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

Wolverine Asset Management LLC purchased a new stake in Cherry Hill Mortgage Investment Co. (NYSE:CHMI) during the third quarter, HoldingsChannel reports. The institutional investor purchased 183,164 shares of the real estate investment trust’s stock, valued at approximately $665,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHMI. Vanguard Group Inc. boosted its position in 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 valued at $4,843,000 after buying an additional 36,039 shares in the last quarter. Forum Financial Management LP acquired a new stake in shares of Cherry Hill Mortgage Investment during the 2nd quarter valued at $1,038,000. Members Trust Co bought a new stake in Cherry Hill Mortgage Investment during the 3rd quarter worth $47,000. Renaissance Technologies LLC increased its holdings in Cherry Hill Mortgage Investment by 7.9% in the 2nd 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 in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV raised its position in Cherry Hill Mortgage Investment by 133.3% in 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 last quarter. 18.49% of the stock is owned by institutional investors.

Cherry Hill Mortgage Investment Trading Down 10.1 %

Shares of CHMI stock opened at $2.86 on Thursday. The firm has a market capitalization of $86.03 million, a price-to-earnings ratio of -1.88 and a beta of 1.47. The business’s 50-day moving average price is $3.45 and its 200-day moving average price is $3.59. Cherry Hill Mortgage Investment Co. has a 12 month low of $2.86 and a 12 month high of $4.39.

Cherry Hill Mortgage Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 20.98%. The ex-dividend date was Monday, September 30th. Cherry Hill Mortgage Investment’s payout ratio is -39.47%.

Cherry Hill Mortgage Investment 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.