Renaissance Technologies LLC reduced its stake in Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 547,784 shares of the real estate investment trust's stock after selling 131,528 shares during the period. Renaissance Technologies LLC owned 1.73% of Cherry Hill Mortgage Investment worth $1,446,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Barclays PLC acquired a new position in shares of Cherry Hill Mortgage Investment during the third quarter worth approximately $52,000. Geode Capital Management LLC raised its holdings in Cherry Hill Mortgage Investment by 7.6% during the third quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust's stock worth $1,225,000 after buying an additional 23,947 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Cherry Hill Mortgage Investment in the fourth quarter valued at $32,000. Wolverine Asset Management LLC grew 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 buying an additional 151,989 shares during the last quarter. Finally, Corient Private Wealth LLC increased its position in shares of Cherry Hill Mortgage Investment by 24.4% during 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. Institutional investors and hedge funds own 18.49% of the company's stock.
Insider Buying and Selling
In related news, Director Sharon L. Cook sold 13,000 shares of the 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 owns 19,513 shares of the company's stock, valued at approximately $71,027.32. This represents a 39.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.
Cherry Hill Mortgage Investment Stock Performance
Shares of Cherry Hill Mortgage Investment stock traded up $0.04 during mid-day trading on Friday, hitting $2.99. 221,713 shares of the stock were exchanged, compared to its average volume of 261,446. The company has a market capitalization of $97.65 million, a P/E ratio of -1.97 and a beta of 1.05. The company has a 50-day simple moving average of $3.14 and a 200 day simple moving average of $3.05. Cherry Hill Mortgage Investment Co. has a 12 month low of $2.34 and a 12 month high of $3.99.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The real estate investment trust reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. 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 $0.66 million for the quarter, compared to analyst estimates of $1.50 million. Analysts predict that Cherry Hill Mortgage Investment Co. will post 0.38 EPS for the current year.
Cherry Hill Mortgage Investment Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders 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 dividend yield of 20.07%. Cherry Hill Mortgage Investment's payout ratio is 1,000.00%.
Wall Street Analyst Weigh In
CHMI has been the topic of several recent research reports. B. Riley raised shares of Cherry Hill Mortgage Investment to a "strong-buy" rating in a research report on Tuesday, January 7th. StockNews.com upgraded Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, JMP Securities reiterated a "market perform" rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd.
Check Out Our Latest Stock Analysis on CHMI
Cherry Hill Mortgage Investment Company 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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