Cherry Hill Mortgage Investment Corp. (NYSE:CHMI) CFO Martin Levine bought 1,000 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was bought at an average cost of $17.16 per share, for a total transaction of $17,160.00. Following the acquisition, the chief financial officer now owns 14,600 shares of the company’s stock, valued at approximately $250,536. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Cherry Hill Mortgage Investment Corp. (NYSE:CHMI) traded up 1.69% during mid-day trading on Monday, reaching $17.50. The company’s stock had a trading volume of 58,063 shares. The firm has a market capitalization of $131.69 million, a P/E ratio of 16.07 and a beta of 0.27. Cherry Hill Mortgage Investment Corp. has a 52 week low of $12.60 and a 52 week high of $18.02. The firm’s 50 day moving average price is $16.39 and its 200 day moving average price is $15.94.

Cherry Hill Mortgage Investment Corp. (NYSE:CHMI) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.08. Cherry Hill Mortgage Investment Corp. had a return on equity of 10.45% and a net margin of 26.82%. During the same period in the prior year, the business posted $0.47 EPS. On average, analysts anticipate that Cherry Hill Mortgage Investment Corp. will post $0.42 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 25th. Investors of record on Friday, September 30th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 11.20%. The ex-dividend date was Wednesday, September 28th. Cherry Hill Mortgage Investment Corp.’s dividend payout ratio (DPR) is 179.82%.

A number of research analysts have recently issued reports on the company. TheStreet raised Cherry Hill Mortgage Investment Corp. from a “sell” rating to a “hold” rating in a report on Monday, October 3rd. Citigroup Inc. upped their price objective on Cherry Hill Mortgage Investment Corp. from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Zacks Investment Research raised Cherry Hill Mortgage Investment Corp. from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Friday, August 12th. Finally, Wedbush started coverage on Cherry Hill Mortgage Investment Corp. in a report on Wednesday, October 5th. They set a “neutral” rating and a $17.50 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $18.80.

Several hedge funds have recently made changes to their positions in CHMI. Jacobs Levy Equity Management Inc. bought a new stake in shares of Cherry Hill Mortgage Investment Corp. during the first quarter valued at about $263,000. Clear Harbor Asset Management LLC increased its stake in shares of Cherry Hill Mortgage Investment Corp. by 10.7% in the first quarter. Clear Harbor Asset Management LLC now owns 115,668 shares of the company’s stock valued at $1,638,000 after buying an additional 11,147 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Cherry Hill Mortgage Investment Corp. by 31.2% in the second quarter. Acadian Asset Management LLC now owns 273,715 shares of the company’s stock valued at $4,263,000 after buying an additional 65,092 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Cherry Hill Mortgage Investment Corp. during the second quarter valued at $311,000. Finally, Vanguard Group Inc. increased its stake in shares of Cherry Hill Mortgage Investment Corp. by 0.5% in the second quarter. Vanguard Group Inc. now owns 401,188 shares of the company’s stock valued at $6,246,000 after buying an additional 2,163 shares during the last quarter. 47.68% of the stock is currently owned by institutional investors and hedge funds.

Cherry Hill Mortgage Investment Corp. Company Profile

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.

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