Cadent Capital Advisors LLC Sells 313,440 Shares of Chimera Investment Co. (NYSE:CIM)

Cadent Capital Advisors LLC cut its holdings in Chimera Investment Co. (NYSE:CIMFree Report) by 42.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 422,384 shares of the real estate investment trust’s stock after selling 313,440 shares during the period. Chimera Investment accounts for 1.0% of Cadent Capital Advisors LLC’s portfolio, making the stock its 29th largest holding. Cadent Capital Advisors LLC’s holdings in Chimera Investment were worth $2,108,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CIM. Creative Financial Designs Inc. ADV bought a new position in Chimera Investment in the fourth quarter worth approximately $25,000. Quarry LP purchased a new stake in shares of Chimera Investment in the first quarter worth $25,000. Worth Asset Management LLC purchased a new stake in shares of Chimera Investment in the first quarter worth $30,000. Manchester Capital Management LLC purchased a new stake in shares of Chimera Investment in the third quarter worth $38,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Chimera Investment by 57.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 7,100 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 2,600 shares in the last quarter. 48.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group began coverage on shares of Chimera Investment in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $5.50 price objective for the company.

Check Out Our Latest Stock Report on Chimera Investment

Chimera Investment Stock Performance

CIM opened at $4.43 on Wednesday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 19.24 and a beta of 1.68. The company has a fifty day moving average of $4.59 and a 200 day moving average of $4.95. Chimera Investment Co. has a fifty-two week low of $4.17 and a fifty-two week high of $6.49. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.12 and a current ratio of 0.12.

Chimera Investment Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Chimera Investment (NYSE:CIM)

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