GSA Capital Partners LLP Sells 107,258 Shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI)

GSA Capital Partners LLP reduced its position in shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI) by 33.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 209,330 shares of the real estate investment trust’s stock after selling 107,258 shares during the quarter. GSA Capital Partners LLP’s holdings in Cherry Hill Mortgage Investment were worth $760,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wolverine Asset Management LLC purchased a new stake in shares of Cherry Hill Mortgage Investment during the third quarter valued at approximately $665,000. Forum Financial Management LP lifted its position in Cherry Hill Mortgage Investment by 4.4% in the 3rd quarter. Forum Financial Management LP now owns 298,600 shares of the real estate investment trust’s stock valued at $1,084,000 after acquiring an additional 12,600 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its stake in Cherry Hill Mortgage Investment by 133.3% during the 3rd 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 last quarter. Members Trust Co bought a new stake in shares of Cherry Hill Mortgage Investment in the 3rd quarter worth $47,000. Finally, Renaissance Technologies LLC raised its stake in shares of Cherry Hill Mortgage Investment by 7.9% in the second quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock worth $1,843,000 after purchasing an additional 37,300 shares during the last quarter. 18.49% of the stock is owned by hedge funds and other institutional investors.

Cherry Hill Mortgage Investment Price Performance

Shares of NYSE:CHMI opened at $2.73 on Monday. Cherry Hill Mortgage Investment Co. has a 1 year low of $2.71 and a 1 year high of $4.39. The stock’s fifty day moving average price is $3.42 and its 200-day moving average price is $3.58. The company has a market cap of $86.32 million, a P/E ratio of -1.80 and a beta of 1.47.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. The company had revenue of $14.33 million for the quarter. During the same quarter in the prior year, the company earned $0.16 EPS. On average, sell-side analysts anticipate that Cherry Hill Mortgage Investment Co. will post 0.63 earnings per share for the current year.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 21.98%. The ex-dividend date was Monday, September 30th. Cherry Hill Mortgage Investment’s dividend payout ratio is currently -39.47%.

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.