Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Free Report) by 19.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 547,784 shares of the real estate investment trust's stock after selling 131,528 shares during the quarter. Renaissance Technologies LLC owned about 1.73% of Cherry Hill Mortgage Investment worth $1,446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CHMI. Root Financial Partners LLC purchased a new stake in Cherry Hill Mortgage Investment during the fourth quarter valued at about $32,000. Barclays PLC acquired a new stake in Cherry Hill Mortgage Investment during the 3rd quarter worth approximately $52,000. Virtu Financial LLC purchased a new position in Cherry Hill Mortgage Investment in the fourth quarter valued at approximately $130,000. Wolverine Asset Management LLC lifted its position in 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 in the last quarter. Finally, Geode Capital Management LLC grew its stake 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 period. 18.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHMI has been the topic of several recent research reports. B. Riley upgraded shares of Cherry Hill Mortgage Investment to a "strong-buy" rating in a report on Tuesday, January 7th. StockNews.com raised Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a research 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.

Insider Transactions at Cherry Hill Mortgage Investment

In other Cherry Hill Mortgage Investment news, Director Sharon L. Cook sold 13,000 shares of the business's stock in a transaction on 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 sale, the director now owns 19,513 shares in the company, valued at $71,027.32. The trade was a 39.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company's stock.

Cherry Hill Mortgage Investment Stock Up 1.4 %

Shares of Cherry Hill Mortgage Investment stock traded up $0.04 during trading hours on Friday, hitting $2.99. 221,713 shares of the company's stock traded hands, compared to its average volume of 260,861. Cherry Hill Mortgage Investment Co. has a twelve month low of $2.34 and a twelve month high of $3.99. The company has a market cap of $97.65 million, a PE ratio of -1.97 and a beta of 1.05. The stock has a 50 day simple moving average of $3.14 and a 200-day simple moving average of $3.06.

Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last announced its earnings results on Thursday, March 6th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.10. 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 $0.66 million for the quarter, compared to analyst estimates of $1.50 million. As a group, equities research analysts predict that Cherry Hill Mortgage Investment Co. will post 0.38 EPS for the current year.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 20.07%. The ex-dividend date of this dividend was Monday, March 31st. Cherry Hill Mortgage Investment's dividend payout ratio is currently 1,000.00%.

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.