Two Sigma Investments LP cut its holdings in shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Free Report) by 85.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,621 shares of the real estate investment trust's stock after selling 253,693 shares during the quarter. Two Sigma Investments LP owned approximately 0.13% of Cherry Hill Mortgage Investment worth $110,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in CHMI. Northern Trust Corp raised its stake in Cherry Hill Mortgage Investment by 30.9% in the 4th quarter. Northern Trust Corp now owns 128,350 shares of the real estate investment trust's stock valued at $339,000 after acquiring an additional 30,330 shares during the period. Jane Street Group LLC bought a new stake in Cherry Hill Mortgage Investment in the 4th quarter valued at about $68,000. Virtu Financial LLC bought a new stake in Cherry Hill Mortgage Investment in the 4th quarter valued at about $130,000. Wolverine Asset Management LLC raised its stake in Cherry Hill Mortgage Investment by 83.0% in the 4th 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 during the period. Finally, Corient Private Wealth LLC raised its stake 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 acquiring an additional 121,447 shares during the period. 18.49% of the stock is owned by hedge funds and other institutional investors.
Cherry Hill Mortgage Investment Stock Performance
NYSE:CHMI traded down $0.03 during mid-day trading on Friday, reaching $2.95. The stock had a trading volume of 202,461 shares, compared to its average volume of 264,573. The firm has a 50 day moving average price of $2.89 and a two-hundred day moving average price of $3.04. The stock has a market capitalization of $96.28 million, a P/E ratio of -1.94 and a beta of 0.98. Cherry Hill Mortgage Investment Co. has a one year low of $2.34 and a one year high of $3.99.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last released its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.06. Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. The company had revenue of ($3.05) million during the quarter, compared to the consensus estimate of $2.39 million. Research analysts forecast that Cherry Hill Mortgage Investment Co. will post 0.38 earnings per share for the current year.
Insider Buying and Selling at Cherry Hill Mortgage Investment
In other news, Director Sharon L. Cook sold 13,000 shares of the business'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 transaction, the director now directly owns 19,513 shares of the company's stock, valued at approximately $71,027.32. The trade was a 39.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a research note on Friday, March 7th.
Read Our Latest Stock Analysis on Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Profile
(
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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