CHIMERA INVT CO/SH NEW (NYSE:CIM) Stock Position Cut by Bessemer Group Inc.

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Bessemer Group Inc. trimmed its stake in CHIMERA INVT CO/SH NEW (NYSE:CIM) by 23.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,404 shares of the real estate investment trust’s stock after selling 2,000 shares during the quarter. Bessemer Group Inc.’s holdings in CHIMERA INVT CO/SH NEW were worth $121,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Advisory Services Network LLC boosted its stake in shares of CHIMERA INVT CO/SH NEW by 4.2% in the first quarter. Advisory Services Network LLC now owns 90,099 shares of the real estate investment trust’s stock valued at $1,688,000 after purchasing an additional 3,591 shares during the period. Martingale Asset Management L P boosted its stake in shares of CHIMERA INVT CO/SH NEW by 10.9% in the first quarter. Martingale Asset Management L P now owns 612,273 shares of the real estate investment trust’s stock valued at $11,476,000 after purchasing an additional 60,319 shares during the period. Norges Bank purchased a new position in shares of CHIMERA INVT CO/SH NEW in the fourth quarter valued at $38,125,000. Great West Life Assurance Co. Can boosted its stake in shares of CHIMERA INVT CO/SH NEW by 15.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 21,590 shares of the real estate investment trust’s stock valued at $371,000 after purchasing an additional 2,949 shares during the period. Finally, Yorktown Management & Research Co Inc purchased a new position in shares of CHIMERA INVT CO/SH NEW in the first quarter valued at $590,000. Hedge funds and other institutional investors own 51.85% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of CHIMERA INVT CO/SH NEW from a “hold” rating to a “sell” rating in a research note on Monday.

CIM opened at $19.45 on Friday. The stock has a market capitalization of $3.70 billion, a PE ratio of 8.31 and a beta of 0.59. The firm’s fifty day moving average price is $19.24 and its 200 day moving average price is $18.97. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.02 and a quick ratio of 0.02. CHIMERA INVT CO/SH NEW has a 12-month low of $16.88 and a 12-month high of $19.97.

CHIMERA INVT CO/SH NEW (NYSE:CIM) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). The company had revenue of $141.80 million during the quarter, compared to analyst estimates of $157.07 million. CHIMERA INVT CO/SH NEW had a net margin of 16.96% and a return on equity of 12.51%. The company’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 earnings per share. On average, equities research analysts forecast that CHIMERA INVT CO/SH NEW will post 2.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.00 annualized dividend and a yield of 10.28%. CHIMERA INVT CO/SH NEW’s dividend payout ratio is presently 85.47%.

About CHIMERA INVT CO/SH NEW

Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.

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Institutional Ownership by Quarter for CHIMERA INVT CO/SH NEW (NYSE:CIM)

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