Insider Selling: Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Director Sells 13,000 Shares of Stock

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Director Sharon L. Cook sold 13,000 shares of the company’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 transaction of $47,320.00. Following the completion of the sale, the director now directly owns 19,513 shares of the company’s stock, valued at $71,027.32. The trade was a 39.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Cherry Hill Mortgage Investment Stock Down 1.3 %

Shares of CHMI opened at $3.56 on Thursday. The company has a 50 day moving average of $3.41 and a two-hundred day moving average of $3.19. Cherry Hill Mortgage Investment Co. has a twelve month low of $2.50 and a twelve month high of $3.99. The company has a market cap of $112.43 million, a price-to-earnings ratio of -2.34 and a beta of 1.43.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings data on Thursday, March 6th. The real estate investment trust reported $0.10 earnings per share for the quarter, hitting 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 firm had revenue of $0.66 million during the quarter, compared to analysts’ expectations of $1.50 million. On average, sell-side analysts expect that Cherry Hill Mortgage Investment Co. will post 0.38 EPS for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 16.88%. Cherry Hill Mortgage Investment’s payout ratio is 1,000.00%.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several hedge funds and other institutional investors have recently modified their holdings of CHMI. Barclays PLC acquired a new position in Cherry Hill Mortgage Investment during the 3rd quarter valued at approximately $52,000. Geode Capital Management LLC grew its holdings in shares of Cherry Hill Mortgage Investment by 7.6% during the third quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock valued at $1,225,000 after buying an additional 23,947 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Cherry Hill Mortgage Investment by 83.0% during the fourth quarter. Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust’s stock valued at $885,000 after buying an additional 151,989 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Cherry Hill Mortgage Investment by 24.4% in 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 acquiring an additional 121,447 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Cherry Hill Mortgage Investment in the 3rd quarter worth $49,000. 18.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.