Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report) Director Sharon L. Cook sold 13,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 19,513 shares of the company's stock, valued at approximately $71,027.32. The trade was a 39.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Cherry Hill Mortgage Investment Stock Performance
Cherry Hill Mortgage Investment stock traded down $0.10 during mid-day trading on Friday, reaching $3.47. The company's stock had a trading volume of 565,796 shares, compared to its average volume of 240,592. The business's 50 day simple moving average is $3.44 and its 200 day simple moving average is $3.19. 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 capitalization of $109.58 million, a price-to-earnings ratio of -2.28 and a beta of 1.43.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last released its earnings results on Thursday, March 6th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.10. Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. The business had revenue of $0.66 million for the quarter, compared to the consensus estimate of $1.50 million. As a group, sell-side analysts expect that Cherry Hill Mortgage Investment Co. will post 0.38 EPS for the current year.
Cherry Hill Mortgage Investment Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 17.32%. Cherry Hill Mortgage Investment's dividend payout ratio is presently 1,000.00%.
Hedge Funds Weigh In On Cherry Hill Mortgage Investment
A number of institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of Cherry Hill Mortgage Investment in the 4th quarter valued at about $32,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Cherry Hill Mortgage Investment in the 3rd quarter valued at about $49,000. Barclays PLC bought a new position in Cherry Hill Mortgage Investment during the third quarter worth about $52,000. Jane Street Group LLC acquired a new position in Cherry Hill Mortgage Investment during the fourth quarter worth approximately $68,000. Finally, Virtu Financial LLC bought a new stake in Cherry Hill Mortgage Investment in the fourth quarter valued at approximately $130,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on CHMI. B. Riley upgraded shares of Cherry Hill Mortgage Investment to a "strong-buy" rating in a report on Tuesday, January 7th. Janney Montgomery Scott began coverage on Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They issued a "buy" rating and a $4.00 price target on the stock. JMP Securities reiterated a "market perform" rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd. Finally, StockNews.com raised Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a research report on Friday, March 7th.
Get Our Latest Stock Analysis on Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Company Profile
(
Get Free Report)
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.
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