Wolverine Asset Management LLC Has $5.69 Million Position in Chimera Investment Co. (NYSE:CIM)

Wolverine Asset Management LLC boosted its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 261.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,141,057 shares of the real estate investment trust’s stock after acquiring an additional 825,743 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.50% of Chimera Investment worth $5,694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dupree Financial Group LLC acquired a new stake in shares of Chimera Investment in the 4th quarter valued at $58,000. Onyx Bridge Wealth Group LLC bought a new stake in shares of Chimera Investment in the 4th quarter valued at about $110,000. Simplicity Solutions LLC increased its stake in shares of Chimera Investment by 32.2% in the 4th quarter. Simplicity Solutions LLC now owns 19,529 shares of the real estate investment trust’s stock valued at $97,000 after acquiring an additional 4,762 shares during the last quarter. Genesee Capital Advisors LLC bought a new stake in Chimera Investment during the 4th quarter worth approximately $50,000. Finally, Bleakley Financial Group LLC increased its stake in Chimera Investment by 32.2% during the 4th quarter. Bleakley Financial Group LLC now owns 19,529 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 4,762 shares in the last quarter. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Stock Up 1.5 %

NYSE:CIM traded up $0.06 during trading hours on Tuesday, reaching $4.17. 821,897 shares of the stock were exchanged, compared to its average volume of 1,875,073. Chimera Investment Co. has a twelve month low of $3.92 and a twelve month high of $6.49. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a 50 day moving average of $4.37 and a 200 day moving average of $4.76. The stock has a market cap of $1.01 billion, a PE ratio of 18.13 and a beta of 1.68.

Chimera Investment Dividend Announcement

The business also recently disclosed 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. This represents a $0.44 annualized dividend and a dividend yield of 10.55%. The ex-dividend date is Friday, April 5th. Chimera Investment’s payout ratio is presently 191.30%.

About Chimera Investment

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.