Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Director Sharon L. Cook Sells 13,000 Shares

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

Cherry Hill Mortgage Investment Stock Down 1.6 %

Shares of NYSE CHMI opened at $3.60 on Wednesday. Cherry Hill Mortgage Investment Co. has a 12 month low of $2.50 and a 12 month high of $3.99. The company has a market cap of $113.85 million, a price-to-earnings ratio of -2.37 and a beta of 1.43. The business has a fifty day simple moving average of $3.40 and a 200-day simple moving average of $3.19.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings data 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 during 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%. As a group, sell-side analysts expect 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 disclosed 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 annualized dividend and a yield of 16.67%. The ex-dividend date is Monday, March 31st. Cherry Hill Mortgage Investment’s payout ratio is 1,000.00%.

Wall Street Analyst Weigh In

CHMI has been the topic of a number of recent analyst reports. JMP Securities restated 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 Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They issued a “buy” rating and a $4.00 target price for the company. StockNews.com upgraded Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, B. Riley upgraded shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research report on Tuesday, January 7th.

Institutional Trading of Cherry Hill Mortgage Investment

A number of hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in Cherry Hill Mortgage Investment during the fourth quarter valued at $68,000. Northern Trust Corp increased its holdings in shares of Cherry Hill Mortgage Investment by 30.9% in 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 period. Virtu Financial LLC purchased a new stake in shares of Cherry Hill Mortgage Investment in the fourth quarter worth approximately $130,000. Corient Private Wealth LLC boosted its holdings in shares of Cherry Hill Mortgage Investment by 24.4% during the fourth quarter. Corient Private Wealth LLC now owns 619,121 shares of the real estate investment trust’s stock worth $1,634,000 after purchasing an additional 121,447 shares during the period. Finally, Wolverine Asset Management LLC grew its position in Cherry Hill Mortgage Investment by 83.0% during the fourth quarter. Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust’s stock valued at $885,000 after purchasing an additional 151,989 shares in the last quarter. Hedge funds and other institutional investors own 18.49% of the company’s stock.

About Cherry Hill Mortgage Investment

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.