Insider Selling: Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Director Sells 13,000 Shares of Stock

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Director Sharon L. Cook sold 13,000 shares of Cherry Hill Mortgage Investment stock in a transaction on 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 owns 19,513 shares in the company, valued at $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 available at this link.

Cherry Hill Mortgage Investment Trading Down 0.3 %

Shares of CHMI stock opened at $3.55 on Friday. The company has a market capitalization of $112.30 million, a price-to-earnings ratio of -2.34 and a beta of 1.43. Cherry Hill Mortgage Investment Co. has a 1-year low of $2.50 and a 1-year high of $3.99. The stock’s fifty day simple moving average is $3.43 and its 200-day simple moving average is $3.19.

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

Cherry Hill Mortgage Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 16.90%. The ex-dividend date of this dividend is Monday, March 31st. Cherry Hill Mortgage Investment’s payout ratio is presently 1,000.00%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHMI. Jane Street Group LLC purchased a new position in shares of Cherry Hill Mortgage Investment during the 4th quarter valued at $68,000. Northern Trust Corp boosted its position in Cherry Hill Mortgage Investment by 30.9% during the fourth 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. Virtu Financial LLC purchased a new position in Cherry Hill Mortgage Investment in the fourth quarter valued at about $130,000. Corient Private Wealth LLC increased its position in Cherry Hill Mortgage Investment by 24.4% in the 4th 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 last quarter. Finally, Wolverine Asset Management LLC increased its position in Cherry Hill Mortgage Investment by 83.0% in the 4th quarter. Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust’s stock worth $885,000 after purchasing an additional 151,989 shares during the last quarter. Hedge funds and other institutional investors own 18.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on 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. JMP Securities reiterated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd. B. Riley raised shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Janney Montgomery Scott began coverage on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They issued a “buy” rating and a $4.00 price target for the company.

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.