Jupiter Asset Management Ltd. Trims Stake in Chimera Investment Co. (NYSE:CIM)

Jupiter Asset Management Ltd. reduced its position in shares of Chimera Investment Co. (NYSE:CIM) by 30.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 868,711 shares of the real estate investment trust’s stock after selling 378,586 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.38% of Chimera Investment worth $5,012,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Credit Suisse AG grew its position in shares of Chimera Investment by 3.2% during the 1st quarter. Credit Suisse AG now owns 351,951 shares of the real estate investment trust’s stock valued at $1,985,000 after purchasing an additional 11,053 shares in the last quarter. Wedbush Securities Inc. grew its position in shares of Chimera Investment by 11.8% during the 1st quarter. Wedbush Securities Inc. now owns 31,570 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 3,329 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Chimera Investment by 41.7% during the 1st quarter. Global Retirement Partners LLC now owns 20,686 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 6,083 shares in the last quarter. Gallagher Fiduciary Advisors LLC purchased a new position in shares of Chimera Investment during the 1st quarter valued at $828,000. Finally, WealthPLAN Partners LLC bought a new stake in shares of Chimera Investment during the 2nd quarter worth $27,000. 48.19% of the stock is currently owned by hedge funds and other institutional investors.

Chimera Investment Stock Performance

NYSE CIM opened at $5.05 on Friday. Chimera Investment Co. has a 52-week low of $4.45 and a 52-week high of $7.81. The company has a debt-to-equity ratio of 4.12, a quick ratio of 3.62 and a current ratio of 3.62. The company has a market capitalization of $1.15 billion, a P/E ratio of 9.71 and a beta of 1.65. The company has a fifty day moving average of $5.22 and a 200-day moving average of $5.43.

Chimera Investment Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.71%. The ex-dividend date is Thursday, December 28th. Chimera Investment’s dividend payout ratio is currently 138.46%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Chimera Investment in a report on Thursday, October 5th. They set a “hold” rating for the company.

Chimera Investment Company 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, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.