Wolverine Asset Management LLC Boosts Stake in Chimera Investment Co. (NYSE:CIM)

Wolverine Asset Management LLC increased its position in Chimera Investment Co. (NYSE:CIM) by 261.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,141,057 shares of the real estate investment trust’s stock after buying an additional 825,743 shares during the period. Wolverine Asset Management LLC’s holdings in Chimera Investment were worth $5,694,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. UBS Group AG lifted its position in shares of Chimera Investment by 53.3% in the third quarter. UBS Group AG now owns 722,064 shares of the real estate investment trust’s stock worth $3,942,000 after buying an additional 251,085 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Chimera Investment by 148.4% in the fourth quarter. Global Retirement Partners LLC now owns 51,477 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 30,757 shares during the period. Capital Investment Advisors LLC raised its holdings in shares of Chimera Investment by 163.5% in the fourth quarter. Capital Investment Advisors LLC now owns 124,156 shares of the real estate investment trust’s stock worth $620,000 after buying an additional 77,040 shares during the period. SG Americas Securities LLC raised its holdings in shares of Chimera Investment by 14.9% in the fourth quarter. SG Americas Securities LLC now owns 127,699 shares of the real estate investment trust’s stock worth $637,000 after buying an additional 16,540 shares during the period. Finally, Natixis Advisors L.P. raised its holdings in shares of Chimera Investment by 1.2% in the third quarter. Natixis Advisors L.P. now owns 226,787 shares of the real estate investment trust’s stock worth $1,238,000 after buying an additional 2,708 shares during the period. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Chimera Investment Trading Up 1.5 %

Shares of NYSE CIM traded up $0.06 during midday trading on Tuesday, hitting $4.17. The company’s stock had a trading volume of 821,897 shares, compared to its average volume of 1,875,073. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.00. The business’s 50 day moving average is $4.37 and its two-hundred day moving average is $4.76. Chimera Investment Co. has a 12-month low of $3.92 and a 12-month high of $6.49. The firm has a market cap of $1.01 billion, a P/E ratio of 18.13 and a beta of 1.68.

Chimera Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 8th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.44 annualized dividend and a dividend yield of 10.55%. Chimera Investment’s payout ratio is 191.30%.

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.