Sei Investments Co. Has $316,000 Position in Chimera Investment Corporation (CIM)
Sei Investments Co. cut its stake in shares of Chimera Investment Corporation (NYSE:CIM) by 12.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,788 shares of the company’s stock after selling 2,729 shares during the period. Sei Investments Co.’s holdings in Chimera Investment Corporation were worth $316,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Acrospire Investment Management LLC purchased a new stake in shares of Chimera Investment Corporation during the second quarter valued at $114,000. Nisa Investment Advisors LLC purchased a new stake in shares of Chimera Investment Corporation during the second quarter valued at $159,000. Advisor Group Inc. purchased a new stake in shares of Chimera Investment Corporation during the second quarter valued at $159,000. HighTower Advisors LLC purchased a new stake in shares of Chimera Investment Corporation during the second quarter valued at $160,000. Finally, US Bancorp DE increased its stake in shares of Chimera Investment Corporation by 116.3% in the third quarter. US Bancorp DE now owns 10,042 shares of the company’s stock valued at $160,000 after buying an additional 5,399 shares during the last quarter. 52.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of Chimera Investment Corporation (NYSE:CIM) traded up 0.23% during mid-day trading on Friday, hitting $17.49. 899,411 shares of the company’s stock traded hands. Chimera Investment Corporation has a 1-year low of $10.89 and a 1-year high of $17.72. The stock has a 50 day moving average price of $17.22 and a 200-day moving average price of $16.36. The stock has a market cap of $3.28 billion, a P/E ratio of 7.39 and a beta of 0.85.
Chimera Investment Corporation (NYSE:CIM) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Chimera Investment Corporation had a net margin of 50.90% and a return on equity of 14.60%. During the same period last year, the firm earned $0.50 earnings per share. Equities research analysts anticipate that Chimera Investment Corporation will post $2.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, December 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.44%. The ex-dividend date is Wednesday, December 28th. This is a positive change from Chimera Investment Corporation’s previous quarterly dividend of $0.48. Chimera Investment Corporation’s payout ratio is currently 84.75%.
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Several analysts have recently weighed in on CIM shares. Zacks Investment Research raised shares of Chimera Investment Corporation from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Thursday, November 3rd. Barclays PLC reissued a “hold” rating on shares of Chimera Investment Corporation in a report 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. The company currently has an average rating of “Hold” and an average target price of $16.58.
About Chimera Investment Corporation
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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