Mariner Investment Group LLC Boosts Stake in Chimera Investment Corporation $CIM

Mariner Investment Group LLC raised its position in shares of Chimera Investment Corporation (NYSE:CIM) by 152.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,000 shares of the real estate investment trust’s stock after buying an additional 175,000 shares during the quarter. Mariner Investment Group LLC owned about 0.35% of Chimera Investment worth $3,605,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Tudor Investment Corp ET AL increased its holdings in shares of Chimera Investment by 34.9% in the 3rd quarter. Tudor Investment Corp ET AL now owns 320,209 shares of the real estate investment trust’s stock worth $4,233,000 after buying an additional 82,883 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Chimera Investment in the 4th quarter valued at about $7,431,000. Ritholtz Wealth Management purchased a new position in Chimera Investment in the fourth quarter worth about $4,977,000. Wolverine Asset Management LLC grew its position in Chimera Investment by 35.3% in the fourth quarter. Wolverine Asset Management LLC now owns 713,039 shares of the real estate investment trust’s stock worth $8,863,000 after acquiring an additional 186,114 shares in the last quarter. Finally, UBS Group AG increased its stake in Chimera Investment by 130.7% during the fourth quarter. UBS Group AG now owns 763,691 shares of the real estate investment trust’s stock worth $9,493,000 after acquiring an additional 432,727 shares during the last quarter. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Price Performance

Shares of CIM stock opened at $13.29 on Friday. Chimera Investment Corporation has a 52-week low of $11.67 and a 52-week high of $14.88. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market capitalization of $1.11 billion, a P/E ratio of -16.61 and a beta of 1.68. The stock has a 50 day moving average price of $13.40 and a 200 day moving average price of $13.13.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. Chimera Investment had a return on equity of 9.36% and a net margin of 2.27%.The company had revenue of $32.37 million for the quarter, compared to the consensus estimate of $102.35 million.

Chimera Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 13.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Chimera Investment’s dividend payout ratio (DPR) is currently -225.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CIM. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $14.00 target price on shares of Chimera Investment in a report on Wednesday, June 3rd. Wall Street Zen upgraded Chimera Investment from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings lowered shares of Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chimera Investment currently has an average rating of “Hold” and a consensus target price of $14.83.

Chimera Investment Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.