Wolverine Asset Management LLC Makes New $665,000 Investment in Cherry Hill Mortgage Investment Co. (NYSE:CHMI)

Wolverine Asset Management LLC purchased a new position in shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 183,164 shares of the real estate investment trust's stock, valued at approximately $665,000. Wolverine Asset Management LLC owned 0.61% of Cherry Hill Mortgage Investment as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Cherry Hill Mortgage Investment by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,368,084 shares of the real estate investment trust's stock worth $4,843,000 after buying an additional 36,039 shares during the period. Forum Financial Management LP acquired a new position in Cherry Hill Mortgage Investment in the second quarter valued at approximately $1,038,000. Members Trust Co bought a new position in shares of Cherry Hill Mortgage Investment during the third quarter worth about $47,000. Renaissance Technologies LLC boosted its position in shares of Cherry Hill Mortgage Investment by 7.9% during the second quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust's stock worth $1,843,000 after buying an additional 37,300 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV increased its holdings in shares of Cherry Hill Mortgage Investment by 133.3% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 28,000 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 16,000 shares during the period. Institutional investors and hedge funds own 18.49% of the company's stock.

Cherry Hill Mortgage Investment Stock Performance

Shares of NYSE CHMI traded down $0.08 during trading on Thursday, hitting $2.78. The company had a trading volume of 412,055 shares, compared to its average volume of 198,542. The business's 50-day moving average is $3.43 and its 200 day moving average is $3.58. The company has a market cap of $83.62 million, a P/E ratio of -1.83 and a beta of 1.47. Cherry Hill Mortgage Investment Co. has a 52 week low of $2.76 and a 52 week high of $4.39.

Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last issued its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). Cherry Hill Mortgage Investment had a positive return on equity of 15.04% and a negative net margin of 60.97%. The business had revenue of $14.33 million during the quarter. During the same period in the previous year, the business posted $0.16 earnings per share. On average, research analysts expect that Cherry Hill Mortgage Investment Co. will post 0.63 EPS for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 21.58%. The ex-dividend date was Monday, September 30th. Cherry Hill Mortgage Investment's payout ratio is presently -39.47%.

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.