Two Sigma Advisers LP trimmed its stake in shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Free Report) by 49.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,741 shares of the real estate investment trust's stock after selling 269,300 shares during the quarter. Two Sigma Advisers LP owned approximately 0.87% of Cherry Hill Mortgage Investment worth $725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in CHMI. Jane Street Group LLC bought a new position in Cherry Hill Mortgage Investment during the fourth quarter worth $68,000. Northern Trust Corp increased its position 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 buying an additional 30,330 shares in the last quarter. Virtu Financial LLC acquired a new position in Cherry Hill Mortgage Investment during the 4th quarter worth approximately $130,000. Corient Private Wealth LLC boosted its holdings in 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 acquiring an additional 121,447 shares in the last quarter. Finally, Wolverine Asset Management LLC increased 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 acquiring an additional 151,989 shares in the last quarter. 18.49% of the stock is currently owned by institutional investors.
Cherry Hill Mortgage Investment Stock Up 0.5%
Shares of Cherry Hill Mortgage Investment stock traded up $0.02 during trading on Thursday, reaching $2.97. The company's stock had a trading volume of 90,953 shares, compared to its average volume of 262,661. The firm's 50-day moving average is $2.89 and its two-hundred day moving average is $3.02. Cherry Hill Mortgage Investment Co. has a 52-week low of $2.34 and a 52-week high of $3.99. The company has a market cap of $96.83 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 issued its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.06. The business had revenue of ($3.05) million for the quarter, compared to the consensus estimate of $2.39 million. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. On average, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 20.24%. The ex-dividend date of this dividend was Monday, March 31st. Cherry Hill Mortgage Investment's payout ratio is -109.09%.
Insider Activity
In other Cherry Hill Mortgage Investment news, Director Sharon L. Cook sold 13,000 shares of the firm's stock in a transaction dated 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 $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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.40% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a report on Friday, March 7th.
View Our Latest Stock Report on CHMI
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.
Read More
Before you consider Cherry Hill Mortgage Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cherry Hill Mortgage Investment wasn't on the list.
While Cherry Hill Mortgage Investment currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
