Shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.02 and traded as low as $2.93. Cherry Hill Mortgage Investment shares last traded at $2.97, with a volume of 157,271 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a research report on Friday, March 7th.
View Our Latest Research Report on CHMI
Cherry Hill Mortgage Investment Trading Up 0.3%
The stock's fifty day moving average price is $2.93 and its two-hundred day moving average price is $3.01. The firm has a market capitalization of $96.67 million, a price-to-earnings ratio of -1.95 and a beta of 1.06.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.06. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. The business had revenue of ($3.05) million for the quarter, compared to analyst estimates of $2.39 million. Analysts anticipate that Cherry Hill Mortgage Investment Co. will post 0.38 earnings per share for the current fiscal year.
Cherry Hill Mortgage Investment Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 20.27%. Cherry Hill Mortgage Investment's dividend payout ratio is currently -109.09%.
Insider Buying and Selling
In other Cherry Hill Mortgage Investment news, Director Sharon L. Cook sold 13,000 shares of Cherry Hill Mortgage Investment stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.64, for a total transaction of $47,320.00. Following the completion of the transaction, the director now owns 19,513 shares in the company, valued at approximately $71,027.32. The trade was a 39.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.40% of the stock is owned by company insiders.
Hedge Funds Weigh In On Cherry Hill Mortgage Investment
Institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC raised its holdings in Cherry Hill Mortgage Investment by 83.0% in 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 acquiring an additional 151,989 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Cherry Hill Mortgage Investment by 24.4% in the fourth quarter. Corient Private Wealth LLC now owns 619,121 shares of the real estate investment trust's stock worth $1,634,000 after buying an additional 121,447 shares during the period. Jane Street Group LLC boosted its holdings in shares of Cherry Hill Mortgage Investment by 262.5% in the first quarter. Jane Street Group LLC now owns 93,672 shares of the real estate investment trust's stock worth $309,000 after buying an additional 67,832 shares during the period. Virtu Financial LLC acquired a new position in shares of Cherry Hill Mortgage Investment in the fourth quarter worth about $130,000. Finally, Vident Advisory LLC acquired a new position in shares of Cherry Hill Mortgage Investment in the first quarter worth about $123,000. Institutional investors and hedge funds own 18.49% of the company's stock.
About Cherry Hill Mortgage Investment
(
Get Free Report)
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.
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