28th. Chimera Investment Corp.’s payout ratio is 84.75%.
A number of research firms have recently issued reports on CIM. Zacks Investment Research downgraded shares of Chimera Investment Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 3rd. Barclays PLC reiterated a “hold” rating on shares of Chimera Investment Corp. in a research note on Monday, November 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Chimera Investment Corp. currently has an average rating of “Hold” and an average target price of $16.58.
About Chimera Investment Corp.
Chimera Investment Corporation is a real estate investment trust. The Company is primarily engaged in the business of investing, on a leveraged basis, in a diversified portfolio of mortgage assets, including Agency residential mortgage-backed securities (RMBS), Non-Agency RMBS, Agency commercial mortgage backed securities (CMBS), residential mortgage loans and real estate related securities.
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