BostonPremier Wealth LLC Invests $204,000 in Chimera Investment Co. (NYSE:CIM)

BostonPremier Wealth LLC bought a new position in shares of Chimera Investment Co. (NYSE:CIM) during the fourth quarter, Holdings Channel reports. The firm bought 14,539 shares of the real estate investment trust’s stock, valued at approximately $204,000.

A number of other hedge funds also recently made changes to their positions in CIM. Moloney Securities Asset Management LLC raised its holdings in Chimera Investment by 14.1% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 1,719 shares during the period. Atria Investments Inc raised its holdings in Chimera Investment by 32.8% during the 3rd quarter. Atria Investments Inc now owns 16,654 shares of the real estate investment trust’s stock valued at $264,000 after acquiring an additional 4,110 shares during the period. Prospera Private Wealth LLC bought a new stake in Chimera Investment during the 3rd quarter valued at $65,000. SG Americas Securities LLC raised its holdings in Chimera Investment by 39.2% during the 4th quarter. SG Americas Securities LLC now owns 21,138 shares of the real estate investment trust’s stock valued at $296,000 after acquiring an additional 5,951 shares during the period. Finally, Jane Street Group LLC raised its holdings in Chimera Investment by 5.1% during the 3rd quarter. Jane Street Group LLC now owns 141,001 shares of the real estate investment trust’s stock valued at $2,232,000 after acquiring an additional 6,803 shares during the period. 48.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average cost of $14.91 per share, for a total transaction of $745,500.00. Following the completion of the transaction, the executive now owns 100,000 shares of the company’s stock, valued at approximately $1,491,000. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd.

Chimera Investment Stock Down 0.4 %

CIM opened at $15.13 on Tuesday. The company has a fifty day moving average price of $14.49 and a 200-day moving average price of $14.97. The firm has a market capitalization of $1.22 billion, a P/E ratio of 4.58 and a beta of 1.71. 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 Co. has a one year low of $11.28 and a one year high of $16.89.

Chimera Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.78%. Chimera Investment’s dividend payout ratio (DPR) is currently 44.85%.

Chimera Investment 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.