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 Cherry Hill Mortgage Investment stock in a transaction 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 sale, the director now directly owns 19,513 shares of the company’s stock, valued at approximately $71,027.32. This trade represents a 39.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Cherry Hill Mortgage Investment Price Performance

Shares of NYSE:CHMI traded down $0.06 during trading on Tuesday, reaching $3.60. The company had a trading volume of 317,025 shares, compared to its average volume of 237,280. The stock’s fifty day moving average price is $3.38 and its 200 day moving average price is $3.19. Cherry Hill Mortgage Investment Co. has a fifty-two week low of $2.50 and a fifty-two week high of $3.99. The firm has a market capitalization of $113.85 million, a price-to-earnings ratio of -2.37 and a beta of 1.43.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings data on Thursday, March 6th. The real estate investment trust reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. 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 $0.66 million during the quarter, compared to the consensus estimate of $1.50 million. On average, equities analysts anticipate that Cherry Hill Mortgage Investment Co. will post 0.38 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.15 dividend. 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 16.67%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently 1,000.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. JMP Securities restated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 23rd. 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 upgraded shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, 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 objective on the stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CHMI. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Cherry Hill Mortgage Investment in the 3rd quarter valued at about $49,000. Penserra Capital Management LLC boosted its stake in shares of Cherry Hill Mortgage Investment by 22.9% during the 3rd quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock worth $964,000 after acquiring an additional 49,600 shares in the last quarter. Barclays PLC acquired a new stake in shares of Cherry Hill Mortgage Investment in the 3rd quarter worth approximately $52,000. Geode Capital Management LLC increased its stake in Cherry Hill Mortgage Investment by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock valued at $1,225,000 after purchasing an additional 23,947 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Cherry Hill Mortgage Investment during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 18.49% of the company’s stock.

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.