Wolverine Asset Management LLC Has $506,000 Stock Position in Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)

Key Points

• Wolverine Asset Management LLC reduced its holdings in Cherry Hill Mortgage Investment Corporation by 54.3%, selling 181,938 shares and retaining 153,215 shares.
• Cherry Hill Mortgage Investment's latest quarterly earnings report showed an EPS of $0.10, which was below analysts' expectations of $0.12.
• The company announced a quarterly dividend of $0.15 per share, representing an annualized yield of 21.1%, despite a negative payout ratio of -109.09%.

Wolverine Asset Management LLC decreased its position in shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI - Free Report) by 54.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,215 shares of the real estate investment trust's stock after selling 181,938 shares during the period. Wolverine Asset Management LLC owned 0.47% of Cherry Hill Mortgage Investment worth $506,000 at the end of the most recent reporting period.

Separately, Jane Street Group LLC bought a new position in shares of Cherry Hill Mortgage Investment during the 4th quarter worth about $68,000. 18.49% of the stock is owned by institutional investors.

Cherry Hill Mortgage Investment Trading Down 0.2%

CHMI stock traded down $0.01 during trading on Thursday, hitting $2.95. 267,757 shares of the stock traded hands, compared to its average volume of 295,050. The stock has a market cap of $106.14 million, a price-to-earnings ratio of -5.66 and a beta of 0.97. Cherry Hill Mortgage Investment Corporation has a one year low of $2.34 and a one year high of $3.81. The company has a 50 day simple moving average of $2.82 and a 200 day simple moving average of $3.05.

Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). Cherry Hill Mortgage Investment had a negative net margin of 14.28% and a positive return on equity of 15.55%. The firm had revenue of $6.04 million for the quarter, compared to analyst estimates of $2.19 million. As a group, analysts predict that Cherry Hill Mortgage Investment Corporation will post 0.38 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 20.4%. The ex-dividend date of this dividend was Monday, June 30th. Cherry Hill Mortgage Investment's dividend payout ratio is presently -115.38%.

Cherry Hill Mortgage Investment 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.