Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Director Sells $47,320.00 in Stock

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Director Sharon L. Cook sold 13,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $3.64, for a total value of $47,320.00. Following the completion of the transaction, the director now directly owns 19,513 shares in the company, valued at approximately $71,027.32. The trade was a 39.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cherry Hill Mortgage Investment Stock Performance

Shares of CHMI stock opened at $3.60 on Wednesday. The stock’s 50 day simple moving average is $3.40 and its 200 day simple moving average is $3.19. Cherry Hill Mortgage Investment Co. has a twelve month low of $2.50 and a twelve month high of $3.99. The company has a market capitalization of $113.85 million, a price-to-earnings ratio of -2.37 and a beta of 1.43.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings results on Thursday, March 6th. The real estate investment trust reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $0.66 million for the quarter, compared to analyst estimates of $1.50 million. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. On average, analysts forecast that Cherry Hill Mortgage Investment Co. will post 0.38 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 16.67%. The ex-dividend date is Monday, March 31st. Cherry Hill Mortgage Investment’s dividend payout ratio is 1,000.00%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC boosted its stake in Cherry Hill Mortgage Investment by 24.4% during the 4th quarter. Corient Private Wealth LLC now owns 619,121 shares of the real estate investment trust’s stock valued at $1,634,000 after purchasing an additional 121,447 shares during the period. Geode Capital Management LLC boosted its position in shares of Cherry Hill Mortgage Investment by 7.6% in the third quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock valued at $1,225,000 after acquiring an additional 23,947 shares during the period. Wolverine Asset Management LLC grew its stake in shares of Cherry Hill Mortgage Investment by 83.0% in the fourth quarter. Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust’s stock worth $885,000 after acquiring an additional 151,989 shares during the last quarter. Penserra Capital Management LLC increased its position in Cherry Hill Mortgage Investment by 22.9% during the third quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock worth $964,000 after acquiring an additional 49,600 shares during the period. Finally, Northern Trust Corp raised its stake in Cherry Hill Mortgage Investment by 30.9% during the 4th quarter. Northern Trust Corp now owns 128,350 shares of the real estate investment trust’s stock valued at $339,000 after purchasing an additional 30,330 shares during the last quarter. 18.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on CHMI. B. Riley upgraded Cherry Hill Mortgage Investment to a “strong-buy” rating in a report on Tuesday, January 7th. JMP Securities reissued a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 23rd. Janney Montgomery Scott assumed coverage on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They set a “buy” rating and a $4.00 price target on the stock. Finally, StockNews.com upgraded shares of Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Friday, March 7th.

Cherry Hill Mortgage Investment Company Profile

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.