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 Cherry Hill Mortgage Investment 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 transaction, the director now owns 19,513 shares of the company’s stock, valued at $71,027.32. This represents a 39.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Cherry Hill Mortgage Investment Trading Down 1.6 %

Shares of NYSE CHMI traded down $0.06 on Tuesday, reaching $3.60. 317,025 shares of the company traded hands, compared to its average volume of 237,280. The stock has a market capitalization of $113.85 million, a PE ratio of -2.37 and a beta of 1.43. Cherry Hill Mortgage Investment Co. has a fifty-two week low of $2.50 and a fifty-two week high of $3.99. The company has a 50 day moving average of $3.38 and a 200 day moving average of $3.19.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings results 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. The company had revenue of $0.66 million for the quarter, compared to the consensus estimate 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%. As a group, research analysts expect that Cherry Hill Mortgage Investment Co. will post 0.38 earnings per share for the current year.

Cherry Hill Mortgage Investment Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com raised Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Friday, March 7th. JMP Securities reiterated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd. B. Riley raised shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Janney Montgomery Scott assumed 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 target price for the company.

Institutional Trading of Cherry Hill Mortgage Investment

Institutional investors have recently modified their holdings of the company. Barclays PLC acquired a new position in Cherry Hill Mortgage Investment during the third quarter valued at approximately $52,000. Geode Capital Management LLC lifted its holdings in shares of Cherry Hill Mortgage Investment by 7.6% during 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 acquiring an additional 23,947 shares in the last quarter. Wolverine Asset Management LLC boosted its position in Cherry Hill Mortgage Investment by 83.0% during the 4th quarter. Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust’s stock worth $885,000 after purchasing an additional 151,989 shares during the period. Corient Private Wealth LLC increased its holdings in 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 purchasing an additional 121,447 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Cherry Hill Mortgage Investment in the third quarter valued at about $49,000. Hedge funds and other institutional investors own 18.49% of the company’s 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.