Insider Selling: Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Director Sells $47,320.00 in Stock

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Director Sharon L. Cook sold 13,000 shares of the firm’s 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 completion of the sale, the director now directly owns 19,513 shares in the company, valued at approximately $71,027.32. This trade represents a 39.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Cherry Hill Mortgage Investment Stock Performance

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

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its earnings results on Thursday, March 6th. The real estate investment trust reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $0.66 million for the quarter, compared to analysts’ expectations 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%. Analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 16.90%. Cherry Hill Mortgage Investment’s payout ratio is 1,000.00%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CHMI shares. StockNews.com raised shares of Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Friday, March 7th. B. Riley raised shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research note on Tuesday, January 7th. Janney Montgomery Scott initiated coverage on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 2nd. They issued a “buy” rating and a $4.00 price target on the stock. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC acquired a new stake in shares of Cherry Hill Mortgage Investment in the third quarter valued at $52,000. Geode Capital Management LLC raised its position in Cherry Hill Mortgage Investment by 7.6% in the third quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock worth $1,225,000 after acquiring an additional 23,947 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings 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 valued at $885,000 after acquiring an additional 151,989 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Cherry Hill Mortgage Investment by 24.4% during the 4th quarter. Corient Private Wealth LLC now owns 619,121 shares of the real estate investment trust’s stock valued at $1,634,000 after purchasing an additional 121,447 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Cherry Hill Mortgage Investment in the 3rd quarter worth approximately $49,000. 18.49% of the stock is owned by institutional investors.

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.